The Washington herald., 1921-02-25
u. S. COMMERCE WTTHSOUTH
{ AMERICACO CONTINUES TOGROW
Facilities Are Now Provided for Extension of
II Credits Through Edge Act.

Americas trade with sthe big
four" Of its South American neigh
bors passed the billion dollar mark
In 1920, showing an increase for ex-
portss and imports of 1927, ,0oo, 900
over 1919. The same announcement
issued recently by the Department
OF Commerce reveals that this de
seIopment with South America also
indicated a falling of in the export
| of American goods to Great Britain.
France and Italy and an increase in
imports from those countries. These
figures are causing comment in eN-
port and import circles as they give
evidence. of a realisation in this
country that beside Europe there
are other fields OF trade which offer
tremendous opportunities.
! American trade with Brazil, Ar
gentina, Chile and Uruguay totaled
81 ,044, ,00o, 900 in 1890, compared with
$4,000. eco In 1s1ssT Exports from
the United States reached $4,000
600, an increase of more than $780,
oeo, 900 for the year, while imports
were up s25.00o.o00 to a total OF
S5S7, ,000. 900. Increases in our trade
with Cuba. Mexico and Central
America also were large. Trade
with Cuba alone in 1920 exceeded
| 81. zoe. 900. 900. representing an In
crease OF s5oo.ooo.ooo over 1919.
situation Gratifying.
This situation Is gratifying TO
those in this country who have
| been insisting on the necessity for
DEVELOPMENT Of the South Anne rican
field as part OF American foreign
trade expansion. II often has been
emphasized recently that the mar
kets of such countries as Brazil.
| Argentina. Chile and Uruguay Will
| he the markets again sought by
| England. Belgium. France and re-
vivified Germany. Belgium. with its
| knowledge of the Importance OF
| foreign trade. and the value of in
vcstments in foreign country az n
| factor in aiding trade, has been
| studying the Brazilian field practi-
cally from the tim0 after the armi-
| Stice when the first small wheels
began to turn in its reconstructed
| factories. The king of the BelEians
made a special voyage TO Brazil To
| establish cordial relations. Portu-
| gal with its kinship of Language
| has been a regular competitor OF
this country for Brazilian trade
| during the war. Germany knew
| and catered to the commercial
| needs OF all South American coun-
tries before the war. and 1t cannot
be conceived that. that country now
will neglect to use the knowledge
| in its possession. or avail itself Of
the markets which took such guam
| titles Of it's manufactured products
| before the war.
All this means the strongest sort
of competition for American goods
| in South America. Competition
means credits American houses
which did business with Argentina
Brazil and other countries to the
| south. .beforr the war know that
| longer credits were demanded in
most instances than could be grant
| cd by American banks. South
Americans were always in the mar
ket for products from the United
States. but often took inferior ar
| tiCles from elsewhere because the
terms were better.
American Goods Sought.
South America still wants Amer
lean products. judging by the in
| creased trade reported for 1920. hut
with goods beginning to come in
from other countries on better