Word: wool
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...slash in the purchase tax on household textiles, other than wool, from 50% to 25%. This would help the Lancashire textile industry, which is in the midst of a serious slump (TIME, April...
...Designer McCardell, garments must have a reason. After shivering on shipboard during a transatlantic trip in a flimsy, French-designed evening wrap she turned out a wrap in tweed. She went skiing, got cold ears, did a wool-jersey hood. After lugging a trunk and five suitcases around Europe, she decided to save space by making dresses in parts, switching the pieces around for variety-a bare top and covered-up top, for example, to be worn alternately with shorts, slacks or short or long skirts. That was one of the fashion world's first important experiments with "separates...
...what CCC bought from U.S. farmers. It offered 375 million Ibs. of butter, was able to sell only 1.4 million Ibs. It offered 20 million bushels of oats, sold only 3.5 million. CCC did not even try to sell its vast holdings of twelve other commodities, including cotton and wool, and wheat, the biggest surplus of all (661 million bushels in inventory). In most cases the reason for holding back was to avoid upsetting world prices or interfering with normal commercial exports...
Luisito, as Uruguayans call Batlle Berres, and his fellow councilors will face grave problems right away. The country's wool is selling well, but its wheat must compete against other countries' surpluses, and its famous herds of cattle have been depleted by drought. The country's left-of-center, welfare-state laws provide subsidies for both wheat farmers and cattlemen, although the public debt is already $387 million-high for a country of only 2,500,000 people. Workers are feeling the pinch of inflation, with prices nearly 2½ times greater than in 1943. Strikes have...
Sales of the standard loomed Axminster wool rugs have declined more than 20% in the last decade, and only the fancier wool grades are gaining in popularity...