Word: tradings
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Dates: during 1930-1939
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Much as customs inspection pains the homing U. S. tourist, it irks shippers more. For their relief and even more for the relief of U. S. ports that felt they were losing harbor business because of red tape, Congress passed the Foreign Trade Zones Act in 1934, making a limited type of free port permissible for the first time in the highly protectionist U. S. Free ports, isolated free trade areas, were once prevalent in Europe, included such cities as Naples, Leghorn, Hamburg, Marseille. Today, sprinkled over the globe from Copenhagen to Curaçao, are some 40 free ports...
...Quezon invited Cardinal Dougherty to stay in Malacanan Palace, the old residence of Spanish and U. S. Governors General. But before the Cardinal arrived last week the wily brown politico slipped away, bound for Washington, he said, to confer on the date and agenda of a U. S.-Philippine trade and economic conference, which other Filipinos considered was of no pressing importance. From Tokyo Manuel Quezon welcomed the Cardinal by telephone while Senora Quezon appeared . at official receptions, addressed women in the Congress. To observers it looked as if Manuel Quezon, who has profited by turning Catholic, was showing...
Last week the trade buzzed with talk that a big manufacturer of chocolate coatings had skimmed the froth from the boiling cocoa pot. But the usual candidates for the role of "titanic forces" are "British interests"-an old bogey of the U. S. cocoa market. Because they are better informed than anyone else on the important West African crop, British traders have been known to take U. S. speculators for a fast ride. Last week cocoa men were passing around a story that United Africa Co. Ltd., greatest single trader and shipper on the British Gold Coast, was depressing...
Based on findings of the Federal Trade Commission, the suit charged Mr. Doherty with making an $18,000,000 profit at the expense of the company in 1929. In that year Cities Service Co. paid Mr. Doherty $20,500,000 for 200,000 shares of Cities Service common stock at $102.50 a share. Mr. Doherty had originally acquired the stock for about $13.26 a share. His voting power reduced by the sale, Mr. Doherty then gave $1,000,000 of his $20,500.000 back to Cities Service for 1,000,000 shares of $1 non-cumulative 5% stock created especially...
...Taylor and still owning an interest in the department store his father owned in Nashville, Tenn., George Arthur Sloan became a U. S. notable in June 1933, when as president of the Cotton-Textile Institute he walked into the White House with the first NRA code ever drafted. His trade association experience later included the big textile strike of 1934, during which picketers outside his Manhattan office sang: "We will hang George Sloan to a sour apple tree." An apostle of NRA cooperation, he predicted "inflation, chaos" on its demise. Since his resignation from the Institute...