Word: exportations
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Dates: during 1930-1939
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...commodities were booming. The basis for this boom, as for better stock prices, was the calculation of the funds which foreign Governments have for purchases in the U. S. Belligerents who have defaulted on U. S. loans cannot borrow in the U. S. in ordinary ways, but the Export-Import Bank has funds that it can lend to exporters of U. S. products. Last week RFC announced it would be glad to help...
Seattle: Wharves were clear but no bottoms were available at a time when lumber and logs, wheat and flour, canned salmon, apples, should soon be moving. (Apple shippers were grim; Great Britain. Germany, France take all their exports.) It looked as if Seattle's $1,000,000-a-day export trade would be reduced to a trickle...
Part of this trade is what the U. S. stands to lose, but the loss will probably be concentrated in goods which have already taken an export beating. Agricultural exports were 36% of pre-Depression. Of smaller post-Depression total exports, agricultural exports are down...
...export peak the U. S. exported 16% of much less production than World War II would stimulate. If war comes, and the U. S. is in it, exports are not likely to take this much of production...
...year's cotton crop is estimated (as of August i) at 11,412,000 bales. Average U. S. consumption (1928-38) is 5,919,000 bales. So a bad situation seemed certain to grow worse. If Europe fights it may grow still worse, for war normally reduces cotton exports. The only means now available for reducing the huge cotton surplus is the use of $50,000,000 appropriated by Congress for export subsidies (with its aid Henry Wallace wishfully hopes to get exports back to 6,000,000 bales). Last week Columnist Hugh Johnson roared...