Business & Finance: Codfisherman

Largest employer of labor in Gloucester. Mass, is Gorton-Pew Fisheries Co., Ltd. Its plants, stretching along Gloucester's busy waterfront, turn out such fishy products as ready-to-fry codfish cakes, ready-to-use codfish, clam chowder, haddock chowder, flaked fish, haddock fillet, cod liver oil, fish meal.

Like all food companies, Gorton-Pew faces lower selling prices. Tinker mackerel, haddock, cod and other piscine products sell at about half what they did two years ago. But like other food companies Gorton-Pew's faith is buttressed by the knowledge that people must eat. And in many a U. S. home...

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