The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1919-06-22
| MICH IMPROVEMENT
IW TRADE CONDITIONS
s ot Imports Regarded Hs an
li"s - ot commercial strength
u,thcr Than Weakness.
fsnRopE RECEIVERS SLOWLY
..,,rollty Of Trade Conditions
INJECTED to IIcmain for u Long
.r,mc Yet, says Authority.

Itms lti, NA9 y
Il .,.s.ng the present financial
4 .f|Europe, American Guud7
ID ,...Ign markets, the scml-
,rylow OF export trade con-
'D. The Guaranty Trust COM
,o' <aw York, says In l's cur
E,tag issue. -.,,,. hoo, comment
I.B I'm show that the dcmorhl-
.,.tipu caused by four ana oIlo 'la'1 ~
r. az war was more "lutSP' e"I
"A moro profound thaps we n.a'nl nan
,,ovr. and that European couhu ,'F 'T
~, recovering their stanlll'y anu
H., rr.iuCuyity moro Slowly tnai'
- have been expected 'd'n
~ nD. 90 take into cohHld eIa' iou
,.,rupndous nature OF me buI uth
1...fr.ei by the allied nations Wh'h
=, sc, out TO win tho war no.
10 remember tnat tho changer
4. .,ra,nir conditions which ihe WS'
4 .,uI..ht about mean "a rtIhonlu
~ t1, whole financial structure
IL puropc. Until the foundations
t,,n laid the work mat mas
l,,n done viii not clearly
1 ..uf And unul the foundh-
ta,s been laid, also, II VIII De
,g...slc for tho manufacturers
4 r,rrphants TO make iher plans
4 me Hwrc. , -.
1 rf. fundamental problems how
Ar. being attacked ana solNed.
frN days ago the dispatches
|,rht word Of the new and more
..i,c iaNation schemes OF poth
t,euch and Italian governments.
%, ,hts news there was AN I'M
,t, improvemcnt In the eh-
,os, situation with regard TO bolh
Aries Tho boldness OF those VINO
.5no,,rd and adopted these new
indicates not only the strength
ito Governments which they rep
80, but also the popular under
,o9ing Of the seriousness OF me
alton and the willingness to
,u.dcr the responsibility for the
measures which can save H.
slowly Improving.
Travellers returning from Europe
.ng word that the situation IN gem
Is slowly improving For IN,
.urre travel conditions, while sun
from normal, are much beV't
Ia they were only a month or Two
u Trains are more numerous ana
h. schcduics are more closely ad ,
red 10. "A the time for the actunl
ming OF the peace treaty draws
T. Tho morale OF the peop.c Is
Aby improving. Their problems
n being defined and the natural
man optimism Is asserting Itself.
II RESUMPTION in Europe Of prodpc-
Fl, og The pre.war scale Will not
.a d, drive the United states
nm lbs position IA one OF the lead
,Xport nations, the review says.
However abnormal may be the
son, sale abroad OF the goods OF
y, United States, it IN an abnorm-
La which will probably continue
some little time; and readjusi-
rent when II does come Will not
z,oro pre-war conditions The
Il ,gdnic changes which the war
brought about will not be OBJ
Ef-,'.7. ly "A resumption Of fun
kfs production by the industries
b. Europe A large American oNporl
uds s definite and continuing
ha.io- In the worlds affairs"
II Concerning tho present great pre-
Hnudpranre " exports over Imports
h. me probable reversal OF the fig
rcs through extensive american In
II Snrnt In foreign securities, the
Kvcw says.
n Condition Not Tnfnyorablc,
II 'l, is quite possible that. what
Vu'h the great payments already
p us. and the increasing flow of
1lls resulting from our invest
Ern'y the imports OF the United
II 'cs would ultimately be greater
Uvn the exports, unless n tariff
Earr.er we're placed to make 80 bet
from a financial point OF view
r'Invcst The earning OF our in.
k''wcnts IN tho countries of theii
KIN. rather than TO accept pay.
Hrn' IN goods.
Barring such a possibility. tho
lpHrirranco of Imports over eN
- "-.l not but be regarded a'
t''jencc ~ strength, rather thar
ls.tSs. II would mean that thl'
u'rN had achieved tho position
lN.rl hy Great hrltain before tn,
p ships from all parts OF th'
De carried goods 10 the British
e returning with prosucts who's,
lc 'otalei far less. The differ
" or course, was made up II
ld'nd payments. and were the re
n0 capital invested by the Brit
over a long period OF years, Tn,
no hing was true OF France an,
e'nl other countries wherein for
Investment was accepted aa th'
Elr'A' policy OF the people II
.',"s u Ia necessary 10 distin
H 'h between the so-callcd trad,
N anr", and the actual financia
.rc which includes not on!
2d', but all values"