Word: tradings
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Dates: during 1930-1939
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...with a martyrlike 50% slash in his salary, has closed some foreign consulates temporarily, quit, the League of Nations in the struggle to balance the budget (TIME, Aug. 23). With coffee about 80% of her exports, agricultural El Salvador depends for its revenues on a favorable foreign trade balance. Chief coffee customer is Germany. While crying for cash, El Salvador has instead been stuffed with German hardware, cotton textiles through the bludgeoning barter methods of Reichs-banker Schacht. No gold has been coming in to pay off the $18,000,000 external debt hanging over her head. To El Salvador...
...member of the staff of Brookings Institution, of the Social Science Research Council, of American Association for Labor Legislation, honorary vice president of the National Consumers League, the professor describes himself as "a Wisconsin liberal-a conservative liberal that does not go off half-cocked." In 1933 he predicted trade unionism would become entrenched throughout U. S. industry as the result of NRA, prophesied a split in Labor's ranks on the industrial organization issue. Now returned from six months' study of the labor situation in Europe, he warns that "the greatest problem of the 20th Century...
Meanwhile Union had missed two industrial revolutions in its business: 1) from easily-torn sulphite bags to sulphate bags (made of tough tan papers called "Kraft" by the trade); 2) from expensive northern spruce to cheap southern pine for paper pulp. After the War when every competitor was moving south to use cheap slash pine, Union still sat in a sleepy, War-fattened lethargy. In 1928 it was so grossly out of line that it actually built a sulphate mill in the spruce forests of Tacoma. Next year this white elephant was shut down at a loss...
...prices of 63? a bushel for December corn in Chicago, the crop is worth about $1,606,000,000. Last week, with this huge harvest due to begin pouring on the market about Oct. 1, by a freak of commerce the corn futures market on the Chicago Board of Trade was threatened by the tightest "natural squeeze" or corn shortage in years. This was due to the fact that last year's short crop left the smallest carryover of this century. As a result, corn brokers anticipated trouble fulfilling their contracts for September futures which come due on Sept...
...previously invisible corn out of the hat, gave Cargill a severe drubbing as the price fell 27?. Last week brokers suspected that Cargill was out to get even. However, there was little chance that a serious squeeze would materialize, for the Secretary of Agriculture has power to extend trading to prevent such things. Last week the Commodity Exchange Administration was visibly disturbed, uttered warnings about manipulation and presently the Chicago Board of Trade Clearing House Association doubled the margins on September corn (from 4? to 8?) to discourage new speculation. At week's end longs reluctantly liquidated enough corn...