Word: woolen
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When American Woolen Co.'s President Moses Pendleton rose before his stockholders in Springfield, Mass, last week, he was wearing such a long face that the stockholders braced themselves for bad news. It came fast enough. The company's new orders, Pendleton reported, had sagged by mid-March to $11 million, less than one-sixth their 1948 level. As the news reached Wall Street, a wave of selling dropped American Woolen's stock 6⅛ points to 28⅝, the lowest since...
...weird creature looked like a bad dream. Dark hair curled dankly almost to his shoulders, and he smiled slyly out of a dirty white face. It was a wintry day, but he was barefooted. He wore long woolen underwear, an outlandish, oversize, red flowered sunsuit and, over it all, two tattered girl's dresses...
...American Woolen Co.'s mill in Riverside, R.I., all the workers knew quiet, unassuming old Albion R. Allen. He had worked up from odd jobs at $6 a week to boss dyer at $60 a week. If he had never made a lot of money, he had always managed to save some of what he made. He bought a home and lived comfortably-by himself, after his wife died. Some of his friends heard that he also dabbled in the stock market, but taciturn old Albion never talked about it. Last July, at 72, he died...
...high prices had already cut the sale of worsteds, and there seemed small hope of sizable price reductions as long as wool prices stayed up.) In San Antonio, F. Eugene Ackerman, executive director of the American Wool Council, warned U.S. textile men that synthetics might displace high-priced woolen fabrics...
Despite rising costs, woolen fabric makers were talking price cuts; clothing manufacturers, whose goods were not moving well at the present high prices, had cut back orders. Cotton cloth prices were already down; grey (unfinished) goods were back almost to 1946 OPA levels...