OCR Text |
Show BITS O' BUSINESS Wool stockpiles fill the warehouses. Commercial stock in the U. S. a-mounted a-mounted to about 850 million pounds (greasy basis) at the end of 1945, or a two-year supply. Great Britain has a surplus of about four billion pounds, as much as the world produces in a year. Foreign wools undersell iiome-grown fleece despite the import duty .... Cotton presents a different story. The prewar surplus sur-plus which worried the government govern-ment shrank during the war years. Estimates are the surplus will be less than two million bales by mid-year, in contrast to 11.4 million bales in 1939. July j 31 supplies will probably be only 7.2 million bales against 11.2 million mil-lion a year age .... The scramble to buy South Texas sorghum grain four months before harvest time reflects the livestock feed scarcity. Buyers are contracting to pay the ceiling price "whatever "what-ever it is" at time of delivery . . . The Veterans Administration wants GI remployment rights clarified. They are contained in the Selective Service Act which expires May 15 ... . The travel jam continues with reservations for airways, railroads and hotels still difficult to get less than 10 days in advance. |