Word: silk
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...campaign to get more hosiery manufacturers to put the union label on silk stockings, the American Federation of Hosiery Workers (C. I. O.) last week featured a full-page advertisement in the Knit Goods Weekly, showing Hollywood Star Jean Parker, sleek limbs sheathed in stockings stamped with the union label. The caption: Movie Stars Demand Hosiery Union Label. (Actresses June Lang, Arleen Whelan will decorate future ads in other trade journals...
...daily. They have taught him not to take life seriously. Most of them come from women, and they are on subjects on which Sughrue is least prepared. Although happily unmarried, his manner is one which invites confidence in all shopping crises. He is looked upon as an expert on silk underwear particularly, and hats and gloves less often. Few questions are asked about food, but Sughrue admits that he is singled out continuously for directions to the best bar. Road advice can be aggravating, but he loses his temper only rarely at out-and-out stupidity...
Some branded silk hosiery used to cost only 79?. But almost the only ones at that price now have cotton tops and toes. For no stocking-maker can long sell pure silk hose for 79? if the price of raw silk is much above $2 a pound. Year ago January, when the price was as low as $1.83, Japanese silk speculators started a squeeze. Raw silk climbed fast all year (TIME, Nov. 6), last month stood at a ten-year high...
...nationally as well as it sells in Wilmington, Japan stands to lose something like $10,000,000 of her purchasing power in the U. S. Japan's sales to the U. S. in 1939's first eleven months were $142,280,250, of which some 65% was silk...
Last month the Japanese Government stopped pretending the silk squeeze was an act of God, ordered banks to stop lending for speculation and scared silk dealers by hinting that they might soon have to report all their transactions. Down tumbled the price of raw silk, sold last week in New York City at $3.17½ per pound. Best guess is that when raw silk costs $3, silk yarn and nylon yarn cost about the same. Thus, to compete with long-wearing nylon, silk will probably have to go lower than $3. Nothing would encourage nascent nylon more than...