The Oklahoma City times. [volume] (Oklahoma City, Okla.) 1908-1984, 1919-05-30
YANKEE TRADE
AGENTS ENTER
WELSH FIELDS
America Begins Industrial
Invasion Of Britain,

lHN Universal service
LONDON May " - America,
invasion oi BriIain'S industrial mar
lr' Is well under way Tho Welsh
coal fields are oycrilowing with
Yankee missionaries intent on getting
a ioolhold ON ,hi, side Of the water
Taking advantage oi the unpre-
pafedneS oi the English manuiactur
er lle'men are offering to fill or
drrS for producers who are unable
90 execute contracts on time, owing
10 the shortage OF raw materials and
labor.
American houses have been sue
ct'Siul IN conerlng a goodly por
ton oi the IRON. steel and tinpatc
hafkrt and arc hot after the coal
market Their agents are offering
the prospective British customer
coal placed on board az Newport
New, at %l0 ton. which IS about,
hall the price Welsh mines can de
liver coal o. b. at any, Of the
Welsh ports In addition they arc
guaranteeing deliveries at certain
dates, which the home colliery is alb
solu,ely unable 10 do.
In the Swansea manufacturing re-
glon, the center oi Welsh industry
merchant, and others arr heng
waited on by American representa-
tiyeS endeayoflng to obtain orders
that canuo, be supplied through tht
usual British channels. The sug
geS'ion IS made that any order, tina,
canno, hc executed will he supplied
by America. TO mutual advantage.
willing to Face Loss.
II is believed that even II the over
turt, Of the Americans are not sue
c,,,iul and all evidence is TO the
contrary. they will prove forerunnerS
oi further competition on America =
par, and that American producers
viii he prepared to face an INITIAL
loss IN order 10 secure well.eStab-
ll,hcd footing
There is no question but that the
American manufacturer is IN earnest
in his endeavorS TO capture a large
piece Of the British market Repre-
SentatiyeS OF scores of the largest
business houses in the United States
are in London and many more are
on their way. Armistice week was
hardly over before Americans already
in England began their sales cam
paigns. and the fact that they are
able 10 guarantee deliveries IS great
~ in their favor.
Financial Position Lost
England has lost her formerly
grca, position in the world ot I'm
ance No longer doc, London con
trol the gold and steel mar,s. Slowl,
but surely during the past five year.
III. balance Of trade has passed tc
America, and the present condition
Of sterling exchange shows sui'l
cen,ly that London is the debtor he
yond any possibility OF oorree'ini
the exchanges-,hat is, OF balancin.
them by gold payments. That sh'
cannot balance them by goods pay
men,s is aparem from the prices
which for s,el plates Elm England ar'
1922 and $50 80. while in Americ'
bars arc sold a, 1884 and $50!
and rails 80 and s45 respectively
And. owing TO the advance in pig
iron prices here, consequent on 'h'
withdrawal OF government eon'ro
and subsidies, ironmakers have de
cided to advance bar iron and NriT
iron nearly l5 ton. Marked par
are advanced TO 1880 a ton iron
MAY ! :,
America can produce more oheapll
than England That TACT is BEN!
demonstrated daily The prospect o
Britain producing more cheaply de
rends wholly upon the prospect o
cheaper labor and coal, prices o
which are steadily increasing, viii
no signs Of ever again approaching
ore war basis. SO the cards seeme'
10 he stacked for America.