Word: silk
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...short, India, where the pre-war average male wage was less than $30 a year, is enjoying a war boom, and the sight of an untouchable smoking a big cigar and wearing a silk shirt is perhaps no dream of the far future...
...power were enough to scare many U.S. businessmen-to say nothing of Japanese businessmen-last week. In combination with similar British and Dutch weapons, it might lay the Japanese economy low in six months (see col. 2). But it also had a kick that would jar 200,000 silk workers in the U.S. (see below...
...Francisco, its radio silent and its whereabouts unknown, the Japanese liner Tatuta Maru lay in wait early this week-unwilling to land until it was sure its cargo would not be seized as a result of U.S. freezing orders (see above). The cargo: $2,500,000 worth of raw silk, which a special train waited to take to Eastern mills...
...Tatuta Maru was a symbol of the recoil the U.S. would have to brace itself for if President Roosevelt chose to fire his new economic weapon. The U.S. last season got only 18% of its silk from China and other minor sources, all the rest (273,711 bales) from Japan. Loss of this supply would mean i) an epidemic of bare or lisle-clad shanks, 2) abrupt dislocation of the U.S. hosiery industry (97,000 workers), 3) lesser repercussions on many another U.S. clothing manufacturer...
...Philadelphia, whose hosiery mills gross $25,000,000 a year, the American Federation of Hosiery Workers stopped wage negotiations with manufacturers, turned its attention instead to asking Washington to speed up production of nylon (now supplying 18% of U.S. hosiery needs), mercerized cotton, rayon, other silk substitutes...