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Stacked carton upon carton in cold U.S. warehouses is enough surplus butter (261 million Ibs.) to spread 16,704,000,000 slices of toast, or to butter 8,352,000,000 hot rums.* With more surplus rolling in at the rate of 7,000,000 Ibs. a week, President Eisenhower last week publicly expressed what his agricultural experts have been saying privately for months: something has to be done about butter...

Author: /time Magazine | Title: FOOD: Hot Buttered Trouble | 2/15/1954 | See Source »

...Department of Agriculture, specialists have been working overtime on plans for melting the surplus out of the warehouses and onto the toast. Among the possibilities is a "Rexall" or 1? sale, in which surplus butter would be sold to consumers for 1? a Ib. if they bought a pound or two of newly produced butter at the regular price. Another possibility is a Brannan-like direct-subsidy plan, under which butter would find its price level in the market, and the Government would pay dairymen the difference between that price and a predetermined parity level. Still another...

Author: /time Magazine | Title: FOOD: Hot Buttered Trouble | 2/15/1954 | See Source »

...Blending" the Price. But the plan that was running ahead of all others last week called for a "blended" price. The Government would sell the surplus to dealers at a cut rate (possibly as low as 1? a Ib.) and permit them to sell it and newly produced butter to the public at an average price. Thus, if the wholesale price of butter stayed at the present 67? a Ib. and the Government let dealers have the surplus at 1?, the retail price for all butter would be the average-34? a Ib.-plus distribution costs...

Author: /time Magazine | Title: FOOD: Hot Buttered Trouble | 2/15/1954 | See Source »

...amount of cholesterol in their blood, and some of these have been carefully followed and lab-tested for two years or more. This diet is not extreme or hard to follow, since it may include as much as two ounces of fat a day. The doctors exclude butter, cream, fatty meat, egg yolk and cheese. However, they let the patients have skim milk...

Author: /time Magazine | Title: Medicine: Hope for Reversal | 2/1/1954 | See Source »

...cocoa rise was caused not only by increased demand and bad weather but by the "Swollen Shoot" (a virus disease) cocoa-tree blight in Africa. As the price went from 30? to almost 60? a lb. in a year, the Government considered releasing some of its vast stocks of butter to users of cocoa butter for candy, but gave up the idea, since butter's low melting point would make it impractical...

Author: /time Magazine | Title: COMMODITIES: Coffee Jitters | 1/25/1954 | See Source »

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