Word: cottone
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Dates: during 1940-1949
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...find out what Japan can make, what raw materials will be needed, and how material imports can be financed. Then, some time this summer, it hopes to lift the ban on private trade. Even then, trade will be strictly regulated, and bulk commodities like tea, raw silk, and cotton goods will still be handled by the U.S. Commercial...
...textilemen are grumbling. The Chinese had expected to have at least ten years to build up their own textile industries before there was any Japanese competition. But of the 12 million prewar Japanese spindles, 2.5 million are now operating, thanks to shipments of 900,000 bales of cotton owned by the Commodity Credit Corp. Some 90% of the cotton goods is being exported to 26 textile-hungry countries, is expected to net $40 million to be applied against occupation costs...
...Surplus Cotton. But the production of "gray goods" (unbleached cottons) has already run ahead of the export demand. Now, with 120 million yards of gray goods on its hands, U.S.C.C. has had to turn to U.S. textile mills for help. Last month, it asked U.S. exporters to buy the cloth and finish it in U.S. mills for export. But with the sellers' market about gone in cotton goods, U.S. textilemen are protesting against the finishing of cloth that may soon be in competition with their own products...
U.S.C.C. may run into trouble on another front. Mississippi's Senator James Eastland recently talked the Army into using only American raw cotton in Japan until at least the end of 1947. Other big raw cotton exporters, like India, one of U.S.C.C.'s best customers for Japanese cloth, are sure to fight for their prewar share of the Japanese market...
High Pressure. "On the floor below is utter confusion. To the left is the big wheat pit. To the right, the corn pit and the smaller oats and cotton pits. In front of them are batteries of desks with phones connected to brokerage houses...