Word: wool
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Dates: during 1940-1949
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...Agora (1906-09), Agudath Kimah (1920-23), Anti-Wine Society (1837-43), Aureus Ramus (1825), Lemonade Club (1844-58), Chitty Pleading Club (1874-75), Deipnophatoi (1815), Eranetic Club (1829), Free Wool Club (1889-91), Friendly Fire Society (1833), Hard Cyder Club (1755), Mixolydian Quintette Club (1875-76), Monks of the Flagon (1848-56), De Schwatgenide Brudorschaft (1885-86), Society to Discourage Perpetration of Crimes (1793), Star Chamber (1873-74), West End Crowd (1864). Ydel Cruth (1860), Wicht Club...
...Defense Supplies Corp., through the National Wool Marketing Corp., last week began unloading its portion of the null stockpile of foreign wools stored in U.S. warehouses. Despite the suggestion of some of the more feverish U.S. woolgrowers that the enormous stock be tossed into the sea in a modern version of the Boston Tea Party the liquidation was conducted along orthodox lines. With great dignity N.W.M.C. held a two-day auction in Boston, sold 23 million Ib. of wool at prices below the cost of homegrown wools. In Salt Lake City, the National Wool Growers Association was grimly...
...wool growers' anxiety was understandable. The wool was imported, mainly from Australia and South Africa, to protect the textile industry against uncertain supplies. Woolen cloth production had spurted; the demand for wool jumped from 650 million lb. in 1941 to over 1 billion lb. in 1943. Since U.S. wool production is only 450 million lb. a year, heavy imports and a comfortable stockpile were necessary. But despite record consumption the stockpile of wool still remains large enough to supply the entire U.S. textile industry for a full year at its anticipated 1944 rate of production...
...wool stockpile problem at Denver last week was only a forerunner of many other and much larger problems that will result from the monstrous stocks of raw materials and finished goods in Government warehouses when war ends. The woolgrowers' nightmare is a sudden end of the war, which will scuttle prices if the foreign wool is dumped on the market. Old-timers in the West have not forgotten that prices plummeted to 17? a lb. after the last war ended...
...long as military orders for woolens continue to flood the mills, the wool growers are safe. For military orders specify domestic wool. The Commodity Credit Corporation purchased the 1943 domestic clip at ceiling prices, and is unwilling to sell its wool for less. As a result the growers have already lost the civilian market. Textile manufacturers, forced to keep their prices in line with OPA ceilings on civilian goods, cannot afford to pay $1.18 a lb. for home-grown wool, 65% higher than the prewar price. Instead they are buying imported wool, which despite a tariff of 34? a pound...