Word: meats
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Dates: during 1950-1959
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...partial closings "black weeks"). In Cleveland, the Koblenzer packing house has closed. Said its president: "Last month we killed 740 cattle and lost $6,700. They've taken my surplus, but they aren't going to get my capital. I'll sit till hell freezes over." Meat controls had created such a mess that even top Office of Price Stabilization officials were talking last week of abandoning them...
Steaks on the Hoof. The paradox is that the U.S. is short of meat when it has more beef on the hoof than ever before in its history. By year's end, there will be an estimated 90 million cattle on the ranges v. 1945's alltime peak of 85,573,000. Yet, because of OPS snarls, 10% fewer cattle are now being slaughtered than last year. And despite record meat prices, packers, who traditionally make only 1? on every $1 of sales, can hardly break even (Armour lost $1,600,000 in its latest quarter...
Ease & Squeeze. Last week OPS tried to ease the squeeze on meat handlers,, and, as usual, only succeeded in tightening it. OPS permitted a 1? a Ib. wholesale boost. At the news, livestock prices rose enough to cancel out the gain...
...industry had ever thought controls would work without rationing. Now, since meat prices have been going up under OPS while many other prices have been stationary or dropping, everyone from cattleman to retailer thought it was time to dump controls-and get the vast supply of meat on the range to market...
Married. George A. Hormel II, 23, heir to the Hormel meat-packing fortune ("Spam") founded by his grandfather; and Leslie Caron, 18, French-born ballet dancer (An American in Paris); in Las Vegas...