Word: tradings
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Dates: during 1930-1939
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...Japan than to any country in the world. After teaching economics for 13 years at the University of North Carolina, he was appointed director of the Bureau of Foreign & Domestic Commerce by President Roosevelt in 1934. He sat in with State Department officials on the drafting of reciprocal trade treaties with Cuba, Belgium, Brazil, Haiti, Sweden, Colombia. Gentle, pipe-smoking President Murchison saw clearly the impossibility of damming Japanese cottons with further import duties. Restrictions strong enough to affect the Japanese would be absurdly unfair to European exporters, and U. S. policy forbade a sharply discriminatory tariff...
...treaty with Japan would take a long time to arrange, yet it might not be long before the problem of Japanese imports became feverish. President Murchison left his house in Georgetown one day to smoke a pipe with his old friend. Assistant Secretary of State Francis Bowes Sayre, onetime trade adviser to the King of Siam, later a criminal law professor at Harvard. Level-headed Mr. Sayre and long-headed Dr. Murchison agreed 1) that the Japan Cotton Spinners' Association, whose members own 98% of Japan's 11,000,000 spindles, was powerful enough in itself to make...
...already sunk. . . . We saw in perspective a nation committed to a social and economic program which made its costs of manufacture emerge from the level of world costs as the tip of Pikes Peak emerges from the surrounding Rockies. . . . Yet it was a nation engaged in the promotion of trade liberalization. . . . We did not know at this time that, within a few days, we would be informed that the Japanese bookings of American business for 1937 had reached a sum total of more than 150,000,000 yd. by the time the year was three weeks...
...surprisingly tractable Japanese further agreed that the situation in 1937 was abnormal, accepted a quota of 100,000,000 yd. for 1938 with the option of transferring not more than one-fourth the 1938 quota to 1937. Having thus triumphantly established quantity limitations as the basis for Japanese-American trade in cotton textiles, the U. S. mission, before sailing for home, agreed to appoint members to a joint standing committee before April 1 to set similar quotas in manufactured goods such as tablecloths, bedspreads, handkerchiefs...
Some 200 advertising men and women were present for the gold medal ceremony and for the long list of other advertising honors awarded this year by the trade-paper Advertising & Selling in continuance of the Harvard Awards founded in 1924 by the late Edward Bok. To Katharine Fisher, director of the Good Housekeeping Institute, and to Arthur Charles Nielsen, Chicago market researcher, went silver medals. Among agencies, Batten, Barton, Durstine & Osborn won two firsts, one honorable mention, and B. B. D. & O.'s president, Roy S. Durstine, received first radio medal. Young & Rubicam scored one first, five honorable mentions...