Word: woolen
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Dates: during 1940-1949
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...quantity of imports to the United States has almost directly correlated with the level of production and business at home. During boom years imports increased, and during slack years, they fell. Above all, the imports of most items have been an insignificant percentage of American consumption of that item. Woolen and worsted imports, for example, have never amounted to 2% of total U. S. consumption, and yet, the American woolen industry is strenuously opposing any tariff rate reductions on woolen and worsted imports...
...crux of the matter is that the American woolen industry and any other American business is prosperous when business conditions at home are good--and then only. America must rid itself of its surplus production through foreign trade if it is to prosper. And America can export only if it accepts imports of approximate value as repayment. Through the medium of the reciprocal trade agreements, the gradual attainment of these conditions has been made possible. The best interests of the nation will be served if the trend continues toward and not away from tariff reductions...
...waited in the big steel practice cage, Dick Clemens didn't look much like a lion tamer. The cage was in his backyard outside Peoria. Dick had just come out of the house in an old felt hat and a checkered woolen shirt. He looked more like a leathery, slow-moving farmer. But that was because you couldn't see much of his hide. He'd been working with cat acts for 30 years and he had scars all over him. Doctors had taken 118 stitches in his back and dozens more in his arms and legs...
...extremes of the earning gamut were two companies that offered plenty of grist for the mills of economic moralists. American Woolen Co., with no big labor, material or reconversion problems, was a startling example of what an economically uninhibited company could do. In the third quarter of 1946, its profits soared to $5,375,000 some 393% over last year's comparable net. So far this year, on common stock selling at only $50 a share, earnings have been a phenomenal...
...French wines ran from vin blanc at $2 a bottle to Bollinger at $8. The supply of Haig & Haig Scotch was limitless at 50? a drink. The Queen Elizabeth's shops had plenty of pajamas, woolen socks, and suits such as Britons have not seen for years. Out to corner the North Atlantic traffic, Britain had spared no expense nor luxury, even if it came out of the stay-at-homes' cupboard...