COMMODITIES: Wool Surplus

In Denver last week one angry wool grower suggested that the easiest way to dispose of the 850-million lb. stockpile of foreign wool now clogging U.S. East Coast warehouses would be to stage another Boston Tea Party, chucking the foreign wool into the sea. Cooler heads recommended that the Government-owned stock of 200 million lb. of domestic wools be used before the imported stockpile is drawn upon. But everyone at the National Wool Growers Association meeting agreed on a hope that somehow the enormous surplus might be shipped abroad when war ends...

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