Word: cottone
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Dates: during 1940-1949
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...helped Japan before this war by furnishing scrap iron and oil and, also, Germany by supplying raw cotton, copper and oil from our surpluses. We are now helping the entire civilized world through lend-lease. We have just celebrated "I Am an American Day." Isn't it about time we exercised a bit of intelligent self-interest in America? William H. Cliff...
...trade also doubts soothing state ments from the Army & Navy that their need for cotton textiles will be no greater than the 4.7 billion yd. - 35% of production - that they and Lend-Lease took last year. Last week's headlines were black with news of new orders for soldiers & sailors (who wear out clothes even faster in foreign service), new Lend-Lease de mands and new buying for the Office of Foreign Relief & Rehabilitation...
...Cotton Spinners. The last assumption is the one that raises eyebrows. Cotton-textile production is a case history in the pitfalls of price control. Cottons are a prime factor in the cost of living, so OPA strove to hold prices down on finished goods. Meanwhile raw cotton, not under ceilings, was imperfectly controlled by the periodic dumping of Government holdings. At the same time labor costs rose 30%. The higher wage levels didn't hold textile workers; they have gone into much better paid war jobs and have been drafted so fast that WMC last month defined them...
Civilians & Cotton. As with every other shortage, greedy civilians, moving in on low prices, made the cotton pinch tighter...
...with every other shortage, the civilian will sooner or later pay for his greed. Just when cotton goods rationing will come depends on whether the U.S. civilian from now on buys from need or from fright. But the best bet is that fright-buying has already gone so far that rationing will come by next fall, even if hoarding stops...