Word: marketeers
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Dates: during 1930-1939
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...coffee trade with Brazil. Germany barters finished goods in exchange for Brazil's coffee beans. The beans, canned in Germany, are resold to 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...
...public for a loan of 700,000,000 marks ($281,610,000) to be raised by the sale of 4% treasury notes with an average maturity of twelve years. This was the third such loan this year, the tenth since Economics Minister Schacht began to monopolize the capital market in 1935. Although only one-seventh was subscribed by week's end, the loan when completed will bring the Reich's borrowing during the past two years to a total of 6,518,000,000 marks ($2,622,191,400), a sizable sum for Henry Morgenthau Jr., colossal...
...saloons, roadhouses, poolrooms, drugstores throughout the U. S. are 300,000 coin-in-slot phonographs which play a record once for 5?. Having sold 175,000 of these in the past three years, phonograph manufacturers estimate that the boom will continue for 18 months, during which they will market 100,000 more. Because a saloonkeeper with a record machine does not require the services of even a beery "professor" at a piano, Chicago Musicians' Boss James C. ("Mussolini") Petrillo, in order to manufacture work for musicians, forbade his unionists to make any more recordings (TIME, Jan. 4). And haggard...
Said Mr. Gay in his annual report: "I am fearful that, in an effort to cure what might be termed sporadic evils, undue restraints are being placed upon normal, proper action, thus creating abnormal market conditions. Evidence accumulates that the quality of the market has been seriously affected. With muc concern I note the continuance of narrow, illiquid markets in which wide spreads between bid and asked quotations prevail and in which comparatively small volumes of buying or selling create undue fluctuations in prices. Almost daily, situations are called to my attention wherein it is impossible to buy or sell...
Last year's apple crop was worth $108,000,000. The value of this year's big crop will depend largely on the export market. Hence that was the chief concern of Chicago's great apple meeting. As recently as 1930, 21,000,000 bu. of U. S. apples were exported, mostly to England. Later such tremendous trade barriers rose that exports fell to 6,000,000 last season. Last week Secretary of State Cordell Hull sent a message outlining the 16 reciprocal trade treaties which concern apples. A blow to lope however was delivered by Fruit...