Word: wool
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...effects from the English home of Czechoslovakia's late Jan Masaryk, lover of life, who plunged to his death from an office window in Prague three years ago, as the Reds were taking over his country. Two of Masaryk's favorite sheepskin jackets, trimmed with fluffy white wool and decorated with black and red sprays of brilliantly embroidered flowers, plus a felt coat and a pillow cover, fetched ?32. Other clothing, including a pair of shoes, three net scarves with lace borders, a child's white skirt and bodice and a lace shawl, brought the total sale...
There were other hitches in the first week of the freeze. In Manhattan, futures trading in rubber, hides, metals and cotton was stopped because nobody knew how to operate under the freeze. Because raw wool and cotton were still uncontrolled, makers of wool and cotton goods refused to take orders. They knew how much they could charge under the freeze -but they didn't know how they could make money at those prices in the future while raw materials soared.* Many a retailer was in the same boat. Said a San Francisco grocer: "I'm selling coffee...
Prices. Frozen at the highest level they reached between Dec. 19 and Jan. 25-meaning, for all practical purposes, a freeze as of Jan. 25. Exempt: real estate, professional fees, publications, broadcasting, insurance rates, transportation fares and rents (plus raw wool and cotton-although cotton goods were frozen...
...teamed up with the World Bank last week to make a foreign loan, the first such cooperative venture in the bank's history. Together, they loaned $80 million to South Africa, which needs more electric power and railroad equipment to supply her rapidly expanding economy, booming from big wool exports and the discovery of new gold fields...
...Botany Mills' President Charles F. H. Johnson stood up and asked: "How can anyone gauge or predict market trends without knowing what bewildering statements will be issued?" On four different occasions, said Johnson, Government spokesmen, by sounding off on Government buying plans which failed to develop, had sent wool prices soaring. Cried Johnson: "Here is a perfect example of inflation by publication...