Word: silks
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Dates: during 1930-1939
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After this function the King and Queen retired to the Citadel apartment surrendered to them by Governor General Lord Tweedsmuir, who is benched while the King is in Canada. There the King changed from his Admiral's rig to cutaway and silk topper (the Queen not bothering to change) for the first of a long & indigestible series of official luncheons and dinners. This one, at the Château Frontenac, served up lobster tails, grilled breast of chicken and a Grand Marnier soufflé which neither the King nor the Queen accepted. This instance of royal distaste...
...station in cutaway & silk hat drove Franklin Roosevelt, beaming. "It's wonderful!'' said he to Major Ernest Brown. Washington's police superintendent. "It's a great turnout and I am so pleased...
...January 6 a bale of silk (132¼ Ibs.) in Japan cost 840 yen ($229). On March 2 the price hit 1,080 and the Japanese Government stepped in and stopped trading for a few days. Nonetheless, the price climbed to 1,195 yen ($325) on April 19, stood last week at 1,160. When this 40% price rise began, the small group of U. S. branded hosiery makers (such as Gotham and Phoenix) which control their resale prices had already announced their spring prices. For fear that unbranded rivals would undercut them, they did not raise prices and continued...
...Japanese 1938 crop (July 1-June 30, 1939) was 12½% under that of the year before. Meanwhile in the U. S. a ribbon fad and hosiery boom boosted silk consumption 13% in the ten months ended May 1, 1939 over the same period a year earlier...
These two facts do not fully account for the tightness of the squeeze. Figures for raw silk consumption in Japan show about a 20% increase which has been attributed to the fact that Japan has restricted cotton (and partially restricted wool and rayon) to army use only. But Japanese production of finished silk goods has declined, suggesting that Japanese: 1) may be hoarding silk as a hedge against inflation, or 2) deliberately creating a shortage in order to boost prices and make a killing before new synthetic silks start to compete in the U. S. market...