Word: wool
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...Denver last week one angry wool grower suggested that the easiest way to dispose of the 850-million lb. stockpile of foreign wool now clogging U.S. East Coast warehouses would be to stage another Boston Tea Party, chucking the foreign wool into the sea. Cooler heads recommended that the Government-owned stock of 200 million lb. of domestic wools be used before the imported stockpile is drawn upon. But everyone at the National Wool Growers Association meeting agreed on a hope that somehow the enormous surplus might be shipped abroad when war ends and the European textile industry is rehabilitated...
...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...
...Argentine people like to call themselves democrats, but so far they have merely laughed up their sleeves at the strutting Colonels, made no attempt to kick them out. One reason is that Argentines are so well off that nothing their Government does seems important. Their wheat, meat, linseed, wool, hides, tannic extract, and dairy products are snapped up by the United Nations at fancy prices. The figures are secret, but most of the food goes to armies in Europe and civilians in Great Britain...
William Collard died last week in the British village of Storrington, Sussex. He was 75, balding, a wool merchant. For 30 years he dreamed of a tunnel under the English Channel...
...Occasional outbursts scorch and blacken the countryside, but they always have a limited objective. In some sectors remote from the heart of Free China, the Japs and the Chinese even, fraternize at arms' distance. Chinese and Japanese officers sometimes share fabulous profits from the smuggling of tungsten, cotton, wool, tin, tung oil, U.S. bank notes. Chinese divisions in the war-quiet areas operate their own factories and farms, direct their energies toward a stable military economy. The Japanese rarely molest them. These activities cannot be judged by Western standards; they are the natural consequences of a long, stalemated...