Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1919-05-12
BUs|nEss.COND|TIONs
REPORTED UNSETTLED
Indications Arc That Argentine Will
Soon Recover From General
~ Initiation.
CONTRACTS WE'RE DIVIDED
IS. american Trade Expert Returns and
Gives American Dealers Some
Good Points on What Latiu
Nations Require Now.

WASHINGTON. May ll-spcakin
n. .r5San s sG frerressnta,iys Of n,
<sca,on EoSeSi s Barrett, sX xmt ver s
ss:entiy american commercial at
srehe at Buenos .Aires. stated tina,
tine at the present time are unsettled
tne labor trouble is more or less tom.
s-rarE AND will gradually give way ,o
r.shi themselves. Mr. Barrett, stated
tina, the signing of the armis,icc
lion in t 1uou Arst Sie OF from ssnetH b iI
Will take SOM lit,ic time q recover.
lie cited ,hc cas- o; the textile deal.
ers as an instance. aud SAID.
Before the armist:re was signed the
textile dealer who wished To secure :,
sLooc.o0o shipment o: .eAtiles would
have to place q sI.o0r.0o0 order in the
United States. similar order n Eng
land and L similar order in some other
Sjs da:irs IN rn;S n,nsr Words secure
sired. The signing of the srmis,iee.
!, however. not only caused = substantial
Argentina ALI these baca orders In
sds,ds TO ,h,s ia!ge Guanii,ies Of
Argentine manuf@c, urcrs. Tae rcsui!
is that when LETT Ruenos Ares ION.
Tic prices were anywhere from - 10
York prices.
Cancellation of orders.
Cancellation Of orders were some
What aEErarated by price considers
many. American manufacturers we're
forced TO go 10 the small wholcsa lnr
a And to tke reta'ier in. an effort %
for this was that American manutac-
turers and cNrorters did not nave
Of large distributing orsaniSs ION. in
the Argentine. In discussing the ten
Tile trade ~ the Argentine further SIR
Barrett said:
One of tho most interesting phases
Of the prescn, situation is INC present
position OF the German textile houses
the hands Of England and GERMAN;
. for long time. NJ the bcsinninc If
the war the large German houses were
date their business. AS result, neg
found themselves with large sums Of
money on han'i, which they were able
loans; Now they arc financially ahic
70 take advantace o: the price rcduc.
Viii PRACTICALLY give them control OF
the market On The oihar hand, tn.
s Enesh Of h ,s, hay s,cS on h.nh arsy
order for many r-onths. aud which
order for many mouths. and which
the very peak, This natural, gives
the Germans 4 surstaaj;sl advantage.
ano for. That rcaScn il can he stated
that much OF ,hr future trade ia tex
t,ies in ~" Argentine vii! have t" 80
through the German houses. lhs uocs.
: o. course afrr. he ';riush textile
trade to Kreaisr c>t.ut than il doe.
me American. for nc r'' son rha;, a.
/, previously stated. the American irade
has conpara'iNcIy no system Of distr.-
: button for text
Labor Trouble RUFUS Market.
one big reason for tho p"or mar
trouble. recnic VINO have been in
close touch with tho si,uHsion -! along
DC not belie.c the trouble is settled
altosether AS "a result there is Il un-
ne
ports just as much AS possible when
we sonsiIer thar iherr MAS . rer."o
time no vessels we're either loaded or
nnloaded, and ,dnmurraGc rats We're
600 per day, there is s.ne Just ii, at,"n
for this attitude European rcliei
work. is also demanding II" small tom
mage, and this is a contributing factor
70 the unusual shortage of ShlrS PER
sonally. ! believe the labor trouble is
/. more or less - aporary. aud viii Gradn.
markets hecia 20 riEai themselves
Argentina usually experiences fin
ancial diiiiru,ti"S about every seven
years. The las, tnancial crisis Was
reached in oic ar 1918. and the pres
ent situation - therefore not un.N.
nee,ed n do no, believe. however.
heen. There is a 10, Of money in Ar-
sentina. II is indeed prosperous
country. crops nave bee. good re-
Gently, and as soon as tho arcumuia
.tion OF stocks is Isl tht; i,mark"; Ar
Eentina VIII aEaiH Lt - Zig buyer al
American goods do 4int Anticipate.
however. that her normal rnrcha scs
viii be as iarSc as her wartime pur.
chaseS have been, and believe | am
not alone in thai opinion. Sales viii
nave 10 drop some "a hat but ;hc war
has placed American exporters IN !,
position 10 hold succo sSiulN a new
and Increasing level "f trade with ar
gentina The activities OF our Amer
lean banks have been a most suhstan.
tial contributing ac;o" to this situa-
lion. We can trutnfuiIy say that a.
sfar as banking facilities arc concerned.
we arg well equipped to handle IA very
substantial Argentina trade
Building tp Industries.
In answer {" an inquiry as to The
likelihood az amy Argentina industries
which have sprung mp during the war
becoming suiiiCle0t!y strong 10 com.
pete in normal trade. Nj. Harriet
stated that there Was some proba biiiy
OF this.
There is growing sentiment, ii.
-hrGentina" continued Mr.. Barrett
for tariffs that viii amply protect
the Argentina industries. The hes;
example 1 can give ofhand Of one OF
these new Industries i the large ce-
nent plant in Ruenos Aires This
plant has ii capaciay of 1000 barrels