Word: hogs
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Beef to Impress. Butchering still accounts for 80% of Armour's sales, but the business has changed vastly since Philip Danforth Armour, with $2,000,000 earned from short selling barrels of pork in the Civil War, helped make Chicago the hog butcher for the world. Big-city slaughterhouses, geared to seasonal rushes and stretches of idleness, have been replaced by busy little "country" abattoirs closer to such cattle towns as West Point, Neb., and Worthington, Minn. Meanwhile, since supermarkets buy out of Chicago and a few large centers, Armour has steadily closed down a quarter of the distributing...
...almost everything in an animal but its squeal. Most of its processes, from skinning to tinning, are now controlled by buttons, and new byproducts have led Armour in promising directions. From bone meal, it has moved strongly into all types of fertilizer. Tentative steps into Pharmaceuticals with pepsin from hog stomachs have led to a line of non-meat products that includes tranquilizers and cosmetics. Excursions into soapmaking to utilize fatty acids produced Dial soap, got Armour so interested in the grocery end that it now even makes pizza pie. Diversified Armour has been reorganized into seven divisions...
...Vegetable Oil Refining Corp.-clammed up. Allied set off the whole mess through its headlong speculation in vegetable-oil futures, and its failure to meet margin requirements brought down Wall Street's venerable Ira Haupt Co. Last week pudgy "Tino" DeAngelis, a onetime foreman in a New York hog-processing company, walked into a New Jersey courtroom crowded with 50 law yers who hoped for some answers. To the exasperation of all, DeAngelis took the Fifth Amendment 58 times in re sponse to questions...
They called him "Tawl Tawm." His flamboyant Senate oratory could drown an opponent in sweet molasses or hog-tie him in barbed wire. He smoked ten 15? cigars every day and wore his white hair so long that it crested in curls at the nape of his neck. He dressed in modified swallowtail suits-a dignified black from October to May, a delicate grey from May to September. He was Texas' longtime Senator Tom Connally. He died last week in Washington at 86, and, recollecting his career, many a Washingtonian shed a tear for what he thought...
Once, only professionals risked their money at the perilous pastime of making such esoteric guesses as how many potatoes would bud, the quality of hog bellies, the size of the soybean crop, and the number of cocoa beans on Ghanaian trees. But after tasting quick profits with the glamour stocks of the 1950s, thousands of amateurs-from house wives to retired mailmen-are trying for even quicker profits in the fitful, fickle commodity futures. Sales on the Chicago exchange have risen 80% in three years. Most often the amateurs lose, but the tales of what might have been keep them...