Idaho County free press. [volume] (Grangeville, Idaho Territory) 1886-current, 1915-07-08
THE TRADE BALANCE.

Considered alone, the statement that in April 1914 this
country imported commodities valued 900 than
which exported while April 1916 the value of its
exports exceeded the value of its imports by than $3
100000 is indicative of the trade balance in favor of his
which should the skepca that not suffering
much commercially from the European This statement
true for it is taken from the reports but along
with must be considered the fact that this large trade balance
represents exports to European countries which normal
times import far less from this country and the fact that
ports South America which market that should in
times supplied by United States fallen off
about 25 per In other words American manuact
and exporters have neglected steady reliable market with
great future possibilities for the artificial European market
No blame attaches to them for his neglect for they have simply
yielded to the pressure of strong demand which brings them
immediate profits.
Professor Philip B. Kennedy of the school of commerce.
and finance of New York university who conducts
recently prepared statistics which show that still
far from capturing the South American trade which should
have been when the broke easy between
Europe and South America At the outbreak of the he
was England investigating commercial conditions He
that the British exporters planned to capture the South Ame
can trade which Germany had been establishing
But their plans interrupted by the demands of the British
government. Commodities hand for export needed
by the army and the army got them In the United States it
predced that South American countries would have to turn
to this country for goods and that the trade channels
opened neither Germany England could regain their
kets
Actual experience however, brought to light a condi-
ton which American exporters had anticipated The South
American countries want not only commodities but money
WE'LL and the money had not been forthcoming It also
found that before the the South Americans using
money borrowed FROM Germany to for goods bought in the
United States When their connection with Germany
they could borrow hence the falling off
value of exports from the United States One American firm
consigned shipment of merchandise valued at $4,000
firm in Buneos Aires and then shipped back because the
could not handle the draft attached to the bill of dng
Had there been enterprsng American banker Buenos
Aires, the difficulty would have been The same
merchandise shipped to Europe would have been paid for
it is doubtful if the American firm be blamed But
the it is hardly likely that the Buenos Aires firm
will buy in the United States.
Thus, while the large trade balance looks WELL it is evident
that twenty from the present of American
commercial interests be regarded shortsghted It is
necessary however, to consider that these interests
learning things about foreign trade After the
OF arms is in the commercial war; which
ceases, will begin Germany and England will both exert
themselves in every possible develop which
been neglected The United States will also to extend its
foreign trade, and what it has learned the fill the
orders which have poured in upon will then good
purpose The South Americans be satisfied with our
products but not with banking methods sales
mansp Professor Kennedy believes that there is yet
to gain footing which will we'll in the competition
following the but is to be wasted
Capital News.
THE SLOGAN OF SABOTAGE
According to the statements of Elizabeth Gurley Flynn