Word: cottoned
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Dates: during 1950-1959
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...Cotton Cloth. The tunic tradition goes back to Flavia Helena, wife of Roman Emperor Constantius Chlorus (he is said to have picked her up in a Balkan tavern during one of his campaigns) and mother of Constantine the Great. Converted to Christianity about 312, Helena later journeyed to the Holy Land, went to Calvary, and (wrote St. Ambrose 70 years later) "had excavations made, the debris cleared away and unearthed three crucifixion trees huddled together and covered with mud . . . She also set out to look for the nails which had pinned the Lord to the Cross and found them." Chronicler...
...discovered inside the altar of the Trier Cathedral's west choir; it was walled up again until Easter 1512, when German Emperor Maximilian demanded that it be shown. What he saw was a simple, loose silk shirt about five feet long. But on closer look, a woven cotton cloth, believed to be the tunic itself, was found enfolded between layers of silk...
Nosing down are U.S. shipments of aircraft (foreign lines are waiting for the jets), cotton (buyers are holding back for a price cut expected later this year), coal (Europe has a big surplus). Dropping also are exports of machinery and steel, cars and oil, for the same reasons that U.S. imports of them are steaming up: the foreign products are plentiful, low in price and of good quality. Comparing the first halves of 1958 and 1959, U.S. imports of electrical apparatus, electronics parts and transistor radios went up from $72 million to $96 million, imports of industrial machinery from...
...sustained U.S. trade imbalance ahead. But no one foresees the big, fat trade surpluses that the U.S. long enjoyed -$6.5 billion as recently as 1957. At best, says Under Secretary of State C. Douglas Dillon, exports will rise $1 billion in the next year, led by lower-priced U.S. cotton and the new jets. These new realities of world trade have moved the Administration to take a sterner view of foreign nations that still jealously preserve high tariffs and import quotas against dollar goods long after the need is past. At next month's annual meeting of the World...
...Samuel Maurice McAshan Jr., 54, moved up from vice president to president of the world's biggest cotton dealer, Anderson, Clayton & Co. of Houston, replacing Harmon Whittington, who retired under pressure at 59. McAshan, an Anderson, Clayton regular since he left Princeton ('27), is described by Founder Will Clayton, his father-in-law, as having "the quickest mind and greatest curiosity of anyone I've encountered." The shift marks a return to power of courtly, fiercely competitive Will Clayton, 79, onetime U.S. Assistant Secretary of State, who retired as chairman of Anderson, Clayton in 1950-only...