Amarillo daily news. [volume] (Amarillo, Tex.) 19??-current, 1921-02-09
SCANDINAVIAN COUNTRIES AND
BELGIUM ARE MAKING RAPID
PROGRESS.
PROSPECTS BRIGHTER
south American Courtries Report High
cr Money Rates and Banks Irs,
Liberal In Matter of
Loans.
o. Associated Pres.

WASH IlNGTON. Feb S.-worlJ
trade conditions have shown little In.
proycmont since the first II the year
excepting In the Scandinavian couh.
'ries and Belgium. hut the prospects
tor the futur" are somewhat brighter,
the department. of conmc GO was In.
iprmcd today In reports from iis repre-
$cnintiycs In Europe. Asia and S.uif
im'rica.
Living coaiH IN Belgium and the
Scandinavian countries were dc% gilHd
as lower by trade commissioner Cross
n brussels aud commercial httachs
Anderson NJ Copenhagen. Tho furinri
forecast nm Improvement In all mar
tcts In Belgium ns soon ~ the cx.
change rate became more favorable,
hut said TINT a general towering oi
Sagrs and increased unemployment
nigh, be- looked Ter before the end n
February. Improvement In the ex.
change situation IN Norway Sweden
ana Denmark was noted by Mr An
icrson.
orea, Britain was described M ,hq
verge ~ financial Improvement by com.
ncrcial nttachc Page at London. who
said that the British were decreasing
speculative operations and TINT banks
mad holstcrcd the money market by
permitting greater freedom In the mat
ter of loan. Reports wcre said 10 bc
current that the bank ~ England
would decrease It's discount rates In
the near future. Mr.. Page advised ~
Z Noticeable increase IN money invest
nent In the British isles by American
irm and said dock improvements were
being made that would tend to rcliey.
the shipping situation.
British industries we're said 10y the
london attnchc to bc facing trouble
aus pcriod owing to the refusal of IN
'or 10 consider wage reductions
Commercial attachr Mclean NJ Rome
pointed out to the department that Ger.
many was gaining dominance In th'
italian iron and steel markets
Banks rates were reported lower bt
commercial Rtiarhc Abbott al Tokil.
Aho added that the loans were bcing
made more freely In business hou%a.
many ~ which have fnis several months
been In severe straits.
The picture ~ trade and financial
conditions IN the South American
countries covered by the report was
iot altogether bright.
Commercial attRchc Fcely nj Iiucnos
,ircs N,id that while general cundi.
ti,ua In Arc.ntinu had mai chm crrd
slnc tie first Of the year. hanks were
,cconing less hbcral IN the matter -
loans and little demand fur shipping
space was IN evidence.
NiontS rates were reported higher iu
aipzil, cNclisnEc rates lower and ths
lnavorable balance NJ trade showed .
continued increase
vOmmerciai attacho McQuecn In re-
., rting for chin. aid number ~
large business houses tgSrc were In
financial straits hut were receiving aLi
rom the hanks. while smaller business
houses In soinc intancc were bclnI
'orred To close. The exchange situa'
iion. he sal,l. had not improved aud the
demand Tor shipping spacc showed .
decrease. H. mentioned. however. that
large crops were projected with normal
harvesting conditions
Peruvian government finances were
said hy trad' commissioner Waters q
~ very unfnvornhlc with revenue not
mfficicni % meet the budget estimates.
British improvements however, hc as'
serted were increasing.