Word: tradings
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Dates: during 1930-1939
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...ocean mail contracts by which the U. S. Government had been subsidizing U. S. shipping at an annual cost of $20,000,000. Under the new Merchant Marine Act the Maritime Commission was empowered to provide "differential" subsidies for U. S. shipping to establish "competitive equality" in foreign trade. By last week eight U. S. shipping companies, having agreed to build 50 new ships in the next six years, had subsidy agreements with the Maritime Commission totalling about...
...companies engaged in foreign commerce, this arrangement meant calm seas ahead. But to lines in domestic coastwise trade it presaged disaster. Those that had mail subsidies lost them, got nothing in return. For those operating between Atlantic and Pacific ports, Panama Canal tolls ate heartily into whatever profit remained. For such companies the choice has been: 1) to transfer ships to foreign trade to be eligible for subsidies, or 2) to founder...
...title to the three ships. Already operating 47 cargo ships, the Commission planned to use the new ones as the nucleus of a "luxury" passenger and commercial line to the east coast of South America, to vie with the eager efforts of Nazi and Fascist shipping to corner trade in Brazil, Uruguay and Argentina. Awaiting bids this week on the task of refurbishing the vessels with deck swimming pools, gay Lido decks, more spacious cabins and airconditioning, the Commission was even considering the ingratiating idea of changing the names of the ships to those of the three east coast countries...
...Reassured the wool industry. Dissident factions in the wool trade recently inspired a special Senate committee to investigate speculation and other phases of wool marketing. Last week the committee's chairman, Senator David I. Walsh of Massachusetts, announced that the committee "has no reason to believe present practices are reprehensible...
...Cracked down on the farm equipment industry as the Federal Trade Commission sent to Congress the first installment of a long report charging the eight chief farm equipment companies with monopolistic practices. Last year, FTC found, was the most prosperous for farm machinery since the War, partly because prices were kept artificially high even when farm prices fell below normal...