Word: productions
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Dates: during 1920-1929
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Because no patents are obtainable, Packard is guarding its new product until it can get into production and thus "get the jump" on the rest of the industry. To that end the company has already started a special 300,000 sq. ft. factory and scheduled future production. And in anticipation of new profits Packard motor car stock last week began ascending...
Discrepancies might have been accepted without loud complaint had the House tariff-makers ceased their activities with Schedule VII (Agricultural Products). But tariff-making is the oldest U. S. political game next to taxation. Every U. S. producer claims special consideration, paints a terrifying picture of his ruin by cheap foreign competition. Under insist ent pressure, the Ways & Means Com mittee as usual broke, gave ground, widened tariff revision to include many a nonagricultural product. It was these other increases which chiefly distressed the farmer...
Blackstrap. The close interrelation of Industry and Husbandry is clearly set up in the case of blackstrap?a by-product of molasses and cane sugar, used chiefly for making industrial alcohol. The present duty on blackstrap is about ¼¢ per gallon. The new duty would average between 1¼¢ and 2¢ per gallon, depending upon the sugar content. Farm groups forced this increase on the Ways & Means Committee by the argument that a higher levy on this imported article would turn the alcohol manufacturers to domestic corn as a base for their product...
...have no intention, if raw molasses becomes more costly, of making more alcohol from corn than they now make. Blackstrap is far cheaper than corn. Manufacturers predict they will continue the use of blackstrap, meeting the tariff boost by adding about 5¢ per gallon to the cost of their product. The farmers will pay these additional pennies (which they forced upon themselves) when they paint their barns, buy medicine, put anti-freeze in their cars...
...Worts, Ltd., of Canada, shareholders approving a three-for-one split-up, with rights. Hiram Walker is, of course, famed as whiskey-maker. U. S. interest in the split-up was keen in Missouri, whose Congressman Leonidas Dyer recently purchased Hiram Walker stock without knowing the nature of the product and sold, precipitately, at a loss, when the horrid truth became evident to him. Congressman Dyer talked of suing the Manhattan Curb to get back his lost money. Had he not been so hasty in disposing of his "tainted" certificates, he might have had a profit on his transaction...