Word: cwt
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...smallest in 50 years. Sheep and lambs, least affected by Drought, were down some 5% to 49,766,000 last January. Out of proportion to these decreases in supply were the increases in price paid by the packer. Hogs that cost him $3.65 per cwt. a year ago cost him $10.15 last week. For cattle he paid 50% more last week than for the same week last year...
...crisis in peanuts, which virtually stopped trading on the Baltic Exchange for three days, soon provoked uneasiness in two other commodities which have lately become speculative favorites in London: white pepper and shellac. Gamblers who had bought orange shellac on margin at 122 shillings per cwt. during last year's frantic speculation could not sell for more than seven shillings sixpence last week. Although financial editors declared that "certain weak positions have been taken over by strong hands," Mincing Lane brokers remembered that the same thing had been said before the Strauss crash. White pepper traders were chilled...
Meanwhile the tobacco boom was making itself evident in other sections. In a survey of 39 tobacco markets in North Carolina, the United Press reported that more than 200,000,000 lb. had been sold in that State up to Oct. 1 at an average price of $27.02 per cwt. Tobacco income was up 35% over last year, was five times greater than in 1931 when the average price was $8.86 per cwt. Tobacco farmers were pouring into North Carolina towns to spend their money on automobiles, zipper jackets, silk dresses. At a Winston-Salem warehouse, where the average price...
...procession of grimy trucks and creaky wagons bearing big placards wound slowly through the deep, dim streets of downtown Manhattan one lunch hour last week. Wastepaper dealers were holding a parade against their luckless lot. Under contract at 15¢ per cwt. to empty the trash baskets of Wall Street's tall towers, they were unable to sell their wares for any price at all. Whereas a year ago they could get as much as 70¢ per cwt. for this waste they were now having to pay a big incinerator a fee to dispose...
...This year's crop, estimated at not more than 261,000,000 bu. will sell, experts agree, at above 62¢?a total net gain for the State of some $25,000,000 over last year. With last week's hog prices up to $6.65 a cwt. against $2.80 in June, the Des Moines Register & Tribune's able Farm Editor J. S. Russell estimated that Iowa's hog income would be as great as last year's, excluding $70,000,000 to be paid by the AAA for pigs & corn that were not raised. Forecasts of income from cattle, chickens...