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This newspaper page contains 8 articles. Subscribers can read the full text of each article.
Newspaper
Denton Journal
Location
Denton, Maryland, United States of America
Date
Sep 30, 1949
Page
8
Across state and county fairs nationwide livestock remains a leading attraction. Advances in selective breeding and scientific feeding have improved meat animals, benefiting farmers and ranchers with higher cash income. Packers, counting about 4000 nationwide, influence the market by preferring top grades for quality dressed meat.
The American Meat Institute urges meat packers to save pituitary glands used to produce a new hormone for arthritis and related diseases. Over 40 hospitals and universities are researching the drug, produced in a major meat packing lab, with 25 000 hog glands needed for one ounce. Production is limited and shipped to research centers.
The profit experience of a large multi state food chain shows only 1.34 cents earned per dollar in the first 24 weeks, meaning even with no profit customers would save about a penny per dollar. Department and variety stores show similar tiny gains, with many operating losses.
A 1948 case study shows a leading power utility paying wages totaling 36.9 million and taxes of 36.1 million, matching government receipts to worker pay. A major manufacturer then allocated 37 cents of every dollar to workers, 5.7 cents to taxes, and 3.1 cents to dividends, with further tax impact on shareholders and employees. The article argues the government gains far more than shareholders, challenging calls to socialize private utilities.
A column argues that government price controls in Britain raise costs, limit competition, and boost profits for officials. It contrasts this with a free market where competition drives lower prices and broader abundance, noting smaller retailer profits now than during the OPA era and widespread scarcity under control.
A report notes there are about 250 000 gasoline service stations nationwide, more numerous than post offices or drug stores, with additional figures indicating 17 (text incomplete).
The piece notes the rise of service stations as central to American mobility, highlighting one station per 164 vehicles, widespread access to quality fuels, and the oil industry’s role in delivering affordable lubricants and gasoline. It frames the service station as a symbol of enterprise and progress over 90 years since Pennsylvania’s first well.
The World Bank IMF talks spotlight Britain's dollar squeeze as Marshall Plan aid to end in 1952. John H Williams argues devaluation of the pound may be needed to restore competitiveness, while critics blame high taxes and welfare costs for eroding productivity and incentives.
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