Word: cottone
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Dates: during 1940-1949
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Many a Congregational church (see cuts) now contains stained glass, a rood beam, candles on the altar, other High Church trimmings that would have sent Cotton Mather on a witch hunt...
Farm prices have stolen a backward march on Leon Henderson, have declined without waiting for a ceiling to be clamped on them. Wheat last week was down 15? a bushel from the 1942 high; corn, 5?; rye, 28/5 soybeans, 27?; cotton, 2?: a pound; eggs, 4? a dozen...
Actually the decline in major farm prices is just as much a result of Government action as the freeze in the cost of living. Wheat, corn, rye and cotton were all phony prices in the early part of the year, were supported by political loans at 85% of a zooming "parity" and the hope of bigger loans to come. When the Administration froze parity (by freezing other prices), and spread the word that it would not boost loans still higher, speculators ducked out of those commodities in which the Government is holding huge surpluses off the market...
...burlap shortage, which had U.S. bag-users hot & bothered months ago, was no longer a worry last week. Reason: cotton-and paper-bag production had zoomed fast enough to plug the entire gap. Cotton bags are just as good as burlap; the only catch is that they cost 10-25% more (17? for a cotton potato bag v. 15? for burlap...
...better, have landed the great bulk of all uniform orders. Last week WPB promised to give 20% of that work to I.L.G.W.U., and I.L.G.W.U. has little interest in fighting for much more against another union which is better trained for heavy uniform work anyway. What it is really after: cotton uniforms, nurses' wear, powder bags, field jackets, Mackinaws, cartridge belts, parachutes...