Word: jordan
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Dates: during 1940-1949
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...days later, Committee One discussed admission of Eire, Albania, Portugal, Trans-Jordan and the Mongolian People's Republic. The overheated committee room, with its entire contents of delegates, tables and sorely tried hopes, seemed to swim in a bluish haze of tobacco smoke. Cuba (Guillermo Belt) dozed off, woke up a quarter-hour later, rosy-cheeked and refreshed. Later, South Africa (Jan Christian Smuts) went to sleep. Declared Liberia (C. Abayomi Cassell): ". . . We will not move the big powers-each of them has its own fish...
This time there was no bigtime speculator to blame, like New Orleans' Tom Jordan (TIME, Oct. 28). (Tom Jordan, who lost heavily in cotton, put his New York Stock Exchange seat on the block.) But the cotton market was still full of little Tom Jordans. While ceilings were slapped on other major commodities and trading in the stockmarket was put on a cash basis, cotton had been free as a breeze. It could be bought on approximately a 10% margin; it was the speculator's delight...
...American delegation decided to continue supporting a proposal asking the Security Council to reconsider its rejection of U. N. membership applications from Ireland, Portugal, Trans-Jordan, Albania and Outer Mongolia...
...British plan was no retreat. With evacuation of Egypt guaranteed within three years, the Empire needs more room and stability than either Palestine or Trans-Jordan can afford. There would be some barriers-natural and political. In Cairo this week, Egypt's ailing Premier...
Even with Jordan out, the market continued to fall, although more slowly. Never under control, cotton prices had zoomed up to a 26-year high of 39.78? a lb., thanks to the war and the fact that 1) this year's U.S. crop is the smallest in 25 years and 2) textile mills, in peak production, have been using up cotton at 150% of the peacetime rate. But it was only a question of time till cotton buyers and speculators who had spread themselves too thin realized that the comparatively small U.S. carryover from this year...