Word: exportations
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Dates: during 1930-1939
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...Wilcox last week sailed from Manhattan for Europe to do something about the prime paradox of U. S. farming-that farmers are poor because they produce so much. Vice President of Federal Surplus Commodities Corp., Francis Wilcox is one of Secretary of Agriculture Henry Agard Wallace's export experts...
...past the ruined English mole into Tangier, into Oran and Salonika and Jaffa and many another exotic port, push a string of fat-bellied, black-hulled, matter-of-fact ships with extravagantly alliterative names (examples: Excalibur, Exochorda, Exeter, Excambion). Most have proud six-foot letters on their hulls - AMERICAN EXPORT LINES. Their fore-and after-kingposts, surrounded by a cluster of loading booms like umbrella ribs, point ambitiously to the sky. For two years, American Export's President William H. Coverdale has also been pointing ambitiously skyward: he wants to start an airline to the Mediterranean and Black Seas...
Last week American Export's owners pulled off a stunt almost as daring as William Coverdale's plan. To finance the air service, they launched a $924,000 common stock issue in Wall Street, where money for the soberest of schemes has lately been scarce. A Lehman Brothers syndicate, which offered the 88,000 shares at $10.50 apiece, called the flotation "successful...
...year's low, consumption at the year's high. Foreign orders for rearmament last month were 137,298 tons, highest ever. In the U. S., rearmament plans capped a business revival. And so by last week the domestic price had climbed to 11.25? a pound, the export price...
...agreed tonnage. Despite this deterrent, prices continued to rise. Last week the cartel removed all restrictions on production, thus dumped a potential 30,000 tons per month more copper on the international market. This time the U. S. price pulled up short at 11.25?, the export price fell...