In its boldest move to date, OPM last week marched into the U.S. silk industry, became sole holder, buyer and seller of raw silk. Then it stopped all processing of raw silk (except on Army & Navy orders), put an end to all silk transfers from warehouse to mill.
Reason for this extreme action was to hoard all U.S. silk supplies for military use (chiefly powder bags and parachutes). At month's end visible supplies were 47,000 bales. Last week the crack Japanese liner Tatuta Maru, after much legal backing & filling, unloaded its 5.568 bales on San Francisco docks (see...
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