New-York tribune., 1920-12-27
Cermany's Foreign
Trade Shows Heavy
Slump During 1920
Hamburg Chamber of Com
merce Notes Signs of In-
creased inclination to
Work and Get Results

HAMBURG, Dec. 26 (By The Asso-
ciated Press .-Germany ; fore gn trade
relations, which in 1919 gave some
promise of gradual and substantial i'm
provement, suffered disastrously during
1920, the Hamburg Chamber OF Com
merce says in the annual report to be
published tomorrow. Without re-
vision of the Versailles Treaty, the re.
port considers ii viii be impossible for
Germany to arrive at her normal eco
nomic and political condition
There are some signs of the begin
ming Of a better state OF conditions in
the apparent increased inclination to
work and the desire for better produc-
tive results" adds the report There
Is further movement toward improve
ment of German economical conditions
in the overstocking of foreign markets
with food and raw stutfs"
The report advises against acceptance
of foreign credits by the Germans 'un-
less the stipulations for paying back
the loans are clearly prepared
1t is believed by the Chamber of
Commerce that the United States IS IN
remarkable position for the develop
rnent OF its world trade and it thinks
that the Hamburg American Line Harri-
man shipping arrangement has placed
Germany in position to secure some
snare OF the expanding business
German commerce with South Amer
ican countries is reported to be virtu~
ally az q standstll Mexico's policy of
Official control OF foreign trade is CON
demned by the chamber a responsible
for part of the slump in German bust
ness In that country which, it says. has
been taken over largely by the United
States
The effect Of the American blacklist
on German goods is seen in the neutral
countries of South America. where, ac-
cordlng TO the report. German firms
are finding 1t almost Impossible to re
sumo business. German prices which
are described as 100 high, are declared
TO have adversely affected trade, par
ticulally in Colombia, where most buy
ers VINO contracted with German firms
cancelled their orders IN favor Of the
Americans. The Germans had filled
large orders In Colombia, buo it is now
reported that German business there
has been completely smut down
Trade with Guatemala also has sui
fered severely. In Venezuela Ameri-
cam English and Dutch influence IS said
TO nave grown greatly.
Rather active business has been
opened with Ecuador and Peru, but
there is little commerce with Chile.
--------------------.------------
West rixton 1855 w san Pedro pM
Dec "a
West Islsts "a y capo MaIa Doc ~
Vest Ivis 3616 " Flattery 9 PM Dec 25.
Wesr Jappa 37ss W Fjat-erv 2 PM Dec e.
west Jessup 290 from Cape Flattery PM
Dec a.
wesr Jester 2147 " FIattery = Pm Dec 20
W9st Hhader 200 from Horoluiu M
wsst Keats sao W Columbia Rivsr PM
West Keene 754 W Astoria PM Dec a.
West Moreiand clio EsE Ambrose Dec -
VEST Niger 1916 " San Francisco PM
West Totant ia5 " San Juan Dec "a.
est"ood 900 2 Cape Henry PM Dec ss
4 tow IS Ieber
Wico 40 : Hatt-ras Dec %
Wllhsilnina l42 W san Francisco 8. PSf
Willaston off Cape Henry Dec 2s
1fii,,a1. ~ ~ ~ " Nssrqe4 sE san Key Dec 2z
W lllfam II DohenY AS F. Tampico Dec Is.
WlnneDago ~ y Jupiter Dec 25
" mona County ESQ e Cspa Henry Deo 2s
VIM II. Durton 70 y Hatteras Dec eS A'
Zacapa Z2s Scotland LT Dec "a
AMERICAN PORTS
BALTIMORE. Dec 2s-Arrivea. s4ra
pyefbrook, from Port Loboe Persian. Jacs0
s0nYllte via Savannah. Sailed. STR Dean
n 5s. "0' =
CHARLEsTON S 9. Dec 2s-Arrlvsa
---s@.----'---~--