Word: hundredweight
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Betting that there was not enough left of last fall's New England crop to take up the slack in East Coast markets, the bulls at the Mercantile Exchange contracted to buy 10,000 carloads of Maine potatoes at prices ranging from $1.95 to $3.20 per hundredweight for delivery May 14. By then, the bulls believe, potato prices will be up to $5 to $6 per hundredweight, leaving them a fat profit on their future contracts. The bears, who sold the bulls their contracts, are betting just as firmly that there are plenty of spuds in Maine and that...
...private chapel. Catholic Convert Margaret Clitherow was pressed to death and, according to a witness, "was in dying one-quarter of an hour. A sharp stone as much as a man's fist was put under her back; upon her was laid the quantity of seven or eight hundredweight at the least, which breaking her ribs caused them to burst through her skin.'' Altogether, from 1585 to 1680, about 360 British Roman Catholics were tortured and killed...
PORK PRICES will be boosted by new Government buying program. Including current lard purchases, Agriculture Secretary Ezra Taft Benson will make $100 million available immediately to buy pork for school-lunch programs and other nonprofit uses. As result, pork prices, which had slipped below $15 per hundredweight for first time since March, spurted ahead last week to $15.50 per hundredweight...
...Hassle over Pork. As Ezra Benson moved across the U.S., such assistance was needed. In Chicago he trudged through the manure in the stockyards, spotted and sold (to a livestock commission buyer) a choice lot of hogs at $15.25 a hundredweight, 25? above the day's previous high. Given a stockman's cane as a souvenir of his feat, Benson later referred to the cane as a reminder that hogs should never "go below that price again." But before the week was out, the top for hogs in Chicago had slipped...
...potatoes. Secretary Ezra Taft Benson firmly declined, suggested that growers cut production. But as prices fell and pressure mounted, Benson yielded. Last week he announced that the Department will 1) buy a limited amount of potatoes for school lunch and welfare use, 2) pay a subsidy of 35? a hundredweight to divert potatoes into starch and flour production, and 3) join producers in potato-sales-promotion...