FRI 26 JUL 1940
President Roosevelt invokes Export Control Act and prohibits exportation, without license, of aviation gasoline and certain classes of iron and steel scrap; this legislation halts flow of those important commodities to Japan.
Light cruiser Phoenix (CL-46) departs Callao, Peru, concluding her goodwill cruise to Chilean and Peruvian waters. She reaches Balboa, C.Z., on 30 July, and returns to the fleet at San Pedro on 7 August.
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