Word: exports
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Dates: during 1920-1929
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...Station and the famous Hell Gate Bridge. To this veteran, Mr. Coolidge confided his plans, or, rather, suggestions. At one stroke the President suggested that it would be possible to alleviate two of the major troubles now afflicting the country. He asked: 1) that freight rates on wheat for export be lowered to facilitate disposal of the wheat surplus abroad; 2) that freight rates on coal to Northeastern states and coal destined for Canada be equalized. (The President understood that coal shipped to Canada paid less freight charge than coal shipped to cities in this country, but immediately adjoining...
Meanwhile it is understood that in Washington Secretary of Agriculture Wallace has evolved another plan. It would call for the creation of a large grain export corporation by the Government to purchase grain with Government money and sell it abroad by cutting prices and taking losses if necessary. On the following year this deficit would be made up by an excise tax on grain at the elevators. The theory is that if this year's surplus is entirely disposed of, next year's production can stand the burden of the tax divided over the entire crop...
...estimated that Canada's wheat crop will reach 500,000,000 bushels, and of that total at least 350,000,000 bushels will be for export. This places Canada first in the world's list of wheat exporters, the U. S. coming next with an estimated export total of 290,000,000 bushels...
...suggestion that freight rates on export wheat be lowered if possible, President Coolidge shows at least a better understanding of the causes of cheap wheat than the farmers or their representatives. Lowered freight rates on wheat for internal markets as the latter demand, would be a mere drop in the bucket; while raising the import tariff on wheat would be like shutting out imports of dirt. There simply ain't no such animal. the reason for low prices is, as President Coolidge comprehends, the almost complete absence of a foreign market, and consequently a mass of grain, usually exported, tumbled...
This year, according to economists, the same countries will have surpluses for export...