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...what it will do about next winter's crop. Cubans, however, see the rosy side, are pretty sure that the U.S. will not only buy most of the crop but will pay higher prices to boot. Another trouble is the shipping shortage, which makes it hard to import anything on which to spend the island's new wealth. The 2,500,000-plus tons of sugar now piled high in Cuba for lack of ships to carry it 200 miles to Florida are a sign in reverse of the difficulty of getting U.S. goods to Cuba. Unable...

Author: /time Magazine | Title: FOREIGN TRADE: High Jinks in Cuba | 6/15/1942 | See Source »

There were old and great Islandian families, but none were vastly wealthy, and none knew want. They were free from venereal diseases, and very vigilant lest foreigners import them. They felt a reverence for the soil in which the esthetic and the utilitarian were inseparable. When Consul Lang tried to sell them on the time-saving uses of U.S. farm machinery, they were far less interested in time-saving than in the indecent strain which would be put on their horses...

Author: /time Magazine | Title: Books: Daydream | 5/18/1942 | See Source »

...shipping consultant told importers that only 213 import items are now considered strategic enough to rate any shipping space at all, only about 100 can get anything like enough space...

Author: /time Magazine | Title: Facts, Figures, May 4, 1942 | 5/4/1942 | See Source »

...Credit Corp. agreed to buy up to 200,000 bales of Peruvian cotton this year for about $10,000,000. That is the two-thirds of Peru's crop which she exported before the war; the rest Peru sells to her neighbors. The U.S. will not try to import its purchase, but will leave it in Peru. As its part of the bargain, Peru agrees to try to reduce her cotton acreage, substituting non-surplus crops like flax, rice, beans. For every 1% change in cotton acreage after this year, the U.S. price to Peru will move...

Author: /time Magazine | Title: AGRICULTURE: Toward a World Cotton Pool | 5/4/1942 | See Source »

...commercial" price of silver is now 35 1/8? an ounce. This price buys imported silver only, since the Treasury is required to buy all U.S.-mined silver at 71.11? an ounce. Even the import price is not a free price, for the Treasury will buy all the imported silver offered at 35?. Only recently has industrial demand made it possible for the Treasury to stop buying foreign silver...

Author: /time Magazine | Title: METALS: Silver Bullets and Silver Ballots | 4/20/1942 | See Source »

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