Word: exports
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Dates: during 1930-1939
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Wheat. To provide for a normal year's domestic consumption and export of wheat plus a 30% carryover, the Act sets the national acreage allotment for 1938 at 62,500,000 acres, compared to 68,198,000 acres under cultivation last year. Allotments must be proclaimed by Secretary Wallace before July 15, divided among the wheat-producing States, counties, divided by county committees (including the Department of Agriculture's extension agent) among individual farmers. If the price (currently $1.11 a bushel in Manhattan) is less than 52% of the parity-price on June 15, or if the July...
Until last year this caused the cartel no great worry because all three non-members exported only a fraction of their production, leaving the cartel in command of an estimated 90% of the export market. With the current recession in the U. S., however, and the consequent falling off of domestic steel orders, certain U. S. makers have been dumping steel abroad, undercutting cartel prices and taking advantage of the steel hunger of nations preparing for war. For the first eleven months of 1937 U. S. iron & steel exports were 36% above 1929, 192% above 1936. Rolled steel exports amounted...
...decreed that private concerns must give raises of 15% for all employes earning less than 300 sucres ($24) per month, 10% to all earning 300 to 500 sucres. In the streets of Quito cheering, barefoot peasants wildly waved the "Panama" hats that are Ecuador's chief export manufacture...
Sugar has been overwhelmed by more than a decade of overproduction. In 1926 Cuba tried a single-handed experiment in limitation, but as she cut her production, rival nations expanded theirs. Cuba then sponsored the plan of Manhattan Lawyer Thomas L. Chadbourne whereby all sugar-producing nations adopted export quotas. Put into effect in 1931, the Chadbourne plan failed to raise prices because its quotas were too high in the face of declining world sugar demand. In 1932 the average world price of sugar fell to .9? a lb., well below the cost of production. Since then it has never...
There are two broad divisions of sugar consumption-the free world market and various domestic markets, such as that in the U. S., which are protected by import limitations. The International Sugar Pact limits only production for export, i.e. for sale in the world market. It sets this figure at 3,600,000 tons per year. But further voluntary limitation by certain exporting nations may cut it to about 3,400,000 in 1937-38 and 1938-39. This is slightly more than the present consumption of sugar in international trade, is therefore not very restrictionary. But it pleases sugar...