Word: hundredweights
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...food (and rents) the boosts were big and fast. It was meat that gave the spectacular example of supply & demand. In the first day of free trade at the Chicago stockyards, prime beef jumped to $22 a hundredweight (OPA ceiling: $18), hogs were up to $18.50 (ceiling: $14.85). Then the farmers, hurrying to cash in on the high prices, began to pour in cattle by the thousand. One day alone brought in 20,000 hogs, greatest number in six months...
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...
Because of a bearish Government forecast, farmers had expected their hogs to fetch bad prices all summer. But last week they were selling as high as $5.15 a hundredweight against $3.40 on June 1. Because farmers have needed money so badly that they have sold their hogs right along it was expected that no sudden rush of pigs to market would upset the hog-cart. In Iowa where 13 million hogs are born and fattened every year, the rise from June 1 to last week's average price made a difference of $40,000,000 figuring each...
...District Court, New York City, to dissolve the Sugar Institute, whose 50 member-corporations refine more than 85% of the nation's granulated sugar. The petition charged that the Institute had induced beet sugar refiners to restrict competitive activities, had maintained the price of cane sugar 20? per hundredweight higher than refined beet sugar...
...fortnight ago Dr. Frederick M. Allen of Morristown, N. J., told the Federation of American Societies for Experimental Biology of "myrtillin," vegetable extract which Dr. Richard I. Wagner, also of Morristown, had isolated after mulling over many a hundredweight of Maine huckleberry leaves (TIME, April 25). At the meeting of the American Association of Physicians in Atlantic City, May 3, and at 'the convention of the American Medical Association in Washington, May 20, Dr. Allen expects to give more ample reports on "myrtillin...