Word: raws
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...Bonar Law in calling a general election. Throughout, Mr. Baldwin based his protectionist policy on empiricisms calculated to prove that his policy was the only one which was capable of ameliorating the hectic economic troubles of the day. "We know how many industries depend on partly manufactured goods and raw materials ; we shall take no step without consultation with those industries. If any monopolies result they will be monopolies at home, and we can deal with them." More remarkable than his policy was the improved tone of his oratory. No longer did he stress his inability as a phrasemaker...
...utility. Would it be useful for Italy to recognize the Russian Government? I think it would. I, therefore, say to Russia: 'The Italian Government recognize your power, but you in return must do even more; you must give us a good commercial treaty; you must furnish us with raw materials...
...begun to show activity from revived programs of shipbuilding, tin plate orders are good, and the Japanese government has bought large amounts of steel for rebuilding its devastated areas. This, coupled with the unabated movement for domestic construction, has been especially cheering to the steel trade. Thus far, the raw material lines of the industry, especially in coke, have been the only ones to experience real depression...
...starvation. They are starving. They are also in a state of bankruptcy and economic chaos, while under-nourishment and tuberculosis are doing their work upon children and adults alike. American and European relief work has been nobly forwarded, but it is essential to ship food and clothing and raw material upon credit to Hamburg--and this not by private enterprise only, but as an international undertaking of the first order. Otherwise we may look to see the tragedy of a whole nation...
...than we had last year at this time, and consumption for 1923 may exceed the 12,000,000 bales estimated. On the other hand, the high retail price of cotton goods has already caused a partial buyers' strike, which of course cuts down consumption by spinners of the raw bale cotton. While mills will continue to buy even at present high prices, neither they nor the jobbers and retailers will stock up, in order to avoid being caught with the high-priced goods in a declining market. Lower cotton prices must come, however, mainly through increased production, which...