Word: exportable
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Dates: during 1930-1939
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World Significance- European statesmen (including British) have belabored U. S. tariffs as a cause of World Depression, have charged that by curtailing the volume of world trade, U. S. tariffs have helped to make it difficult for Germany and Europe to export enough to pay Reparations and War Debts from their profits. This much is certain: The Runciman emergency tariffs will deal a major blow to the exports of Germany and Russia, a minor blow to U. S. exports (not to mention others), and may throw further out of gear the already groaning mechanism of Reparations and War Debts...
...rate of climb which, if maintained, would bring "Dollar Wheat" by Christmas. All of next year's futures crossed the 70<' line and went beyond. La Salle Street's air throbbed with bullish rumor: Russia was definitely out of the export market; the Manchurian situation meant war and war meant a wheat shortage; U. S. farmers will cut their 1932 acreage drastically; nearly one-third of Germany's crop was ruined by wet weather...
Although the report that Russia would export no wheat for two years was denied, wheat surged upward. On every recession, buying by the public became more apparent. Seats on the Board of Trade jumped from $6,500 to $12,000. Arthur W. Cutten, greatest of living wheat bulls, became almost a national hero; telegrams poured in upon him asking how high wheat would go. He merely said he was bullish, named no prices. But in the public imagination "Dollar Wheat" became something to be achieved, in some places already achieved...
...suggesting a car cartel, M. Citroen said he did not propose to start an invasion of the U. S. market, merely wanted "a binding agreement which would prevent competition in such severe form that manufacturers would suffer." If it should materialize, the cartel would necessitate the formation of an export association in the U. S., could not affect competition in the domestic market...
...Morrow was called in from a nearby golf course. The Senator's sisters, Miss Alice Morrow and Mrs. Agnes Morrow Scandrett, were about to sail for Istanbul that afternoon on the American Export liner Exilona. They rushed to Englewood hastily. Other members of the extensive Morrow family were summoned. Mrs. Morrow herself sent a radiogram to Col. & Mrs. Lindbergh in China...