Word: exporting
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Dates: during 1950-1959
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...that idea, the State Department's Inter-American Affairs chief, Roy Richard Rubottom Jr., says "unwieldy and unworkable." Nor did Dulles mention specific solutions, but Washington heard talk of such stabilizing devices as export and import quotas, buffer stocks, revolving funds to buy up surplus commodities, production controls. More ideas seem likely to be a major result of Vice President Nixon's trip through South America, scheduled to start next week...
...EXPORT-HUNGRY CANADA, hoping to ease wheat glut and dependence on U.S. trade, will make hard sales pitch to Red China. Canada recently closed first big wheat deal (1,700,000 million bu.) with Red China since Korean war, now wants to step up sales of lumber and chemicals, boost exports to China above the $55 million yearly level attained during pre-Communist days...
...producers, who export less and are not quite so worried about Russian competition, have not retrenched as much as Aluminium. Reynolds is operating at 95% of capacity, and expects to add 112,500 tons additional capacity this year. Kaiser, running at 90%, recently brought in half of its new 145,000-ton Ravenswood plant, has deferred inauguration of the other half. Alcoa has postponed ail of its expansion plans, dropped its operating rate to 75%, "barely enough to keep the pipeline filled...
...Irish government will buy a site, build a plant for him, train his workers and pay half the cost of plant equipment. Elsewhere, Ireland will grant two-thirds of the cost of the plant up to $140,000. In addition, foreign enterprises will be freed from income taxes on export profits for at least five years, excused from 67% of local property taxes for at least seven years. Dublin will guarantee that U.S. companies can send home all their profits in dollars...
...Paul C.Smith, 49, onetime president of the Crowell-Collier Publishing Co., was named vice president and treasurer of American Export Lines. Smith, who worked in banking before he turned to journalism, resigned from Crowell-Collier after the directors folded its magazines in December 1956 (TIME...