Word: wool
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Dates: during 1950-1959
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Even though it is the biggest wool and worsted fabric maker in the world, American Woolen Co. has been badly scared by the textile depression. Its three-block-long mill in Lawrence, Mass., world's largest worsted mill, is running at about half speed, and its 21 other mills in New England are either running below capacity or have been shut down...
Although American Woolen netted $11.9 million in 1951, White said, "it would have been one of the worst years in our history" without Government contracts. High New England state taxes-three times as much as some Southern states-and unstable wool prices are factors, but it is the labor bill that really makes the difference between North and South. Last week, to back up his plan for cutting down the company's labor costs or quitting New England, White and 50 other textile manufacturers asked the Textile Workers' Union of America (C.I.O.) to negotiate new, lower-cost labor...
...dispute had an acute and unfavorable impact all over Latin America. When RFC policy began to hurt Bolivia, every other one-crop country in the hemisphere felt vicarious pain. Chile worried about copper, Peru about tuna, Venezuela about oil, Uruguay about wool, Cuba about sugar. It was not hard to fan nationalist resentment against the hard Yankee trader. Last week Bolivians canvassed the possibility of charging the U.S. with "economic aggression" under the agreement signed at Bogot...
These stylish warm socks come for only $5.90 in half dozen lots or go for $2.50 a pair. This is only one of the fabulous bargains to be found at J. August in the Square. Made of cashmere and wool, here is an opportunity no one can afford to miss. To hold them up we have chosen a pair of garters that are sure to delight everyone including the frustrated mathematician. Not only are they good loking, but they will not dig the leg. They sell for only $2.50 at J. AUGUST in the Square...
...sweater-bar at CORCORAN'S in the Square offers the solution to your Xmas problem; the classic short-sleeved pullover in wonderful soft wool. The one pictured above is a Scotch-Nap creation at $4.95. It comes in natural, yellow, blues, green and other rich warm shades. Corcoran's also offers a large selection of long-sleeved pullovers and cardigans by famous makers. For those with more expensive tastes there are luxurious cashmeres to choose from...