Word: hogs
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When he quit the Cabinet last February, Harold Ickes went over to ICCASP as executive chairman (reputedly at $25,000). But Honest Harold is a little too old, crotchety and hog-on-ice independent for ICCASP. The Committee wanted him to speak here, there & everywhere; Harold wanted to speak only at rallies of his own choosing. Result: Ickes will make some speeches for the Committee this fall, and will not collect anything near $25,000. Asked about Jo Davidson's political savvy, Ickes replied: "He's a good sculptor...
Nobody was very much surprised when the Price Decontrol Board ordered a restoration of ceilings on meat, left grains free (see NATIONAL AFFAIRS). But hog and cattle producers had expected the ceilings to be clamped on immediately. On the day after issuance of the restoration order, receipts at major markets fell to record lows...
...Beef and hog prices sagged. By week's end, many steers were bringing only 50? a hundredweight above last week's OPA ceilings. Hog prices were down to within 50? to $1.40 of ceilings. And before long, prices will feel the effect of the grass-fed beef which will soon start moving off the ranges. The big packers were still buying little. They were afraid of losing their subsidies if OPA comes back. And they intended to wait for the lower prices that would surely come if cattle continued to pour...
Furthermore, the unrealistic corn-hog price ratio that had kept so many hogs on the farm, and so much corn going into them in the last year or so, was done for. Cash corn soared from $1.46½ to $2.25 a bu. at Chicago, far too high to make it profitable to feed it to hogs. Instead, it came off the farms (1,000,000 bushels...
...Rouault (75), still hard at work on hog-faced justices, blazing Byzantine Christs with noses like thumbs, and painfully contorted acrobats, has come to look like a wistful old clown or a humorous old priest. He keeps to himself in Paris, suing his enemies for old debts and avoiding his friends...