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...this year. By June 30 Agriculture Department will have an estimated $7.6 billion tied up in price-supported commodities, down from $8.3 billion a year ago. Estimate for fiscal 1958 is still lower $7.3 billion. Reasons: lower support levels (last week U.S. cut supports on eight major crops, including cotton), planting controls, food handouts here and abroad...

Author: /time Magazine | Title: Time Clock, Feb. 18, 1957 | 2/18/1957 | See Source »

...trees "like a very large spider monkey" and has "red hair, red eyes, a blue penis, and blue bones." Of course all this crew is active only at night, when the stars-"which are attached to the sky by a little stalk" -push out their heads, led by Grandfather Cotton (the Southern Cross) and Grandfather Many Things (the Pleiades...

Author: /time Magazine | Title: Books: Under the Blue Derby | 2/18/1957 | See Source »

...Warsaw government wishes to get trade credits here totaling about 100 million dollars at least. It wants these to finance the purchase of urgently needed cotton, modern farm machinery, new mining equipment, fats and oils, chemical fertilizer and grains for cattle food...

Author: By The ASSOCIATED Press, | Title: United States to Arrange Talks On Loan to Polish Government; Israel Continues to Resist U.N. | 2/8/1957 | See Source »

Voluntary Curbs. Some Southern states, irked by Government sales of cotton to Japan at 25% discount, pushed for restrictive state laws to check Japanese imports. The Tariff Commission urged presidential approval of a 100% hike in velveteen tariffs, the highest in 27 years; it began studying higher tariffs on Japanese gingham imports, now 48% of U.S. production...

Author: /time Magazine | Title: FOREIGN TRADE: Textile Compromise | 1/28/1957 | See Source »

...commerce officials tried to work out a compromise. U.S. manufacturers wanted to limit imports to 225 million yds. overall in 1957. Japan held out for its 1955 level of 270 million yds.-half in yardage fabric, half in readymade goods. When U.S. textilemen suggested more Japanese concentration on yardage cotton goods (dominated by more efficient U.S. producers), Japanese Cotton Spinner Spokesman Yasuo Tawa said tartly: "They are giving us broad fishing areas where there are no fish, and shutting us out of narrow seas which are full of fish...

Author: /time Magazine | Title: FOREIGN TRADE: Textile Compromise | 1/28/1957 | See Source »

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