Word: wheat
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Dates: during 1930-1939
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...natural position to dominate trade in the Danubian basin, Britain's purse strings have been pulled tight. Last week Carol reportedly asked: 1) loan of $75,000,000; 2) British capital to develop Rumania's oil fields; 3) increased British purchases of Rumanian oil and wheat; 4) the raising of the representative of the two nations from ministerial to ambassadorial status. He reputedly received nothing, although some sources speculated that Britain was considering an increase in her Rumanian purchases...
...longer private stay, headed back to Bucharest. On the way the King was expected to call on Chancellor Hitler and German economic experts, who will probably lose no time in reminding him that a recent German offer to develop Rumanian oil fields and purchase Rumania's entire wheat crop for the next two years, in exchange for German manufactured goods, still stands. But they have no money to lend...
...none-too-flourishing textile industry, Governor George D. Aiken of Vermont cracked: "It looks like a plan to turn New England into a solely recreation area." On the other hand, British farmers complained because Britain, already the principal outlet for U. S. farm goods, abolished duties on U. S. wheat, corn (except flat white), lard, certain canned fruits and fruit juices, and reduced by as much as one-third the duties on rice, apples, pears, other canned fruits. Britain also boosted the quota for hams and gave guarantees that ham and cotton would remain duty free...
Although the State Department was especially proud of having wangled Britain's removal of a 6?-per-bushel duty on wheat, U. S. traders were inclined to believe that Canadian as well as Argentine dumping programs might negate the importance of the concession. Day after the treaty was signed, Chicago wheat prices actually fell. Lesser disappointments were registered by lumbermen, coal and metal miners, tanners, papermen...
...Frank Theis prepared to sail for Rio, rumor circulated that he was going to trade U. S. wheat for Brazilian coffee. The U. S. has heard a lot lately about European, particularly German, barter with South America and Mexico (machinery for oil and crops); so it seemed reasonable for U. S. traders to defend themselves with similar tactics. But last week the Brazilian Government emphatically denied the rumor. President Getulio Vargas announced that the Government's new coffee policy (like the -U. S., Brazil found crop limitation a failure, now ruthlessly dumps its coffee surplus abroad) had been...