Word: woolen
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Dates: during 1940-1949
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...warning signs are already out. As dress factories in New York and woolen mills in New England close down, manufactures report that buyers are holding back orders, waiting until the last possible moment to take advantage of price trends. Business men talk of halting production so that an artificially created goods shortage will keep prices up. But this approach makes even less sense than the removal of price controls did last year; for the present reluctance to buy is not based upon a surplus of goods but upon a surplus of the wrong kind of goods. Making liberal allowances...
...Maynard, Mass, the American Woolen Co.'s Assabet Mill, world's largest producer of woolen and worsted goods, closed down last week for the first time in eight years. It called the shutdown "an Easter vacation." In Atlanta, the Atlanta Woolen Mills Co. also shut its main branch. But it put no sugar coating on its reason: "We closed because we did not have enough orders to keep going...
They were by no means the only ones. In recent weeks, more than 20 woolen mills employing some 3,000 workers had been forced to close in New England alone. Thirty more were operating on three, four, and five-day schedules, and many others were curtailing production. Said a veteran New England textile man: "We are over the hill and on the downgrade...
...almost like the old days when Howie Morenz roamed the ice, and the loyal hockey fans, who called themselves les millionaires, sat in the Montreal Forum's cheap seats, wearing white woolen caps, drinking whiskey blanc and chanting piously, "Les Canadiens sont là" (The Canadiens are right in there). Now the cheap seats had gone and with them les millionaires, but Montreal showed last week that it still knew how to encourage its heroes...
...Grundy had founded P.M.A. 38 years ago and dedicated it to the principle that what is good for industry and Republicanism is good for the state and the country. To Uncle Joe, who was an industrialist himself (as owner of Grundy woolen mills), political contributions were "investments" which paid off with favorable legislation. At his call, P.M.A. members had contributed untold millions to G.O.P. campaigns...