Word: embargo
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...Agitated in the steel trade last week was an embargo on exports of scrap-iron and steel, which is now selling at about $23 per ton, more than 50% above the price a year ago and the highest quotation since 1923; and sending up the price of domestic steel production. In steelmaking, scrap is as important a source of raw material as iron ore. So heavy is the movement of scrap to U. S. seaports that many a railroad has had to refuse further shipments until their yards are cleared of present congestion...
...discretion which the President is allowed and the possible repercussions which might result from a vigorous application of the proposed laws. As soon as the President declares a state of war or civil strife to exist a number of very definite commercial and financial drawbridges are raised: an automatic embargo on exports of arms, ammunition and "implements of war"; curtailment of all loans to belligerents; prohibition of any Americans to travel on the vessels or aircraft of warring nations; and perhaps most important, the provision that all American claims to any materials whatsoever, intended for a belligerent country, must...
...Argentine business" that bothered Mr. Mitchell is an unratified sanitary convention to replace the present embargo on Argentine meat, promulgated ostensibly to keep out foot & mouth disease. The sanitary convention would admit meat from uninfected Argentine districts instead of considering the whole country under a foot & mouth quarantine...
...give. Chief difference was that the Roosevelt voice cloaked them with an aura of statesmanship. He mentioned that he would ask Congress for quick action to extend the expiring life of certain authorizations and powers (for example, RFC lending), to modify the Neutrality Act in order to provide an embargo against arms shipments to Spain, to pass a deficiency bill (to provide for Relief). He ticked off recommendations and reports on many subjects: Reorganization. "I find that this task of Executive management has reached the point where our administrative machinery needs comprehensive overhauling." Housing. "Many millions of Americans still live...
Christian M. Lauritzen '40, last speaker for the negative said, "An embargo on munitions is totally inadequate, and is more likely to get us into war than keep...