The New York herald., 1921-06-12
GERMAN INDUSTRY
EYES RUSSIAN MART
Agreement With British
Merchants Sought on
Trade Policy.
'KRASSINE IN BERLIN
Seeks Credits in. England
and America to Establish
Commercial Relations.
MACHINERY rs NEEDED
British Manufacturer Sees
Broad Possibilities in Eng
Itch parficinatinn
MACHINERY rs NEEDED
Special Gable to THE NEw YORK HERALD.
Copyright, 1921, ov THE New York HERALD.

Special Cable to THE NEW York HErALp.
Copyright, 1921 ov THE New YonK HERALD.
New York Herald Bureau,
Berlin, June Ill.
Reports of Anglo German trade
now prove to be without foundation
and appear important chiefly because
of what may be brought about in the
future. While 1t Is true that there
have been informal exchanges between
some Of the leading British and Ger
man industrialists regarding the Rus
sian market, none of these have so
far led to an agreement on a large
scale, either official or private. These
German exchanges Of view with the
English do not constitute new de-
parture, and there have been similar
conversations between Americana and
Germans regarding Russian trade
prospects.
Just what the Russian trade prospects
amount to was described succinctly by
Sir Francis Barker of the Vickers' Com
pany in a statement which reached here
privately. He said
Russia can place immense orders for
locomotives, wagons, rails, agricultural
machinery, oil well plants, sewing ma
chimes. electric machinery, woollen and
cotton goods, soap and many other arti-
cles. and she can pay for all the manu-
factured goods she requires. giving in
exchange oil, copper, gold, flax, timber,
fish and. later on. grain.
Arguing for active English participa-
tion In Russian trade. he said 1.-The
establishment on a large scale of trade
with Russia would add considera bly, to
the volume of employment in this coun-
try (England) and reduce the cost Of
living"
What evidently inspired reports that
something definite had been accom-
plished In this direction was the meet
ing of Gregory Krassine. Bolshevist
Commissioner of Trade and Commerce
who negotiated the Anglo Russian trade
agreement. and several prominent Ger
mans. The Russian envoy declared
Russia could not take the initiative in
inviting foreign capital into the coun-
try, and suggested that private German
industrialists get in touch with leaders
both in the United States and in Eng
land to. see II suita hla scrediis could BIO
arranged. .-........-.,.----.---------
representative of one of the large st
German concerns and who Is thoroughly
Informed on Russian trade opportunities
told THE NEW YORK HERALD correspond
ent here that no trade agreements re-
garding Russia had been made, although
he said he knew Of one instance where
an understanding between German and
English concerns In Russian border
States had been reached. He made this
statement In commenting on German
press reports that the Vickers- Armstrong
group OF England was arranging for
Russian trade cooperation by leading
British and German industrialists
German leaders deny these reports
with certain reluctance, because they
deal with agreements they would like TO
see entered into. And there Is no pre-
tense about 1t that the American policy
of alocfness toward Russia Is dsap-
pointing to them. When American capi-
tai decides II is ready to supply finan-
cial support for this trade II will be
found that there is a vast German in
dustrial organization waiting to begin
active work toward developing the Rus
sian markets. Hugo SHINES. the Krupps
and Siemens and Halske, as we'll as Ger
man locomotive and chemical manufac-
turers-in other words. the foremost in
dustrial companies in Germany-are
waiting impatiently to reach out for Rus
sian trade. and they are unable to do 70
because of the lack of capital. This
capital. 1t IL anticipated, must come
from America and England, but chiefly
from America.