Business & Finance: Shark Shortage

The only bad news from the Pacific last week was the soup-fin shark shortage. After scouring the oceans since the Silurian Age, sharks seemed to be disappearing from the West Coast. The 400 to 500 West Coast fishing boats searching for soup-fin sharks from Seattle to Mexico roamed as far afield as the Navy would let them. But their winter haul (worth over $6 million in a good year) was less than 50% of 1943's catch.

Shark fishing became big business in 1938 when "Tano" Guaragnella, a fin-sharp San Francisco fish broker, sent...

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