Word: exporting
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Dates: during 1950-1959
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...Secretary of Agriculture Ezra Taft Benson kept selling what he could sell, and giving away the rest. In three years more than 600 million pounds were donated for welfare use (e.g., school lunches) at home and abroad, and some 300 million pounds were sold, some at reduced prices for export. Last week Benson announced the startling results of his efforts: the U.S. Government is fresh out of surplus butter, will go into the peak milk-producing season beginning April 1 without an unsold pound on its shelves...
...Eisenhower Administration's flexible price support system earlier (TIME, March 19), the Senate adopted a two-price system for wheat, permitting the Secretary of Agriculture to support at 100% of parity wheat grown for domestic food, while the rest of the crop (for livestock and for export) is supported at lower levels, or seeks its own price on the open market. By a margin of one vote it revived a two-parity formula that will raise support levels for corn, wheat, cotton and peanuts. The one-vote margin for the two-headed system came from West Virginia...
Flap in Manhattan. The press was also in a flap in Manhattan, from where Grace and her party (between 60 and 70) will sail April 4 on the American Export Lines' S.S. Constitution. Reported Herald Tribune Columnist Hy Gardner indignantly: "Miss Grace Kelly ordered the ship's officials to deny first-class privileges to the press and to keep them confined to cabin class . . . four to six to a cabin." The New York Post's Earl Wilson wrote that five reporters had canceled their bookings in a huff. Uneasily the line admitted that Grace had indeed requested...
...apparent dwindling of exports to practically nothing, and the great drop in imports from the 1947 level, which was not itself substantially high, resulted from the previously mentioned factors of controls, Soviet demands, and business reticence. United States export controls stem from the Export Control Act of 1949 and the so-called Battle Act of 1954 (a product of the Korean War), which call for licensing controls on most non-consumer goods, and embargoes on most non-consumer goods destined for the Soviet bloc. In August, 1954, the embargo list was shortened slightly to put tighter control on a smaller...
...addition to U.S. export controls and Soviet purchase demands, the reticence of American business plays a significant part in keeping U.S.-Soviet trade negligible. This reluctance results partly from public opinion, from lack of commercial representatives here and abroad, from the generally recognized instability and undependability of trading with the Soviet bloc, and from an unencouraging government attitude...