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Eastern Hopei lies between the Great Wall of Peiping and the vitally important port of Tientsin. One of the first moves of Puppet Yin was to cut customs duties to 25% of those of the Nationalist Government. Japanese junks landed huge cargoes of silk, rayon, woolen goods, cosmetics and, most of all, sugar at Hopei fishing villages. Trucks and canal boats, most of them flying Japanese flags, smuggled the goods into Peiping and Tientsin, have recently extended the trade to Kiangsu, Anhwei, Honan, Shensi and even Kansu province...

Author: /time Magazine | Title: CHINA: Homeless Smuggler | 5/11/1936 | See Source »

Show Downs. The first thing in his life that Torkild Rieber set his mind upon was his own career. Born in a little town called Voss in the interior of Norway, he went to sea at 14, thereby upsetting the future plotted for him by his father, a progressive woolen manufacturer who expected to rear his eldest son in the family business. Son Torkild learned seamanship in sailing vessels, passed his examination for a master's ticket at 19, got his first command at 21. It was a sailing vessel and, more important, an oil tanker...

Author: /time Magazine | Title: Business & Finance: Captain & Concession | 5/4/1936 | See Source »

...forget it," purred the Woolen lawyer, patting Lawyer Carney's shoulder. Sputtered Mr. Carney: "Don't touch me! Take your hands...

Author: /time Magazine | Title: Business & Finance: Meetings | 4/20/1936 | See Source »

Last week Joseph Silverman's friend, Colonel McMullen, was tried on four counts, ranging from bribery to acceptance of railroad tickets "wrongfully, dishonorably and to the discredit of the military service." The whole trouble arose over some 700,000 woolen union suits which Silverman bought from the Government for 14½? apiece, contracting to resell them abroad. Later he got his contract changed so he could resell them...

Author: /time Magazine | Title: ARMY & NAVY: At Swords' Point | 3/2/1936 | See Source »

...American Woolen Co, made $2,740,000 in 1935 as against a loss of $5,458,000 in 1934. Wool prices rose steadily through the last half of 1935, prevented the big inventory losses which have been a large factor in American Woolen's frequent deficits. American Woolen declared a $1 back-dividend on its preferred, still has a $57 accumulation outstanding...

Author: /time Magazine | Title: Business & Finance: Earnings | 2/17/1936 | See Source »

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