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President Roosevelt, ever apt at Compromise, worked out an agreement aimed to conciliate the beet industry, to help Cuba and regain the U. S. market there. He proposed (TIME, Feb. 19) to quota sugar production for the beet industry and provide import quotas for the U. S. islands and for Cuba. With sugar made a basic commodity and imports controlled, a processing tax would be applied in the U. S. to subsidize beet sugar producers. The quotas which the President proposed were liberal to U.S. producers compared to past performances...
...discover a ring of diamond, smugglers is the task of Detective Nigel Bruce. Munching peanuts, looking dumb, he succeeds, after his antagonists have been able to commit only two murders, in outwitting them. Intermittently, caught in the whirlpool of tropical action, Miss Heather Angel and a recent British import named Douglas Walton add standard Hollywood romance to the picture. A motorboat chase and an expedition through a quicksand swamp form the principal excitements of the film, but it is the acting of Mr. Bruce and his cohorts which raises "Murder in Trinidad" above other thrillers...
...Kerensky Government left a legacy of $187,000,000 owing to the U. S. The Soviet maintains that this is not its debt, also that it is not in default since it is one of the "claims" which Messrs. Hull & Troyanovsky are now trying to settle. But the Export-Import Bank created to finance trade with the Soviet took a different attitude. It passed a resolution: "It is the sense of the board of trustees of this corporation that no actual credit transactions with the Soviet Government shall be undertaken unless and until that Government shall submit to the President...
Jews felt that their boycott was indeed deadly when they read last week Germany's export and import totals for February. In February, 1933. Germany had had a favorable trade balance of about 30,000.000 marks. Last month it had an unfavorable trade balance of 34.600.000 marks. Examined more closely, however, the figures changed color completely. Reason for the deficit was a 10% decline in German export prices. Actually, figured in quantities, German exports for February, 1934 were well above those for February, 1933, before the boycott began. Furthermore, the high import total was explained by the fact that...
...After a Cabinet meeting at which was discussed the problem of bringing down liquor prices to put 'leggers out of business, the President announced that after present liquor import quotas expire April 30, liquor imports would be permitted for two months from every country without limitation...