The Washington herald., 1920-12-24
EXCHANGE LACK
IS HANDICAP TO
AUSTRIAN TRADE
Evidence of Business Re-
covery Shown by Busi-
ness Review.

Austria's industries show improve
ment on the whole and d continuous
expansion They are evidence of
the country's- effort to recover and
to place itself on a basis OF self de
pendence. This is of importance to
American business men contemplat-
ing trade relativesA The great
handicap Is exchange. II this
problem could be solved Austria's
redemption industrially would prom
ise great encouragement The pres
ent condition Of its chief industries
is as follows:
schwertberger Kaolnwerke, Ltd.
The working of kaolin deposits in
Upper Austria they started some
years ago have never become inn
portant due to the competition of
similar works in Bohemia. With
the collapse Of the empire, however,
new life has been given to this in
dustry, and a company formed with
a capital of 100000 kronen. The
plant is to be brought up to date
and 1t hopes to attain a daily output
of two to three carloads and to en-
ploy sixty men. 1t Is further hoped
to exploit clay deposits in the neigh
borhood for the manufacture of
Kamig oesterreichische Kaolin
und Montan Industrie, Limited. This
company has recently been formed
for exploitation Of kaolin deposits
near Kreichbaum, of Upper Austria.
A plant Is being erected for the
manufacture of ceramic and supe-
rior paper kaolin, and the manufac-
ture of 'chinaware Is contemplated.
capitalization of this company is to
be increased to 100000 kronen,
and negotiations are being conduct
ed with foreign syndicate for par
ticipation In the undertaking.
Oesterreichische waffenfabriks-
gesellschaft in Steyr. These works,
since the armistice, have been re-
adapted for peace purposes and are
expected to specialize in the manu-
facture OF power cars, sporting
guns Of all kinds, and bicycles for
home and foreign markets. Since
July foundry capable of supplying
castings required for an output of
100 power cars daily has been work.
ing. capitalization has been in
creased from 15,75o;oo0 to 31,50o,0oO
crowns.
Alpine Montangesellschaft. This
company proposes to erect new roll
ing mills, in addition to those it has
at Zeltweg for the manufacture Of
refined iron sheeting.
Wiener Suchy-Werke A. F. A fac
tory is to be erected for the manu-
facture Of salicylic acid and to ex-
ploit oil-shale deposits, near Euf-
stein. Water power is available in
HA ass ~
ized in connection with the shale
workings.
Erste Oberoesterreichische Bau-
ernzuckerfabrik. Limited. Estab-
lished at Suben on the Inn last
March; has a factory nearly COM
plete and hopes to turn out first
Output will probably amount to g.
100000 kilos and may be increased
to 100000 kilos.
Permanganatfabrik, Limited. The
output of these works, 1t Is hoped,
Will render the home production in
dependent of foreign supplies and
raw materials.
The Aktiengesellschaft fur Chem
ische Grossindustrie at Blumau, Low
er Austria, a merger of the muni-
NAOhS laCNOEy Shoud-"tThe "GIZleI
A. G., with the Statcomunitions fac
tory has been made in the sort OF a
nationaliZed undertaking. Tho new
company is to turn out an organic
chemical products as a basic mate
rial for the chemical industry. This
plant with a capital of 1000, 900
crowns. Is already working, and has
several high officials on its board of
directors.
The Chemischeu werke, SoIlenau,
were established to take over former
government munitions works, to be
run under common management, the
state being responsible for liabilities
incurred
The Obercesterreichisch wasser-
draft und Elektrizitats A. G. at Lins
was also Joined by the Austrian state
In the capacity of founders. Asso-
ciated as founders are the provinces
OF Upper Austria. the town of Linz,
and two private companies. /. e.. the
Autrian small arms factory at Steyr,
and the Tramway and Elektrizitats-
Gesellschaft. Linz.
Alpenlandisohe Torfindustrie Ge-
sellschaft, founded with state CO.
operation for the working of peat
deposits in Styria.
Riva G. Ltd, soap, perfume and
chemical goods manufacturers at
Atzergsdorf. near Vienna. Share
capital 100000 crowns.
Neue Veredlungsverkehr was es-
tablished in German-Austria some
time ago as an expedient for the en-
of industries and ex-
port. Under this raw material is to