Word: exportations
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Dates: during 1940-1949
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Ships. For the Mediterranean run, American Export Lines ordered two 20,000-ton passenger liners with air-conditioned cabins and the latest safety devices (radar, automatic steering controls, radios on life boats). The ships will be built at Bethlehem Steel Corp.'s Quincy, Mass, yards. Under a stepped-up program of shipbuilding subsidies (TIME, Aug. 2), the Government will pay $20 million of the $46,830,000 construction cost...
Last week the sobersided Department of Commerce explained: "For some time . . . evidence had been accumulating . . . that abnormally large shipments of water closets were moving into export channels." Commerce had discovered that exporters seemed to be shipping more cast-iron water closets (which require no export license) than manufacturers were making, suspected that many of them were really shipping vitreous china water closets (which, being in "tight supply," do require licenses). Last fortnight's raid clinched it. "Really," said a Commerce official "there has been a hell of a big leak...
Grain Prices. Despite the prospect of improved crops abroad, the U. S. Government raised its 1948-49 grain export goal to a near-record 450 million bushels, 20% more than six weeks ago. Skidding grain prices did a quick turnabout, with wheat at one time rising as much as 3? a bushel, corn rising...
...foreign exchange in a year. Wool, the chief commodity Uruguay could sell directly for dollars, was not so plentiful in Uruguay in 1947. Now she has a bumper wool crop and a wheat crop big enough to pay off earlier borrowing from Argentina and leave some wheat for export...
...days later, Moore-McCormack Lines, Inc. offered to invest $20 million in two new speed liners for its South American runs, to cost a total of $50 million or more. This week the Maritime Commission is talking over similar proposals with American President Lines, American Export Lines, Grace Line, Farrell Lines and three smaller companies...