Word: exportable
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Dates: during 1930-1939
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...Business, the Soviet's good friend, hustled to Washington. Representatives of Amtorg, International Paper and the foreign shipping companies fairly swept Mr. Lowman off his feet with categorical denials that any of Russia's 1929 pulpwood had been produced by convict labor. Soviet officials in charge of the Russian Export Trust cabled that the pulpwood workers were free "to leave any time at their own will," that they were paid a set scale of wages and were in no sense convicts or prisoners. Witnesses belittled Russian imports as an economic menace...
...general Soviet order for use of convicts in the lumber industry; 2) affidavits of escaped prisoners from a lumber camp. It developed that the "escaped prisoners" were not from the pulpwood forests along the Dvina River, but from the island of Silesky, 1,200 mi. away, where no export timber is cut. Mr. Lowman, it appeared, had never studied Russia's geography very closely...
...manganese ($6,050,839), platinum ($3,612,464), sausage casings ($2,675,595). Hard and soft Soviet lumber totalled 38 million feet, compared with U. S. production of 33 billion feet; 113,000 tons of Soviet Anthracite against U. S. production of 75,000,000 tons. In an export trade of $107,651,000 to Russia, the U. S. shipped $29,000,000 worth of cotton, $20,000,000 worth of farm machinery. Last week International Harvester increased its Milwaukee plant 50% to handle a big Soviet order...
...Peter A. Bogdanov, thickset, blue-eyed, bearded Amtorg board chairman. He explained the history of Amtorg? founded in 1924 as a U. S. concern owned by the Soviet Bank of Foreign Trade. In six years, he said, it has bought $580,000,000 worth of U. S. goods for export to Russia, secured $30,000,000 in credits from U. S. banks. Its trade had declined lately as a result of world outbursts against the Soviet's anti-religious program (TIME, March 10) and attacks upon it by Mr. Whalen. A Russian revolutionary since 1905, Comrade Bogdanov said...
...Chilean legislature and already agreed to by 91% of the producers, the Chilean government owns 50% of the trust's 300,000,000 shares. The Guggenheim interests, which dominate Chilean nitrates as they dominate Chilean copper, will hold the largest block of the remaining 50%. The present export tax on nitrate, which brought in $30,000,000 revenue last year, will be abolished, and the government will take dividends instead. This will probably mean less revenue for the government, lower overhead For the producers, who must cut prices to meet synthetic competition...