Word: exports
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Dates: during 1930-1939
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...grandiose public-works scheme, shrewd conservative Dr. Horace Greeley Hjalmar Schacht, Reich Minister of Economics, has long been doing sleight of hand with Germany's foreign trade. With gold in the Reichsbank dwindling toward zero, Germany, since the rise of raw-material prices in 1935, has had to export finished goods at uneconomical prices in order to get currency to buy abroad such raw materials-copper, tin, oil-as she cannot manufacture synthetically...
...small Central European countries for exchange and at lower prices than Brazil demands. This maneuver involves heavy losses to Germany and damages Brazil's market. But it puts much-needed foreign exchange into Dr. Schacht's hands, and incidentally increases the impressiveness of Germany's export trade...
...being organized to fly the Atlantic. Who, air men wondered, would have the temerity to challenge Pan American on the Atlantic? Transcontinental & Western Air? Royal Dutch Air Lines (K. L. M.)? Onetime Director of Air Commerce Eugene Vidal and friends? Last week the ambitious newcomer was finally revealed: American Export Lines, which operates 18 ships to the Mediterranean. In Washington it applied for permission to supplement transatlantic ship service with air service...
...Ludington Air Lines, which tried to operate without a mail contract between New York and Washington, was eventually sold to Eastern. Since then Jim Eaton has been identified with an unsuccessful scheme to start flying boat service between Boston and Manhattan. Now he is vice president of new American Export Air Lines, Inc.. proposes to start test flights as soon as equipment can be delivered by Martin or Igor Sikorsky. He asserts that this will probably be within 14 months, that Martins will be used on the Atlantic, Sikorskys on the Mediterranean. Meanwhile a widespread survey has been conducted...
...American Export Lines is a sturdy little concern whose sturdy little boats (none bigger than 9,350 tons) carry about a third of the freight (not including grain) between the U. S. and the Mediterranean. This is the second richest trade route in the North Atlantic, and American Export has no U. S. competitors for it. Hence it is in a better position than many other U. S. lines, made $643.000 last year with the aid of a Government subsidy of $1,479,000. Said Lawyer Kenneth Gardner who pleaded for the new airline before the House Post Office Committee...