Word: baling
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Dates: during 1950-1959
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When it comes to taking goods in return, the Chinese are far more efficient. As a shipment of 4,500 tons of South American cotton arrived at a Chinese port recently, U.S.-trained Chinese inspectors swarmed over it, carefully grading each" bale. The Chinese are tough and unbending in trade negotiations, often cancel contracts for no obvious reason. Said a Frenchman who packed his bags and returned home from Red China without a franc's worth of trade: "The atmosphere is decidedly bad for doing business...
...Thailand, purchases of cigarettes made from U.S. tobacco jumped from 7,000,000 to 14 million in a month. Lately cotton consumption has risen 12% in France, 11% in West Germany, and 20% in Japan following trade-fair promotions. Industry sources believe the current 5,700,000-bale foreign market can be boosted to 8,000,000. Says the Cotton Council: "If we could get world cotton consumption per capita up to anywhere near U.S. consumption there would be a world cotton shortage...
...slips a wedding ring on her finger, by way of keeping the territorial priest happy. With the help of native labor, a rich tobacco crop springs from the land, and Actress Greco gets noticeably productive herself. But the natives go off on a binge instead of liftin' that bale, and she loses the child while a crocodile looks on gloomily. Why should a stillbirth transfix a crocodile? It must have been the bright lamplight, reasons Todd, and with this invaluable clue, he soon bags himself enough crocodile skins to keep the handbag industry going for a year...
...Canton. The Japanese admitted that Chinese underselling had "destroyed" Japan's newsprint and grey cotton sheetings exports throughout Southeast Asia, now threatened to undermine Japan's markets in soybean oil, cement, structural steel, window glass. In Jakarta, Indonesians were snapping up Chinese yarn at $390 a bale, $25 cheaper than Japan's yarn. In Thailand, Japanese cotton piece goods had been virtually driven from the market by Chinese prices, which were as much as 15% lower. Other Red bestsellers: bicycles, sewing machines and scented cotton prints. Even in strictly anti-Communist South Viet Nam, where border guards...
...each of the 26 foreign cities on its eight-week grand tour, the Philadelphia Orchestra carried calling cards: presentation copies of the Declaration of Independence. And by last week the Philadelphians also carried a bale of rave notices. From London to Moscow, the pride of Philadelphia was the toast of Europe-an extraordinary experience even for a U.S. orchestra that has few peers anywhere in the world...