Word: silk
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...heart of the Southern textile belt, the Loray Mill of Manville Jenckes Corp. announced that its employes had petitioned to continue work. At Charlotte, N. C., union leaders held what amounted to an old-fashioned Southern camp-meeting, with mighty prayers for success. In Paterson, N. J., silk textile workers announced that they would strike in spite of the fact that their contract with manufacturers forbids a walkout without first consulting the Industry's Industrial Relations Board...
...last sprint began. Bird-Lying-Down carried the precious chamois bag. A crowd gathered at the South Gate of the White House grounds. Wearing loin cloths with disklike reflectors fore and aft, as protection against motor traffic, the 14 braves entered and jogged up the walk. In the silk-walled Blue Room the President received the naked Indians and the three kernels of corn inviting him to attend the peace celebration of the Six Nations at Fort Niagara on Sept. 3. He shook the Redmen's hands and said that he was sorry but he thought he could...
...long ago John Speculator was talking hopefully of "dollar wheat." Last week wheat was $1.15 and the new watchword was "dollar corn." Rubber, which sold as low as 3¢ per lb. in 1933, was up last week to a four-year high of 17¢. Silk on Manhattan's Commodity Exchange had the busiest day in months. Cotton hit 14¢ per lb. for the first time since 1930. With few exceptions the raw "things" which the U. S. finds essential to its well-being were in high speculative favor. The number of citizens eager to swap dollars for salable goods...
...last week, native growers all along Africa's west coast rejoice. The fact that tin is being held tight by a tight-fisted cartel at 52¢ per lb. means steady employment in Bolivia, Siam, Nigeria, Dutch East Indies and the Malaya States. When silk rises from its Depression low to its price last week of $1.20 per lb., Japan can and does buy more scrap steel from the U. S. Sugar at 2¢ per lb. for the first time in four years may in time permit the U. S. to regain a $150,000,000 Cuban export market, now almost...
Furthermore, rising prices for domestic cotton have weakened its competitive position against wool and silk. Wool and cotton prices are in approximately the normal relationship of the past 20 years but to raw cotton prices must be added the $21-per-bale processing tax, giving wool a vast advantage. Silk prices are only one-fifth of their 20-year average; cotton prices (exclusive of processing tax) are above. These facts may be a mystery to the U. S. housewife, but her resentment at rising prices for cotton goods is no mystery at all. Despite "cotton weeks'' and other...