Business & Finance: Commodities
Last week, the U. S. Government revealed statistics vital to producers of many a commodity. Among them:
Dragon's blood. Prized in varnishes, pharmacy, 12,034 lbs. of dragon's blood were imported in 1911; 58,000 lbs. in 1923. As not everyone knows, dragon's blood is a red resin oozing from the ripe fruit of East Indian, Moluccan, Siamese palms.
Snuff addicts "dip" or "sniff" four lbs. a year, apiece. Thus far in 1928, one-tenth of the population of the U. S. has consumed 41,000,000 Ibs. In 1880, one-fiftieth consumed 4,000,000 lbs. American Snuff Co. stock has slowly climbed from 85 in 1920 to 110½ in 1928.
Turkeys. Commercial hatching, benignant weather, have made the Thanksgiving crop 4% larger than in 1927.
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