Word: exporting
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...English ship owner. Proximity of coal and iron to the ship yards is an appreciable factor, just as the nearness of timber to the New England harbors helped to make the old square-rigger a cheap instrument of conveyance. But the dominant factor is the place of the English export coal trade. A "tramp" carrying bulky raw goods to England for manufacture can always count upon a return cargo of coal; and to be profitable a "tramp" must never sail empty...
...Export deficit, 2,237,000 gold marks...
...been stated, and also denied, that Germany can pay her cash reparations bill only from a large export surplus. The alternative to this is some from of capital levy. What Germany must pay in kind has nothing to do with what she must pay in gold. The only way, excepting a capital levy, in which Germany can collect gold is by selling more than is bought. That is the unchangeable A B C of the situation...
...Orders pile up, prices are firm, extra dividends are the order of the day, earnings are increasing. Nevertheless, some American steel leaders are casting anxious eyes towards Europe. Schwab is in Germany. Gary has departed for South America. To students of the industry, aware of bad conditions in the export trade, these facts are not without significance...
...efficiency. Yet the competition of Continental steel is already felt in the world's markets, particularly perhaps in Great Britain. It is felt that unless new demand at home can be stimulated and maintained, the present pro-'duction rate in American steel can scarcely be continued. Our export steel is already selling 15% under domestic prices, but the large quantities of steel production tied up by the French occupation of the Ruhr has yet to come upon the market in considerable quantities...