Word: wooled
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Dates: during 1930-1939
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...Unaffected by 70% nitric, full-strength hydrochloric acids, or by most other acids and alkalis, Vinyon aims to oust cotton and wool from important industrial filter uses...
Sinkiang Province (area: 705,769 sq. mi.; population: 4,360,000), sometimes called Chinese Turkestan, is a fairly rich, comparatively unexploited, thoroughly exotic area. Its principal exports have been wool, camel's-hair, sheep guts, gold, jade, fine horses, Chinese medicinal ingredients (elk horn, saiga antelope horn, bears' paws). The huge province has never been properly integrated with China, and since about 1930, Russian influence has almost amounted to domination. Since economically Sinkiang is already virtually a Russian province, Generalissimo Chiang Kaishek, no lover of Communists, may well have seen the sense of making concessions there...
Died. Julius Forstmann, 68, wool dynast (board chairman of Forstmann Woolen Co.); after long illness; in Manhattan. Belonging to the fourth generation of a woolen family, he early left his native Germany, started a new business in Passaic, N. J. During World War I he told the Senate Military Affairs Committee that Army uniform specifications reeked, drew up new specifications, still in use, thereby won the Certificate of Distinguished Service from a grateful administration. In 1928 Krupp built him the Orion, then largest yacht afloat (333 ft.), and he began making periodic trips around the world, conducting his business...
Last week, for a second time since September1, U. S. carpet prices were raised-a total increase of 10% since World War II began. Big carpet makers, like Bigelow-Sanford, Mohawk Carpet Mills, Alexander Smith Co., wondered where next year's carpet wool was coming from. War and embargoes had wiped out some 75% of the carpet wool supply. Meanwhile, after a deficit year in 1938 (Bigelow-Sanford lost $1,491,000, Mohawk $1,486,000), they stood to make a handsome inventory profit...
Also standing to profit are Argentina and Uruguay, only major producers of carpet wool in South America. Now the U. S. should become their A1 wool customer, which will suit everybody. For the more wool the U. S. buys in Latin America, the more exchange Latin America will have with which to satisfy its needs in the U. S. market...