Word: cotton
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Dates: during 1960-1969
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Finally, the Administration hopes to achieve a hefty saving on dealings in cotton. Last year U.S. textile firms reduced their cotton inventories drastically; the Commodity Credit Corp., therefore, had to buy up abnormally large quantities of cotton under the Government's price-support programs. In fiscal 1964, the Administration presupposes, the supply of cotton will decrease (because of a reduction in cotton acreage allotments) and the demand will increase (because of a pending Administration bill that would, in effect, lower the price of cotton to U.S. manufacturers). Accordingly, the Administration hopes to shrink cotton-support outlays by $200 million...
...Squawk. In Kensett, Ark., where Mills grew up, his father was one of the most prosperous men in town, owner of a busy country store that sold everything from horehound drops to horse collars. (Mills's mother, 77, still helps run the store.) Later on, Ardra Mills acquired a cotton gin and an interest in the local bank. Wilbur worked in the store during his boyhood, but early in life he was struck with awed admiration of William A. Oldfield, the bouncy, genial Congressman from the district. In his travels around his constituency, Oldfield frequently visited Kensett and stopped...
...Bard Inc., Murray Hill, N.J., $20,000; Sterilon Corp., Buffalo, $15,886; Richards Manufacturing Co., Memphis, $14,000; Orthopedic Equipment Co., Bourbon, Ind., $13,000; Clay-Adams Inc., N.Y.C., $5,457; Warren E. Collins Inc., Boston, $4,855; Taylor Instrument Co., Rochester, N.Y., $4,650; Acme Cotton Products Co., N.Y.C., $4,000; E. Leitz Inc., N.Y.C., $2,880; Birtcher Corp., Los Angeles, $970; J. H. Emerson Co., Cambridge, Mass., $450; Tecumseh Products Co., Tecumseh, Mich., $200; George P. Pilling & Co., Philadelphia...
...China's masses last week had much in common with the subjects of the famous fairy-tale emperor: everybody was talking about new clothes, but nobody could actually see them. After three years of bad cotton crops, the annual cloth ration has shrunk to as little as 2½ ft. per person in some regions-"just enough," said one refugee, "to patch our rags." So severe is the shortage, according to the official Peking People's Daily, that "clothes hospitals" are making "short-sleeved shirts out of long-sleeved shirts, a vest out of a short-sleeved shirt...
...insect blights for cutting the ration from a manageable 20.65 ft. in 1957 to its present handkerchief size. But Red China's frayed look also owes much to a deliberate decision by its leaders. "When the bad crops began in 1959," explains one Western expert in Hong Kong, "cotton and cloth was one place where you could squeeze the people." Peking squeezed hard, cutting back cotton acreage at least 20% so that every spare clod of earth could be sown to grains. The result: China's 1962 grain harvest was up 10% to 182 million metric tons, while...