Word: cottons
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...each night, frantically dial a number and say: "Hello, FBI? There's a policeman hanging around in front of my house." Virginia's Senator Harry Byrd is nightly impersonated in a minstrel show, puts on blackface and sings: "How I love to pick old massa's cotton." But "the thing I like most," adds Byrd, "is to take this off and be a white man." He tries-but the black will not come away from his face...
...textile industry last week laid before the Tariff Commission a country-by-country quota-protection program to offset the flood of foreign cotton imports. Bruised by competition from abroad, domestic cotton manufacturers recommended that each foreign country be limited to the volume of its 1955 cotton exports to the U.S. Otherwise, U.S. textile producers will be placed in the position where they will have to establish overseas plants to take advantage of less expensive foreign manufacturing facilities...
Millowners claim that such protection is necessary because they are unable to compete with cheap foreign labor, are also being undercut by the U.S. Government, which sells surplus raw cotton to foreign manufacturers at cut-rate prices in order to meet world prices. Domestic producers cannot buy this surplus on world cotton markets, are compelled by law to purchase artificially supported U.S.-grown cotton, which sells for 8? per pound more. This has helped foreign textile products to undersell domestic cloth goods, foreign textile manufacturers to increase textile exports to the U.S. by more than 550% since...
...complaints of the textile industry threaten to split the Administration on the problem of the State Department's free trade stand v. the Agriculture Department's farm price supports, which encourage farmers to grow so much cotton that the huge surplus must be dumped on the world market. Last week the Department of Agriculture, which by law must make the U.S. cotton surplus available to world markets at competitive prices, asked the Tariff Commission for an 8? per lb. duty on cotton imports. Such a tariff would make up the gap between the low cost of raw cotton...
...suits their purpose, e.g., "postponement"' of credits to Yugoslavia after the split with Marshal Tito. Often the terms of Red aid packages are such that underdeveloped nations are shortchanged. The Russians tacked artificially high price tags (in rubles) onto the goods they bartered in return for Egyptian cotton. Then they resold the cotton to West Germany, Switzerland and other regular Egyptian customers, at a 10% discount...