Business & Finance: Wolf! Wolf! on Wool

Rationing of woolens for civilians may not be necessary despite the year-long cries of "Wolf! Wolf!" Since the Truman Committee clamored for an inventory of Army textile stocks, the Quartermaster Corps decided last week to clamp a brake on its buying. For four months, beginning September, woolen mills will be permitted to cut their scheduled Army production by as much as 50%. (The Army orders are deferred to the first part of '44.)

This temporary reconversion may result in a windfall to civilians of as much as 24 million yards of woolen and worsted fabrics, some of it for pre-winter-rush delivery.

But the...

Want the full story?

Subscribe Now


Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!