Word: silkmen
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Like the oilmen, the silkmen desire a limitation of production agreement. Last year a monthly average of 94.5% of all broad looms were in operation. Huge surpluses of finished silk are stacking up in warehouses. Buyers are holding back, waiting for a price break. Like the oilmen, the silkmen need Government acquiescence in an agreement. But the government, much though it might like to, is too tangled up with anti-trust legislation to help or acquiesce in either oil or silk plans (see National Affairs...