Word: exports
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Dates: during 1930-1939
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...want gold above all else. Last week silver standard China had a taste of the same, though silver instead of gold was the metal wanted. Ever since the U. S. began to boost the price of silver, China has had deflation. In vain the Chinese Government imposed a silver export duty. Silver was smuggled out. When silver prices last week sailed toward Heaven, China grew desperate. Finance Minister Kung appealed to all patriotic Chinese to keep their silver at home. Chinese Ambassador Sze wrung his hands on the steps of the State Department in Washington: the U. S. was ruining...
Purpose: to hear the U. S. Ambassador to Great Britain, frail, sensitive Robert Worth Bingham, ask the Conference to face the fact that its 1933 agreements fixing wheat export quotas and laying down internal wheat acreage restrictions have proved thoroughly unworkable. Ambassador Bingham, whose most important activities in London have had to do with wheat, was expected to urge that the Conference's quota and acreage agreements be indefinitely suspended...
...There is no way to evade the truth that trade is a two-way affair, and that to have exports we must accept imports. . . . The controlling factor in our cotton export trade is the amount of American dollars in the hands of foreign nations wanting our cotton. This situation will get worse instead of better unless and until the American people are willing to accept greatly increased quantities of imports. There is no other way that I know of, short of giving our cotton away through ruinous prices or insecure loans, to regain our former volume of cotton exports...
...world's biggest importer of steel scrap, Japan is wholly dependent on the U. S., which is the only large industrial nation with no scrap export embargo. Last week the Department of Commerce announced that scrap shipments during 1934 had reached an all-time high of 1,835,554 tons against 773,000 tons the year before. Of this total export 1,168,000 tons or 63% had gone to Japan. Italy, which like Japan suffers a shortage of good iron ore, was next biggest buyer with 225,644 tons. Great Britain was third with 134,434 tons...
...last session of Congress President Roosevelt vetoed a bill to prohibit export of tin-bearing scrap. Scrap dealers expect new agitation for an embargo at this session, are confident that President Roosevelt will oppose it because he is trying to develop export trade. But last fortnight, Raymond Moley, the President's friend and counselor, published as the lead article in his magazine Today a sharply critical analysis of Japan's scrap buying by Ray Tucker, longtime Washington newshawk. Reporter Tucker concluded that Japan's demand for scrap was unmistakably for the purpose of 1) modernizing her army...