Word: ib
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This week Mathieson Chemical Corp. announced that its new plant at Lake Charles, La. for the production of hydrazine in tonnage lots has been completed. The price, which was $50 a Ib. a few years ago, will be $2.50 a Ib., and Mathieson hopes to cut it eventually to 50? a Ib. At this price, chemists believe, magic hydrazine will find thousands of important uses...
...more for coffee next month because of frosts which nipped Brazil's coffee trees, damaged up to 80% of the 1954 coffee crop in some areas (see Latin America). Though this year's crop was not hurt, coffee roasters have hiked wholesale prices 3 ? a Ib. just the same, in expectation of higher wholesale prices next year...
Naturally, the dumping has caused prices to crash. Last week choice calves brought 16? a Ib. in Dallas (compared to 30? a year ago), and some cows sold for as little as 5? a Ib. (the alltime low in the great depression: 3?). Said Cleve Littlepage, a Tahoma, Texas rancher one day last week: "I had a little calf born on my place this morning. A month ago that calf would have been worth $35. maybe $40. I've offered it to ten men free and they all turned it down...
...reason the Government has had to buy so much is that cottonseed prices have not been competitive with other vegetable oils such as soybean, peanut and flaxseed. Soybean oil, at 11? a Ib. v. 15? for cottonseed oil, has captured most of the market for margarine, salad dressings and shortening. While lower cottonseed prices might slow down soybean sales, the Agriculture Department hopes that demand for both will pick up. Some bullish factors: 1) the prospect of marketing quotas on the 1954 cotton crop...
...HOUSEWIFE once asked her butcher why he charged 50? a Ib. for hamburger when the man down the street advertised it for 10?. Retorted the butcher: "Why don't you buy your hamburger there?" "I tried to," she replied, "but he was all out." Said the butcher: "Well, when I don't have any hamburger, I sell it for 10? a Ib...