Word: citrus
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Dates: during 1950-1959
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...gave Dwight Eisenhower one of his busiest weeks since he moved into the White House, he nevertheless found time to play 18 holes of golf at chilly (35°) Burning Tree. He also found time to see the usual list of visiting students and folks from back home. Welcoming citrus men, he listened with a grin while an indignant Texan complained that the Texas grapefruit in a punchbowl the visitors presented to Ike had been buried beneath fruit from Florida, California and Arizona. Said Ike, who obviously realized that there is a limit to what...
Still Rusty. In Sacramento, Lawrence B. Garcia sued the Citrus Heights Fire Department for $12,530 damages, charged that firemen he had permitted on his property to practice had let their fire get out of control and burn down his home...
...sales: $36.4 million), has just closed a $40 million deal to buy its biggest competitor, the Snow Crop division of Clinton Foods Inc. Minute Maid will pay Clinton $22.5 million in cash and $17.3 million in Minute Maid bonds for six processing plants and 7,500 acres of citrus groves, will get a full line of frozen fruits, vegetables, fish and poultry, besides becoming by far the biggest orange juice producer in the field...
...against violent ups and downs in prices. It is the futures market, in which they can buy and sell commodities for delivery months in advance. Last week dealers in two other products subject to roller-coaster price swings were busy setting up futures markets of their own. In Florida citrus men laid plans for a futures market in booming citrus concentrates, whose prices fluctuate as much as 60% in a season. In Chicago a futures market in scrap iron and steel will open late this summer at the huge Mercantile Exchange, where $1.3 billion worth of farm products...
...Crop. Florida's new kind of boom has cast up a new crop of millionaires. One of the top citrus men is Tom Swann, 52, who runs the groves and concentrate plant for Florence Foods, a big growers' cooperative, and also has 1,600 acres in groves of his own. In the state's growing cattle business, the biggest force is Florida's Lykes family, headed by John Wall Lykes (66) and nephew Charles (37). The Lykeses who also own the Lykes Bros. Steamship Co., Inc., largest shipper under the U.S. flag (54 cargo ships operating...