The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1921-04-09

alons. This y al
pretty blg county.
ftoppiun OIL
word Demands fof
&tII American material
". q. |EI7fIEID began only when
the ofher nations
Ind reached tho limit Of thrlr ability
- nny for otr goods on the short
term credits which ~ have offered.
The wait Nuiumc o. goods sent out
81 this COUNTRY ~ 1919 was financed
Musiiy on shori-lerm credits. and
throughout a ErcAf part 81 1870 the
IIuN continued. but the American
romme1tial bunks werr unable 70 80
and ~ fefore foreign b.Ssne 4 STOP
pins.
Accordingly W have surplus stocks
IIl41 un eferyHNherf-on nharrcE. IN
Warehouses. N railroad ears and on
I4Ims-nud oaF Factories and work
fnfu4cn aro being forced Into ldleneas.
ItIH week. and every week. millions
81 dollars worth ~ orders are being
1o&t 20 Amefican nanunaeturers and
rfoderers through lack o. ione-term
rnNdH machinery. There are orders
orders and slM more orders waiting
lar Responsible dealers. 10 BE- filled
" scores u countries ON n bnsIa OF
from Ok months 10 a o. tNo-year
rfedils.
Accordins 20 a recent statement az
fhe foreign irado financing corpora
lion Inquiries have been received
from reliabi II importers in south Am
erica south Africa. Australasia. der
many. Denmark. Finland. staly and
Balkan states for credits "a finance
NJ purchase OF American raw ma
ttfial. foo0etnns. standard articles
~ n,Anufaeturs ~ manufactures
eptriaifIeE.
The rest Of the world docs want
our wars
Ausil AHA needs automobiles Aus
traIIa has t16.oeo. eco worth of nigh
Hr4oc rerufIflre-fhc product Of hu-
man tnoIt IN that ~innd-which she
j. Wiling 20 pledge.
n The United States had a means
Of tnkluH thoee securities. We could
stIi $4,000. oOo worth % not cars
IN Australia. and 30 keep working
men N Detroit and eIe occu-
Pee. $50
The scandlnatian konRfries are
ready 70 Civ tax warnauts a. coliht-
ornl Tor credits In tho purchnae 81
eicrtr|csl APPARATUS. which they wish
- use In connection with their vast
Nafer power.
belEians are eager 20 buy Amerl-
-" -" 4" MNNNL II ANHNEa AAH
cofadiEg to an American banker re-
ceutle returned. would exceed half a
million dollars N the ncleiadF pur-
tnoeer could obtain lone-term credit.
The prospective buyer has plenty OF
ItiEInn francs. hut the exchange L.
TOO unfavorAbie. Ne has ample So
eurit3 10 oncr on a lonn-tcrIn basis.
Many men may lack IN an
important industrial cts because
nuFerr ir India who want q blast
furnace cannot AFFORD to purchase Il
A. current rates Of exchange, looking
for financing that will carry them
M exchange becomes normal
Ono large motor car cpmllany has
~diniculty IN filling an order for $500
900 a. south America bccanse Of a \
lack ~ Financial machinery 20 grant
Ions -ferm credits.
III n nfiddle west state the manu-
f~astufers are facing q loss Of $50
Boo. 900 IN current export orders from
noulunhnlorn Europe alone. These
ofdcfa are tor IS varieties 81 standard
manufactured goods. Fifteen indus
tries are compelled 20 slow Gown pro-
duffion. with consequent los TO the
E~neul community. becapse ~ a re-
ducficn IN workers. wages.
1hf Amsrican trade commissions
Ia reking recently reported thai the
south Marchurla Railway company.
me largest purchaser or American
pfodurts IN hat part OF the world. I
Intended spending more than $780,
900, 600 in gold upon improvements
a extensions within the next five
years.
ms mean q reaa, market for en-
NIheefing supplies M railwa, ma
terial nom the United states n tho
proper crcdifa are provided.
DeApife M special advnnfAtc Of
Japan IN ManchuTla and the enter
prise OF Japanese merchants Ia flood.
ins D country with cheap products.
me popuiation prefers American
wares because Of their superiority.
One Inquiry for $500. o worth Of
flour came from Poland. ana a eimi.
Iar n from csecho-siovakie. The
Poles wish 20 put up their govern
menf bonds a. security. payable In
American dollarHs due 1870 fof twice
fhf value az the flour
The czechn are willing 10 nut up
sugar certificates on sugar ina - IN
Storage ~ their country. Both com
desire ala months credit
Cerlair large American corpora
lions which have received big export
ordcrs are makJnE Preparations 20
finance their own business. because
rCallze the comnlfrclal bankers
% the country cHnnot further tax
heir bending resources and because
Ihero u M absence Of adequate long
credit facilities. These cor
poraflona Will fhus avail themselves
N . part Of the world demand for
heir products.
Ihaf = ven and good for them.
contains no comfort for the
manufacturers. for the aErI-
.nlluIial. for others whose stocks Dre
bling up on railroad platforms in
surohoueea and on piers.
Several million bales OF cotton are
10 the foufh. apd surplus sup
o. grain are menfiy above the
'ounfltfa needs. because o. the lack
y The proper credit machinery 10 H.
their purchase abrond where
uch commodities are really IN do
.and.
IRE world bought from a. on al
IyIoh scale. paying for purchases
nth securities held here and with
Oh until thf balance ~ trade against
! was wiped oai and Ne came into
o~eaeNnion 81 a crest share Of the
metal
Then other nations borrowed from
y Nute1 states end from com