Word: trade
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Dates: during 1950-1959
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More Sales? The Germans were not alone in their demands for an easing of restrictions on trade with the Red bloc. Britain and Japan want to pare down the lengthy list of goods prohibited to Red China, allow it to buy the same Western nonstrategic items that Russia does, e.g., chemicals, electrical goods, tractors. They argue that cutting off Red China from the West drives it closer to Russia, that anyhow Red China gets certain embargoed Western items through Russia...
...China embargo list. In return the U.S. wants to lengthen the list of items embargoed to Russia, tighten the "exceptions procedure" by which Britain and others have sent certain strategic goods into Russia. The U.S. would continue to have no dealings with China but would agree to China trade by its allies...
What Can They Sell? Trade with the Red bloc is still a fraction of the non-Communist world's trade. Although French exports to China tripled from 1955 to 1956, they still totaled less than $23 million last year. Few expect a sudden spurt if the restrictions are lifted. British exports to China, worth $30 million last year (less than 1% of Britain's total exports), would probably double. Japanese exports to China, worth $24 million in this year's first quarter, have about reached the limit unless Peking can ship more and better coal and iron...
...Durham, N.C., the Holloway Funeral Home announced last week that it will give trading stamps to customers who pay their bills in ten days. In Greensboro, N.C., the Hargett Funeral Home decided to give stamps to purchasers of caskets and cerements. "It seems like people just want something more for their money," said Assistant Manager Nathaniel Hargett Jr. "We figured that to get the trade we would go along with the trend...
...house, the Datini papers came to light again in 1870, little the worse for damp and mice. They included no fewer than 150,000 letters, more than 500 account books, 400 insurance policies, numerous ledgers-all of them adding up to a unique record of early Renaissance trade and a remarkable story of an early capitalist. British-born Marchesa Iris Origo (Leopardi: A Study in Solitude-TIME, Aug. 2, 1954) has done a brilliant job of sifting the Datini papers and presenting them for the first time as a biographical study. The theme that runs through her book...