Word: cwt
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...every drunkard knows, cold milk soothes seething stomachs. Last summer the State of New York set out to acquaint novice tipplers with this useful fact. In 1933 the State Legislature had laid a tax of 1? per cwt. on milk, half the proceeds to go for an advertising campaign designed to up milk consumption. The 1934 campaign, conducted by the State Department of Health, was a model of dignified propriety, cost $400,000, upped milk consumption not a quart. Last July the job was turned over to the State Department of Agriculture & Markets, which promptly hired a professional advertising agency...
...Corn Belt Farm Dailies glowed with rays of "business sunshine." thanked God for good weather, the Government for good prices. These two factors were responsible for a grain crop up 80% over drought-stricken 1934, for cattle which, fattened on sweet lush grass, were selling $2 per cwt. higher in Chicago than a year ago. In Editor & Publisher, which issued a special supplement full of good farm news. Secretary of Agriculture Henry Agard Wallace estimated that this year's farm cash income would top last year's $6,200,000,000 by $500,000,000, a little more than half...
...Chicago stockyards last week received less than 50,000 hogs compared to 250,000 to 300,000 hogs a week in recent years. As measured by pork, the living standard of the U. S. was down to a fifth of normal. The price of hogs soared to $12.05 a cwt. exclusive of processing tax-an indication that Mrs. Zuk would soon have more friends, that there would soon be more angry butchers...
...best medium-weight hogs in Chicago last week packers were paying $11 per cwt. Including processing tax a fat, tender 250-lb. porker cost nearly $30. In 1932 the same animal would have brought less than $9. Such fine pig news should have excited farmers of the Midwest but they were singularly apathetic about hog headlines. Fact was, they had very few pigs to sell...
Notable last week were two specific complaints against AAA. With the processing tax on hogs shooting up from an original 50¢ per cwt. to the present $2.25, Manhattan's Hygrade Food Products Corp. has paid $5,128,869 in processing taxes since November 1933. Petitioning last week for an injunction against collection of $1,771,177 more in taxes due, Hygrade declared that the tax now comprises 47% of its yearly operating cost, takes 21% of its revenue from the sale of meat products. Sales have plummeted because of resulting higher prices and Hygrade felt itself on the verge...