Word: exportable
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Dates: during 1930-1939
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...Sovietland. It would also give Russia greater bargaining power in international oil meetings. Last week Russian scientists announced not one such new field but three, all strategically located in the Ural mountains, all prodigiously rich. Production from these fields, they said, would free all other Soviet oil for export. Because the revelation came hard upon an international oil parley which collapsed when Russia would not accept offered terms (TIME, June 13) oilmen accepted it with reservations...
...last week's statement he hammered away at his well-known formula for Relief: 1) expansion of R. F. C.'s credit to $3,000.000,000 to help States finance self-amortizing public works and to aid the Farm Board with its export commodity loans; 2) a home loan discount Dank system "to stimulate from $500,000,000 to $1,000,000,000 of construction work"; 3) joint committees of industry and finance in every Federal Reserve district similar to the Young Committee in New York "for the organized application of the credit facilities now available...
Last week was not so dark but the picture was parallel. Gold withdrawals continued, came to $152,000,000 in ten days. Foreign exchanges remained above the point where it was profitable to export gold. Stocks were all at new lows, the bondmarket dropping in a manner terrifying to bankers, insurance companies and all investors. Then overnight there came a change in the domestic if not the international picture. Bonds soared and the stockmarket churned upwards after twelve weeks of almost steady declines...
...Senate last week continued its long wrangle over inserting tariff provisions. Oil and coal duties had been adopted. Log-rolling logic and gentlemen's agreements now necessitated doing something for lumber and copper. Nebraska's Norris tried to break in with a revival of the Export Debenture to benefit farm products, insisted that some form of farm aid must go into the bill if tariff features were being added. He was brushed aside by a vote of 46-10-23. Lumber was voted (36-10-24) additional protection of $3 per 1,000 board feet. Copper was given...
Going on to defend the professional coaching under the old system, Stevens maintained that the paid coach is an export, that he has to know his job, and finally, that so far they have proved satisfactory. Also under the new program, if Yale were not to scout the teams which scout her, an extremely embarrassing and unjust situation would arise...