Word: wooled
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Dates: during 1930-1939
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Specializing in quick turnover at low prices, Hearn's is probably the cheapest of Manhattan's big department stores. For every customer from Park Avenue, there are 100 from Third Avenue who crowd into Hearn's to buy wool overcoats at $10, dresses at $2.99, neckties at 39¢. But in two years President Levin has run up Hearn's sales from $5,000,000 to $10,000,000. Last week he confidently predicted that for 1934 they would be $15,000,000?nearly a fifth of the gross sales of Macy's, biggest U. S. department store...
Furthermore, rising prices for domestic cotton have weakened its competitive position against wool and silk. Wool and cotton prices are in approximately the normal relationship of the past 20 years but to raw cotton prices must be added the $21-per-bale processing tax, giving wool a vast advantage. Silk prices are only one-fifth of their 20-year average; cotton prices (exclusive of processing tax) are above. These facts may be a mystery to the U. S. housewife, but her resentment at rising prices for cotton goods is no mystery at all. Despite "cotton weeks'' and other...
...wrote Mr. Doane, "in order to supply our population with barely one-half a new garment each, we were forced to import more than one-half billion pounds of wool and cotton, to say nothing of other fibres. And had we then had the mechanical capacity to supply two full garments each we would have been forced to increase our supply of cotton, either by additional importation or cultivation, by a full five billion pounds; and our wool by more than one billion pounds, which means an increase of six times our present number of sheep, and an additional...
...talk with a steward made him wonder. The Wills Gold Flake (cigaret) factory at Bristol pleased him. But the suburbs of Birmingham he found "beastly," and the benevolent despotism of Cadbury's cocoa factory at Bournville depressed him. Cutting through the Cotswold Hills he came on Chipping Campden, medieval wool trade centre, now a carefully preserved Arcadia, and Broadway, whose fame as a pretty village has attracted swarms of bright young people "in gamboge and vermilion sports cars...
Nine-cent copper was preceded by the broadest buying in months (see p. 56). Cocoa trading (5½? per Ib.) was the heaviest of the year. Hides were strong, and sugar hit a four-year high at 1.88? per pound for May futures. Wool was inactive at 90? per Ib. Silver trading has slowed to a practical standstill since announcement of a proposed 50% tax on all profits derived from sales of bullion to the Government, and the price has hung around 45? per ounce. Side by side with climbing commodity prices this spring has been an expanding public interest...