The Alaska daily empire., 1914-11-21
OUR 0PPoRTuNJTy
 WITH SOUTH EaI


 BOSTON, Noy.lt.--in 9 7eries of ar- ticles on The Amerca's' tho Nation ' al City Bank ol NoW York which bag just opened branch 10 Buenos Ayres deals In an Interesting way with con. dltions in South America and Che pos ibilty of the United states captur ing a larger share of trade thero. Ao- ] suacts from ymioue ardoles aay
 Can Meet compatition-
 'It iB safe .o eay ihat the prodpc. ] ton Of our factories taking them a'l together, eould today be increased to Ss per cent. more than it present it run to full capacity Economlsts tell us that thls last 20 per cont which brings full capaclty can be produced at much lower propordonnte unit cost than the first 10 per cont. Such an increased production at lower cost if sold in the markets of the world, ought to put us in position to meet the competition of other nations.
 "The merchant bankers of Germany have their close affiliations with the groat credit banks Tho connection between industries pushing their goods in foreign markets and the Germm banks has had much Co do with the institution of long credits In South America. The same ofiiliaton of inc terests has made it possible for Ger man manufacturers to compete with manufacturers in other countries in which raw materials may be obtained at lower prices than those obtaining in Germany. By means Of the kartel ogreements, for iusance, German man. ufacturers are reimbursed for any ex- cess cost Of German raw products in Germany over prices which these pro. ducts are sold for in the foreign mar kets
 Brltioh Seek Foothoid.
 "Tho manufacturers of tho United States are not going to have an en- tirely free fieid in their attempt to get more trade in the markets for the rest of the world British manu- facturers and merchants are organic ing for campaign to capture that which, before the war. was largely con troled by the German, Austrian and Hungarian rivals"
 R. O. Bailey. formerly assistant sec. retary of tho Treasury in survey of immediate business conditions in Ar gentina, cables in part:
 North America's commercial inc vision Of the Argentine has begun If the invasion results In conquest lt will be because of Che care and po- likeness with which Che invaders con- form to the customs and wishes of their southern brothers. As a nation the Argentine Is established in its ha- bits of life and methods of commerce, and is thoroughly satisfied with them Both are different from those that prevail in Che United States. They must be studied, understood and cone formed to ii the new commercial re- iation is to reach its possibilities Of permanency. and proportion.
 Americana Preferred.
 "The average merchant would pre- fer to buy from an American II other things are equal. But at present he must first clarify his financial posi-. tlon. Later on the work of the repre- sentatiYes who are now arriving VIII bear good fruit
 "There are signs of revival in busi, ness. but the readiustment of the dis turbed economic position of Argentina depends upon the abundance Of the growing cereal crop. The present out look is for a splendid harvest
 "The customs receipts of the Argen- tine government 50 far this year are about one.thld less than Che amount collected last year during the cores. bonding period.
 "The foreign exchange tongle, due to the amount of exchange in transit when the war was declared, is grad ually being straightenod out with the assistance Of the international mora torium.-( (News Bureau)