The New York herald., 1921-08-28

Special Gable to THE New YORK HERALD.
Copyright, 1921, by THE NEW York HERALD.
New York Herald Bureau.
Berlin. Aug. ~.
Germany's cycle Of autumn fairs, be-
gun in the middle of August, is at
tracing many buyers from the Baltic
Provinces. The fairs will reach their
high water mark in Leipsic next week.
Then a bid will be made for eastern
European business at the fair in Bres-
lau early in September. The cycle will
terminate In Frankfort late in Sep
tember, when the Germans will seek
to reach out for French and western
European trade.
Unsettled economic conditions give
German industry and commerce ka-
leidoscopic appearance which makes
a detailed picture of industry in this
country difficult to form. The main
characteristic OF the present German
market Is the heavy buying of articles
of prime necessity in anticipation OF
rise in the value OF the mark after the
heavy slump recently.
Less Foreign Buying.
Foreign buying is restricted to the
Western countries. Other markets are
inactive owing to home importation.
tariffs or economic depression. Ger
mans fear rapid rise in prices inside
a few months and are buying necessary
textiles. shoes and household articles
now. The market for luxuries has
shriyelled and outside buyers are going
more slowly than they did last year.
The Koenigsberg fair is intended 10
attract Baltic buyers. The Lithuanians
are the largest among these. buying
many goods which they intend TO snip
into Russia. Other Baltic States are
banlSrunt and are unable to send buyers
TO the fair but have sent ministers or
export and journalists to study the
exhibits. The displays Of agricultural
machinery attract the most notice
There are many buyers for light ma
chinery but few for heavy. The tex
tiles and cotton goods are entirely SOLD
out
Ordinarily. there are many exhibitors
at the Leipsic fair. Inquiry BY corre-
spondent for THE NEW YORK HERALD
brought the information that the porce-
lain market was bad. The absence OF
home building eliminates the home de-
mand for domestic porcelain. and for
eign buyers are few because of the high
foreign tariff German manufacturers
find a limited market for modern porce-
lains in South America, but complain
that the United States wants only fmi-
tation old Saxony and Berlin wares
featuring expressionless innovations.
Music at Low Ebb.
Music publishers and piano manutac-
turers complain OF bad times. The lux
urv tax discourages home buying and
neighboring countries are overstocken'
Prices are Comparatively low. There Is
much curiosity over a new phonograph
invention which is represented as des-
tined to revolutionize photograph man
ufacture. Also there is a new SOUND
magnifier which doubles the ordinary
range OF the instrument
The leather industry reports steady
orders and satisfactory outlook Man
facturers will have a large exhibit OF
novelties at Leipsic. Textile manutac-
turers are making extensive prepara-
tions IN anticipation Of large orders.
especially for common cotton goods Inc
yogtland lace industry again has orders
on hand.
Electric Company and other large
trusts" have large displays Of ma
chinerv at the fairs. Few American
huyers are expected, however. owing 10
the heavy tariff on foreign goods enter
ing the United states. There are fewer
scandinavian buyers than heretofore.
but many Dutch are expected next week.
German importatlons We're hard n't
~ the Customs Bureau decision 70
change the theoretical relation between
gold and paper from nine to fifteen pa
per marks for each gold mark. as th's
practically doubles the import duties.