Sentence:  Of the various kinds of woollens, the cheapest appear to be those which are known by the names of ‘bluett,' ‘<WSD>russet</WSD>,' and ‘blanket.' ... The second appears to have been almost uniformly an inferior article; but the third is the cheapest of all. The first two terms point to the colour of the stuff, blanket being undyed stuff. It seems that sometimes <WSD>russet</WSD> is understood to be cloth made from black wool. 
Meaning of the word marked with <WSD> tags:  A coarse, reddish-brown, homespun fabric; clothes made with such fabric.