Word: downes
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Dates: during 1930-1939
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If Europe goes back to peace, last week's crisis will also leave an indelible mark on the U. S. economy, forcing agriculture to recognize that its continental market is gone. The new German-Russian agreement ends hope of the U. S. regaining its lost German markets for cotton...
At stake in all these calculations is only a fraction of U. S. business. In 1937 the U. S. exported 7.8% of its production of movable goods; in 1938 (when domestic production was down) 9%; this year it is probably running around 8%. In dollars it amounts to about $3...
Part of this trade is what the U. S. stands to lose, but the loss will probably be concentrated in goods which have already taken an export beating. Agricultural exports were 36% of pre-Depression. Of smaller post-Depression total exports, agricultural exports are down to 27%.
Three years ago Phoenix became interested in Loft, Inc., a $10,000,000 Manhattan candy-&-restaurant chain. It lent Loft some $600,000. It also dug into its strongbox for collateral on which Loft borrowed another $400,000 in bank loans, further backed up by Phoenix' endorsement. For such...
In Palo Alto, Calif., San Francisco's Dr. Edna H. Fisher described to a Pacific Science Congress how an otter eats a clam. Description: after catching a clam the otter dives to the ocean floor, picks up a hefty rock, rises to the surface, floats on his back, balances...