Arizona republican., 1916-08-20
FORE|GN TRADE
 WITH AMERICA
 |S INCREASING
[Republlcan A. p. Leased wIreI

lHeCGCllCdn A. F. EcdScu WtIcJ
 NEW YORK, Aug. 1.-The com mittee on co-operation in foreign .rade of the Nanonal Fore'gn Trade ouncil which has Jeen Investigating he effect of the European War on .merican oversee commerce and the necessity Of permitting American ex- olters the same rights to combine hat are enjoyed by their competi- ors, tcGay made public its report inalyZ.ug "Fortuitous Elements n Present FoIeign Commerce" it says in part'
 In 1913 the per capita foreign trade of England was S149. of Ger many S79, and of the United States only s4i. For 1916 it is estimated hat that of tho United States win be f63 or s5S. without ammunition and firearms.
 This excess of export trade over he normal rests largely upon the fol- owing circumstances:
 Abnormal war demand and prices or nuri:ions. footstufis and raw materials.
 'Elimination of normal European 6mpeti.ion through occupation of -1uropean factories in munitions pro- duction
 Loss of la DOT through enlistment IT ccnscrirtion and bclligerent re- ,triction of normal eNportation
 'CuItailmeut Of investment cf European capital in neutral markets, normally a stimulus co European export trade.
 These abnormal conditions nav ng prevailed in the export trade fo: nearly two years. many Americans lre in dan ger Of relying upon them tH .TTsa ra "a io. loss hle than to ncg:cc; to expect ter the war tho following develop ments:
 Cessation of war demands and lrices for munitions. reduction of prevailing high prices for exported -udstLffs and raw materials by req on If reserved European competi- jon. normal transportation and in -ornationGl movement Of raw ma -eriais
 Resumption of normal European competition in home and neutral mar cts lv reason of return of soldiers Q industry and the lifting of mili- ary embargues from exportation.
 Renewed activity of Elropean ex port and import combinations with increased governmental support and possibly preferential tariff and navi- -7tion arrangements under economic alliances
 Renewal as rapidly as business coalitions and national. or even in .crnational. fiscal Policy will permit. Of European investment in neutral markets. the most effective raethod of creating a foreign preference for 1nerchandisn ot leading nations Euro pean war finance nas been moulded ln protect trade-wirnine foreign in-
 estmcnts: their nourishmcnt vii 1ot he neglected with peace.
 Against the foregoing adverse ele- .ncnt must be set the demands of re- lewed peace activities. returned confidence demands Of materials for Immediate reconstruction If devastat- sd districts and revival of develop nent enterprises.
 "Europe's accustomed instrument for these activities will be cooperative ef- feet beginning with cartels and trade associations of producers manufac- turers. exporters and bankers rein forced by the backing of the state. and. unless the discussions with which in- lustrial Europe now vibrates shall Ial, supplemented by economic alli- ances succeeding the war alliances now .n force. Continuation of the present condition spells European industrial and governmental cooperation versus American compelled competition"
 The principal of the pending Webb bill authorizing cooperation by ex- porters, with adequate safeguards against restriction of domestic com merce, is strongly endorsed by the council committee consisting of: Carson, James A. Farrell. II. C. Lewis, ma ra In ET Wilcox and Robert Fl. Patchin.
 In addition to preventing leagues of foreign buyers from purchasing American natural products al less than the domestic prices and increasing the facilities of manufacturers and mer- chants of moderate size for export trade, the council declares that CO., operation in exporting will permit the following advantages:
 Maintenance of highly organized export service at minimum cost to ! participants, employment of AmericaI 1 advantages in advertising, technica | demonstration and follow-up' methods Improved credit information an( | financing of foreign sales. more ad- l yantageous traffic contracts througl l greater and regular tonnage. superior l facilities for customs brokerage warehousing, etc.
 Assumption by the cooperative or ganizations of credit extension whicl manufacturers dependent upon q quicl
 turnover of capital are unable to pro | vide
 Survival of initial losses, fatal t
 an individual company, which ar
 sometimes incurred before Americal
 goods gain a foothold.
 Division of foreign business upoi
 an agreed basis adapted to the mu
 tual interest of all participants fror
 the standpoint of sustained labor an