Word: raws
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...November, Britain and France agreed to hold hands economically as long as the war lasts. Last week, just to make sure, they joined themselves with silver handcuffs. The earlier agreement was to cooperate in the general fields of munitions, raw materials, economic warfare, oil, food, shipping. Last week's agreement covered the commodity which controls all those fields-money...
...Cotton goods prices paralleled raw cotton prices (up an average...
...retail sales will boom before production declines under inventory pressure. But there was an additional reason for textile activity: England, needing burlap for sandbags, has virtually cleaned out the Calcutta market since the outbreak of war with orders so far totaling 1,000,000,000 bags. The price of raw material for burlap is up from ?18 ($84.24) a ton in August to ?88 (about $344.96). Supplies for the U. S. are limited, not likely to last long. Textile companies are selling low-grade, rough cottons to replace burlap sacks...
...check to obtain the cash. Bank loans are not, of course, a direct measure of inventories [because they are also used for plant expansion, payrolls, etc.], but they are an excellent gauge of the trend of inventories, for businessmen customarily borrow when they lay in larger supplies of raw materials, customarily pay off their loans when they let inventory run off. In order to keep purely financial transactions from unduly influencing the Index-which aims to reflect general business, not merely financial conditions-the turnover component for financial centres like New York and Chicago is kept separate from the turnover...
...been fresher, cleverer, more original; several Cole Porter shows have had wittier lyrics, catchier tunes. But as a splendiferous version of regulation musicomedy Du Barry Was a Lady is all there. Its costumes are gorgeous, its goings-on boisterous. Its wit is almost nil, but its wisecracks are raw as a cannibal sandwich, suggestive as a red light burning in the hall. Bert Lahr is at his best-which is good enough. Ethel Merman is at her best -which is tops...