Word: lard
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Last week the Department of Agriculture, having canvassed hog-farmers in its semiannual survey, announced its best guess for 1939: a six-year record of about 83,000,000. Three days after the estimate was announced, July lard futures fell to 5.7? per pound, a five-year low. Average hog prices in Chicago, which last month hit a five-year low ($6.02½ per cwt.) will not feel the 1939 crop until this fall when pigs farrowed this spring begin to go to slaughter. Chief beneficiaries of the booming pig population: the corn farmers, 40% of whose product will...
...months ago a petty issue-appointment of a doctor named Adrian Martens to the Flemish Academy of Medicine-cut through Belgian politics like a hot knife through lard. Patriotic War Veterans objected to Dr. Martens' appointment on the grounds that he was 1) a mediocre medical man, 2) one who had worked during the War to split the Flemish districts from the rest of Belgium and set them up as an autonomous State. Soon the Flemish-Walloon issue had all Belgium so divided that King Leopold dissolved Parliament and ordered a new election...
...time the election was held last week, external pressure had molded the lump of lard back into one solid piece. Belgians were so frightened by what happened to an internally weak Czecho-Slovakia that they crowded to the polls to elect a Parliament of unity, moderation, stability. Most extremist parties lost seats while the moderate Liberals and Catholics gained. Socialists lost more than a quarter of their strength, and the fascist Rexists were almost completely wiped out. Even Eupen, Malmédy and Saint Vith, supposedly ardent pro-Nazi districts nearest Germany, voted 55% nationalist and anti-German...
...give-&-take affair. Last week, for example, a spokesman for the new German-American Chamber of Commerce of the Pacific Coast pointed out that German purchases of U. S. dried prunes and apricots had dwindled from 33% of the total exported in 1929 to 8.8% in 1937. And the lard dickerings demonstrated how U. S. farmers are suffering from the drop in German trade. In pre-Hitler years Germany often bought as much as 30%, of U. S. lard exports; last year Germany bought only 7%-and last week U. S. loose lard was at the lowest price in over...
Although Germany now needs lard desperately and the U. S. has a glut, it was by no means likely that a deal could be arranged. Last week several packers announced that they would sell their lard for cash only...