MARKETS: Silk Squeeze

On trays in millions of Japanese homes last week the lower jaws of billions of fat worms were steadily spinning filaments of silk. This valuable regurgitation has gone on in Japan for centuries but rarely has it been such a source of interest to the outside world. For in the next few weeks enough cocoons will have come to market for the silk industry to estimate the size of the 1939-40 crop. And upon that size depends: 1) the immediate outcome of the, tightest U. S. silk squeeze in history, 2) the fate...

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