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Japanese Spree Ups Wool Cost
Rising Japanese wool purchases push raw wool prices to decade highs, signaling higher fall apparel costs. Hart, Schaffner & Marx president predicts wool suit prices up 10 to 20 dollars. manufacturers increasingly use synthetic blends to curb price. Experts warn real pressure may hit in fall 1974 as sheep numbers remain low and Japanese demand remains strong.
MENTIONED IN THIS ARTICLE
New York
John D. Gray
Hart, Schaffner & Marx
Stanley Blacker
Gray