Evening star., 1920-05-30
BIJYING BACK FOOD FROM NORWAY

public shows q decided preference for
the home product. and the demand
for foreign, or American. chocolate 10
fast diminishing.
The most Important Of the condi.
tions affecting the American market
dollar exchange. From about June
1. 1915. to November !. 1919, the DOL
lar advanced gradually from the nor.
NAL Of SIS crowns to about $50
crowns, and after the latter date
jumped rapidly to a. hish as.h as $3.50 80
purchased ct reasonably normal rates
had gained enormously In crown
value by the trip to Scandinavia, and
when low return freight rates were
taken into account. a. we'll As rising
prices in the American market, 1t
foods in Amsrica and start them on
The return trip - soon ~ they ar
rived here.
T.
Low freight rates from Scandina-
vian ports to the United States Gas
compared with rates
Reason for from the United States
to scandinavia) result
Low Rates. from the dimculties
the shipping companies have in OBJ
tanning freight for westbound ves-
sells. and especially from Norwegian
ports.
There has besn competition between
Norwegian and American lines. and
lately the situation has been made
more acute By the orsning Of =
frsight-rate war" between the Nor.
wssian-Ameriean and the smaller
Norwegian lines. The present rate
from Norwegian ports 10 about 70
crowns per cubic foot ton (normally
about t1o.72, but at present exchange
rates about 80.
In addition. prices have risen stead.
y IL sa: show IT. thu sh point
food prices was reached in. November
and December, 1919. and that . slight
decline hes begun. Raisins have been
especially affected IN this manner.
bergen importers bought in Novem-
Der and December. (. Q. b. san Fran.
February and March resold to New
York York buy buyers: : {: .. b. Bergen At 20
Another phase Of foreign trade that
10 being given particularly close at
tention by Congress in order. that leg
adequate protection and encourage
ment to American interests 70 the un-
precsdsnte6 opportunities offered In
China, - reported to the Commerce
Department by Julsan Arnold. com.
meFcial attaehs ct Psking.
AA
In these columns this subject was
previously discussed. A second vol.
ums Of Mr.. Asnold'a
Handbook commercial and economic
r.,.. studies 10 just coming
On Vaaa3 or the press Tor distrt.
butien by the bureau Of foreign and
domestic commerce. This IL . val
liable commercial handbook Of China.
II outlines particularly the measures
necessary for strsasthsniag the posi-
tton Of the United States In the China
trade. Encouragement should bs giv.
On. Mr. Arnold believes. to American
loans to China and to the sale Of
Chinese ssouritiss In the American
market. American shipping facilities
should be provided sumcisat 10 handle
the American trade on the Pacific and
sns aaa:ss.: :.ssua avs 5.
Amartcan arms wishing TO operate in
China. requiring that at least 81 per
cent Of capital stock and . majority
OF the board Of directors be AnsEi-
can. Joint Chinese American enter
prise In China should be eneouraGed.
4 coed American news service should
he establi0ha6 IN China. American
capital should be eaeoufAgeo to par.
ttclbAte IN . lafee way In develop.
ment possibilities lin the republic.
WILL p. KENNEDY.