Word: wool
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...Index of 28 spot prices jumped 4%. By Sept. 5, when England and France were in, these speculative prices were up 14% over August's average, by Sept. 22 they were up 27%-to a World War II high. The sharpest rise occurred understandably in import necessities: wool tops up 50% in two weeks, shellac up 74% in three. The more representative all-commodity index, reflecting industrial as well as raw commodity prices, reached a peak at 79.5, up only...
...blockade had cut off more than 80% of Italian imports, 90% of imports of oil and fats. The cotton reserve would be exhausted by the end of 1940, rubber and wool shortly thereafter. The price charged by Germany for coal hauled across the Alps made heat a luxury...
...Turkey's ex port trade, regarded her as an essential source of supply. As a result of the new agreement the British Empire may replace Germany as Turkish customer No. 1, and in return for tobacco, farm products and minerals it will supply machinery, railway equipment, cotton, wool. Not mentioned but probably included in the agreement was a substantial credit to Turkey...
...choices. It could let the price go up-say, to 14?. That would bring another 100,000 tons of driblets into the market from higher-cost mines. The chief pressure in behalf of this cause came from the Mountain States, which have already used pressure to get silver, wool and sugar profits with Government aid, have done handsomely by themselves in Washington. The chief argument against it: a 2? price increase would add $48,000,000 (for 1,200,000 tons) to the U. S. economy's copper bill next year...
...real, native-spun yarns for tweeds. It is because he has known the mysteries of the notch lapel, the peak lapel and the semi-drape lapel. . . because he has heard tales to the effect that side-vents were originally made for grouse shooting, and has dreamed of fine virgin wool that has been stored on the wharves of Glasgow for over seventy-five years. But, most important of all, it is because he originally had the funds to invest in these dreams...