The Bridgeport times and evening farmer., 1919-09-17
EUROPEAN TRADE
 CONDITIONS ARE MUCH IMPROVED
l n dustri i al Development Tends to Brighten Our
 Financial Outlook.

Developments of the past fortnight which have indicated a growing indus trial stability in Europe are summed Goods and Foreign Markets, the fortnightly review of foreign trade conditions issued by the Guaranty Trust Company of New York. The review, which gives in detail some of the commercial and industrial hap Denings in the most important coun- tries of the world, says in part:
 "Conunued weakness in the foreign exchange rates prevailing in New York has served to increase the bur den under which the exporter is la boring at the present time. Although the Edge Bill, as amended has passed the United States Senate it has vet to be acted upon in the other House. None of the general schemes for fin anclng Europe having yet received the complete support necessary for bringing it to complete fruition, the situation, generally speaking, remains unchanged. Until the government has decided what form its cooperation with industry and finance shall take conditions cannot be expected to show sudden or far-reaching improvement.
 "The credit side of the account, however. is not by any means a blank. Though exports have undoubtedly fal- len off, the demand is still strong ana insistent, and the slow but steady in crease in imports is itself a sign or that strength in Europe which must be antecedent to any final adjustment The industrial situation in England France and Italy, if increasing pro- duction can be called a criterion. is decidedly better than it was several months ago. The exports of Great Britain not to the United States alone but to all markets which were accus- toned to look to England for sup plies. show a definite upward tenden- Cy. None but the most pessimistic can fail 10 see in such a turn of af- fairs a gradual shaking off of the post war lethargy which for a while had the workers of many countries in it's grip. It can only mean that workers have begun to see the force of the ar uments which have pointed out that production is the primary need of the world.
 Moreover, so far as Great Britf 4n is concerned, the removal of the em- bargO on an important list of manu- factUred products as of Septembe 1, whatever it's political significance, can not fail to be of benefit to the Ameri- can planufacturers in many primary lines. It is indicative, also, of British belief in the ability of all of its in ( 1stry, save that iD the unstable key group, to compete with American manufacturers in the home market, and of British finance to stand the strain of a wider range of imports.
 shipments of gold from New York to various countries in which ex- change had moved against the United States have served to restore the par relation, and so have made it easier for the United States to buy and sell in those countries. Trade with the Far East is in a decidedly healthy state. Japanese buyings, and those of China as well, being in great volume.
 "Re-establishment of trade rela- tions with Hungary provides an inn mediate market for such manufac- tured products as can be financed. It also indicates the approach toward stability which has been increasingly apparent in Central Europe for the last two months"