Word: cottons
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Dates: during 1930-1939
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...textiles. Not content with tying up or bothering, to a greater or lesser degree, the coal industry, the steel industry, the automobile industry, the shoe industry, and a number of other industries. Mr. Lewis has now turned toward the 1,250,000 workers involved in the manufacture of woolen, cotton, rayon, jute, and other clothing goods. Eighting northern as well as southern manufacturers, John demands a minimum wage of eighteen dollars, four dollars higher than N.R.A., a maximum hour week of thirty-five hours, and recognition of the C.I.O...
...imports of Japanese cotton goods in 1933 were only 1,115,713 yd. In 1934 they were 16,000,000 yd. In 1933 they were 36,000,000 yd. and in 1936, 75,000,000 yd. Compared to the total volume of Japanese exports, 2,725,109,000 yd. in 1935, this tidy increase was negligible. It was also negligible compared to the total annual U. S. production of about 7,000,000,000 yd. But underlying these figures were two facts which gave U. S. mill owners cause for uneasiness. The first was that Japanese exports...
...could have been so happily qualified to do something about Cotton's prospect as was Claudius T. Murchison when he succeeded George Sloan as president of the Cotton-Textile Institute in November 1935. North Carolina-born, he understood King Cotton as only a Southerner can, knew well that the U. S. sells more raw cotton to Japan than to any country in the world. After teaching economics for 13 years at the University of North Carolina, he was appointed director of the Bureau of Foreign & Domestic Commerce by President Roosevelt in 1934. He sat in with State Department officials...
...house in Georgetown one day to smoke a pipe with his old friend. Assistant Secretary of State Francis Bowes Sayre, onetime trade adviser to the King of Siam, later a criminal law professor at Harvard. Level-headed Mr. Sayre and long-headed Dr. Murchison agreed 1) that the Japan Cotton Spinners' Association, whose members own 98% of Japan's 11,000,000 spindles, was powerful enough in itself to make a binding agreement; 2) that both the Japanese and the U. S. Governments would be delighted by a private settlement in which the pomps of diplomacy were...
...Occidental rapidity in less than ten days. Between entertainments of feudal courtesy and visits to the great clean mills of Osaka, they persuaded the Japanese textile barons to call an immediate halt on U. S. business, establishing as the quota for this year just 155,000,000 yd. of cotton piece goods, exactly the amount of business booked for U. S. delivery three days preceding the agreement. The surprisingly tractable Japanese further agreed that the situation in 1937 was abnormal, accepted a quota of 100,000,000 yd. for 1938 with the option of transferring not more than one-fourth...