The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1921-02-11
WORLDS TRADE
GAIN VERY SLOW
But Little Improvement
Seen Since First Of
This Year

WASHINGTON, Feb. 1o.--World
trade conditions have shown litle
Improvement since the first OF the
year. excepting in the Scandinavian
countries and Belgium, but the
prospects for the future are some
what brighter. the depart mont or
commerce was Informed today In re-
ports from its representatives, III
Europe. Asia and South America.
Living costs in Belgium and tho
scandinavian countries were de
scribed NJ lower by Trade Commits
sloner Cross at Brusscls and Com 81
mcrcial Attache Anderson at Copen-
hagen. The former forecast an Inn
provoment In all markets Ia Belgium
as soon ns the exchange ratio be
comes more favorable. but said that
a general lowering Of wages and In
crease In unemployment might be
looked for before tho end of Febru-
Iary. Improvement In the exchange
situation In Norway sweden and
Denmark was noted by Mr.. Ander-
son.
Situation In britain.
Great Britain was described an on
yhe verge Of financial Improvement
by Commercial Attache Page at
London. who said that the British
were decreasing speculative opera q
tions and that banks had bolstcrcd
the money market by permitting
greater freedom in the matter of
loans Reports were said to be cur
rent that the Bank OF England
would decrease It's discount rates In
tho near future. Mr.. Page advised
OF n noticeable increase OF money
Investment In the British Isles by
American firms and said that dock
improvements were being made that
would tend to relieve the shipping
situation.
British industries were said by
| the London attache to be facing a
troublous period, owing to the evil
dent refusal OF labor to consider
wage reductions.
Commercial Attache Mclean at
Rome pointed out to the depart ment
that Germany was gaining domi-
nance in the Italian iron and sheet
markets
Bank rates were reported lower
by Commercial Attachc Abbott at
Toxic, who added that loans were
being made more freely to business
houses many OF which have for sew
eral months been In severe straits.
Not Brought In South America.
The picture OF trade and financial
conditions in the South American
countries covered by the report was
not altogether bright Commercial
Attache Fecly at Buenos Aires said
that while general conditions in Ar
gentina had not changed since the
first OF the year, banks were becom-
| Ing less liberal in the matter of loans
and little demand for shipping space
was In evidence.
Money rates were reported higher
in Brazil, exchange rates lower and
the unfavorable balance of trade
showing continued increase.
Commercial Attache Mcqueen In
reporting for Chile. said a number
OF large business houses there were
in financial straits but were receiv-
I, ing aid from the banks, while small
er business houses in some instances
were being forced to close. The ex-
change situation. he said. had not
improved and the demand for ship
ping space showed q decrease. He
mentioned, however. that large
crops were predicted with normal
harvesting conditions
| Peruvian government finances
were said by Trade Commissi oneT
Waters to be very unsatisfactory
with revenues not sufficient to meeI
the budget estimates. British in
vestments, however, he asserted
were increasing.
Credits in Mexico, Commercial At.
tache Jackson reported. were hard
to obtain and money tight. lie said
| there was brisk demand for ma
chincry, but the markets were over
stocked with domestic products.