Word: ib
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...painted DC-3s flying chilled beef to the capital from distant llano towns like Ciudad Bolivar, on the Orinoco, and San Fernando de Apure. This week work was expected to start on another slaughterhouse at Barinas. Already caraqueños found llano meat in the markets at 27? a Ib. Last spring they had paid three times as much...
...although OPA Boss Paul Porter guessed "at or near June 30 levels." But lamb feeders, cut off from a $36 million Government subsidy, were sure their product would have to jump at least 5? a lb. Beef feeders, still smarting under similar subsidy treatment, figured 1#162; a Ib. Meanwhile, meat producers frantically rushed their crops to market (see BUSINESS...
...reasons:1) quarantine restrictions keep them out of most European countries, which grow a good many potatoes anyway; 2) in overseas shipping, handling costs and spoilage run high; 3) dehydrated potatoes cost about 25? a lb., as compared to 5? or 6? a Ib. for wheat...
Until June 30, OPA had held the price of cattle hides to 15½? a Ib. When ceilings came off, U.S. hide prices raced to catch up with world prices, went as high as 27? before the old ceilings were clamped on again 25 days later. Despite OPA's interim warning to buyers, 900,000 hides were bought in the hectic free market...
Many a chain store, anxious to cash in on good will rather than quick profits, tried to hold the line. In the Midwest the giant Kroger chain (2,688 stores) boosted its prices on meat and butter only the amount of the lost Government subsidies: 7? a Ib. on beef, 15? on butter. But Kroger's able, friendly President Joseph B. Hall sadly admitted that the company has taken heavy losses in these items to hold the line even this much. It was also having a hard time replacing its depleted stocks at ceiling prices. Unless there was overall...