Word: woolens
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Forstmann Woolen...
...take care of everything." The wife lay In a double bed, and she looked desperately weary. But the sheets on the bed were clean. There was a white cloth on the table and flowers in the window, and the baby thrashed around happily in a clean pink woolen suit. There was an electric cooker-"The food from the kitchens has become a great deal worse recently," the mother said-and the clothes were hung neatly in the closet...
...California, farmers who used to buy cheap cars on credit were plunking down cash for Buicks and Chryslers. In Nebraska, a farmer's wife who used to lay out $5 every six months for a cotton dress walked out of an Omaha department store with two smart woolen suits at $89.95 each...
...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...
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...