Word: hundredweight
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...Alice-in-Wonderland economics of potatoes. It had burned potatoes, given them away for school lunches, let them rot, virtually given them away for making alcohol and flour-all at enormous cost to taxpayers and consumers. But as long as the Government supported the price of potatoes ($2.70 a hundredweight to Maine growers) farmers kept on raising more high-priced potatoes than consumers could afford...
...broke up a Communist group in a meatpackers' union. During the milk strikes of the early 1930s, he walked into a meeting of angry farmers, warned that he would prosecute any violence, but offered to represent them without a fee. He got milk prices raised 30? a hundredweight...
Near Goodell, Iowa, Farmer Albert Sheriff walked out among his herd of fine, fat swine. Three weeks ago, he could have got $27.50 a hundredweight for them; now hogs were down to $19.50. Said he: "I rode the market up and made money, and I'll ride it down. I think the break is good for the country...
This week, the cap started coming off the biggest item in the average family's budget: food (see NATIONAL AFFAIRS). In the livestock market, hog prices this week dropped $2 to $22.50 a hundredweight, lowest in a year. Consumers waited for cheaper pork. The sympathetic break in hides, fats and oils, and cotton suggested possible future reductions in the prices of shirts, shoes and soap...
There was plenty of action in the smaller rings. The price of hogs went up to an alltime high of $30 a hundredweight, almost double the price of five months ago. Many another commodity edged up enough to shove Dun & Bradstreet's weekly index of wholesale food prices to a record high. Some metals rose too. Lead went up 1? to a new high of 14? a lb.; copper worth only 14 3/8? under OPA ceiling rose to 21? a Ib. Silver, which had sagged to 70? a Ib. in February, now somersaulted...