Word: tradings
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Dates: during 1930-1939
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These paper figures were no index of the true state of Germany's trade troubles. Faced with the cost of providing Germany with a million fully-equipped troops, faced with the expense of a grandiose public-works scheme, shrewd conservative Dr. Horace Greeley Hjalmar Schacht, Reich Minister of Economics, has long been doing sleight of hand with Germany's foreign trade. With gold in the Reichsbank dwindling toward zero, Germany, since the rise of raw-material prices in 1935, has had to export finished goods at uneconomical prices in order to get currency to buy abroad such...
Typical of Dr. Schacht's adroit manipulation is Germany's 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...
...good indication of the Third Reich's economic plight was that about the time the trade figures were given out the Government asked the 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...
...Manhattan, Women's Wear Daily, glad rag of the garment trade, found national brand manufacturers skeptical of the success of Supremacy Products. Why, they asked, should any store carry Macy brands instead of developing its own? If Macy's really proposed to compete with national brands how could it do so without spending a great deal of money in national advertising? One obvious reason, however, for the move on Macy's part was that the more of its own goods Macy's could dispose of-wholesale or retail-the lower its production costs should...
Most bumptious reaction came from the American Booksellers Association, still glowing from Doubleday, Doran's triumph over Macy's in the court battle on New York's Fair Trade Act (TIME. March 22). In solemn glee A. B. A.'s Counsel Crichton Clarke called a stenographer, dictated a statement pointing out that no stores in Macy's own trading area would be favored with the new service. "Macy's does not care how much its private brands are cut in other markets," said Mr. Clarke, "but it will not permit them...