Word: cottons
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Take a look at Walker Evan's pictures of rural Alabama homes during the depression. It is the same here. Small children play in the front yard near the rusting skeleton of an auto chassis. Old people sit on the sagging porch. The others are chopping cotton in the nearby fields, wearing broad hats to keep off the sun. Long rows of cotton and corn lurch unsteadily in the waves of heat. When a car passes the dust seems to boil up off the dirt road and settles everywhere...
...goes to market abroad, compared with 8% of the nation's industrial output; last year U.S. meat exports alone rose 36% . Japan ranks as the biggest customer, followed by Canada and Britain. As West Germany's biggest agricultural supplier, the U.S. ships not only such staples as cotton, tobacco, wheat, canned fruit and poultry-but even 30% of the hops for Germany's beer...
Foxes & Friendship. Using commerce as a toe hold, Peking has established trade missions in Mexico and Chile. Last year Mexico sold an estimated 500,000 tons of wheat to China, plus 22,000 bales of cotton; a 500,000-bale deal is pending for this year. Chile is selling nitrates and a small amount of copper. Roving teams of Chinese businessmen have bought wheat in Argentina, arranged to sell some textiles in Haiti. But so far Latin Americans have generally bought little. U.S. estimates put Chinese sales to Latin America at only $25 million last year...
...making money?). Though Osaka recovered from the war's devastation more slowly than Tokyo, it has picked up enormous speed in recent years. With adjoining Kobe, its port ships 41% of Japan's exports, is a center of shipbuilding. Its factories have diversified from traditional cotton spinning into electronics, chemicals and precision machinery. Its stock market is studied as Japan's most accurate economic barometer...
...spinner and weaver and the creation of a sprightly textileman named P.Y. (for Ping Yuan) Tang. Last week Tang, 65, was negotiating with Britain's Imperial Chemical Industries and another Hong Kong spinner to build Hong Kong's first dyeing and finishing plant for processing blends of cotton and synthetic fibers. Tang expects to increase his production 15% this year, and his 2,000 employees work three shifts round the clock in his 18-acre, air-conditioned plant...