Word: jute
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...program consisted of nine scheduled pieces and seven extras. They ran in seriousness from a brassy Overture to Tannhauser to Selections from Kiss Me Kate. Curiously enough, the most popular number by far was an extra entitled Classical Jute Box. This consisted of a little Wagner, Tchaikovsky, Liszt, and Put Another Nickel In all played more or less simultaneously. It is always amazing how the members of this orchestra can carry on a rigorous concert schedule all winter, change their name and style of playing two days after the Symphony season ends, and then, begin the nightly and unrehearsed Pops...
...Delhi, while Parliament clapped and cheered, India's Commerce Minister Kshitish Chandra Neogy proclaimed an embargo forbidding Indian coal shipments to Pakistan. It was retaliation, said Neogy, for Pakistan's embargo on half a million bales of raw jute bought by Indian dealers last summer and still undelivered...
...Europe, groaned and devalued by 12.3%. Among the holdouts were Switzerland, Italy and Pakistan, but all of them faced trouble exporting their goods at the old exchange rates. Few were in the monopoly position of Pakistan, which seemed to have decided that India could not get along without Pakistani jute and cotton and would have to pay at the pre-devaluation rate for them. (India promptly raised cries of "blackmail...
Demand for Work. India's cities teemed with unemployed, her factories were producing less steel, less cotton cloth and less jute than before independence. Prices were three times as high as in 1939. Last year India imported 2,200,000,000 rupees ($665 million) more than she exported ; she was deep in debt for the balance. Said Nehru in his Independence Day message: "Criticism and self-criticism are always welcome provided they do not take the place of work. Today, India demands work from her children...
Last year the Amazon produced 8,800 tons of jute, almost half of what Brazil used (for coffee bags). At 16? a pound, jute from the Amazon yielded a return of over $200 an acre...