New-York tribune., 1921-10-01

spect TO 1orner reports comes as an
,accoMNiatlve result of abnormally
loW purchases during the month. savs
''c uePaftment IN making public re
port on the cables. and a greater for
"aFq movement of exports, including
wool, cotton and hides at substantiajlv
higher prices. ~
Exchange rates in all countries "
says ,he department, "remain unfavor-
sole a Tor importation from the United
states. Slight gains have been made
OWING 10 the anticipation of actual
consummatloN Of exterior loans or TO
favorable trade balances for the month
european competitors continue to gain
ground. and it must be expected Tia +
TINS VIII be the case as long as their
currencles maintain a more favorable
Ieiaton with respect to those of Latin
America - u
ne large amount of general mer-
chanc's 'se accumulated in various Gus
tom houses either from abandonment
or other causes has been withdrawn
almost in it's entirety and is now being
absorhed gradually by the consuming
public. %
This recovery noted during Septem-
Der promises to be permanent in char
ac'er and seems to indicate possible
early resumption of interest on the
paf' OF South American import houses
IN replacement of stocks.
Labor unrest is still a disturh;no
factor in some localities. althongh
strikes are few and causing no serious
hlndrance to trade
During this period of diminished d
sales opportunities American manufac-
turers and exporters could make vain
abie use of their time by strencthening
Their export organizations, keepinr
thelr clients posted regarding new de.
velopments of goods. and in general
preparing to handle efficiently the busi-
ness which they may properly expect
as condltlons once more approach nor
NAL "''
- In the Argentine larger trade with
germany is reported, with German
ce.o'mpet!tion forcing prices still lower
ne eStlmated decreases of prices of
cCMModlfies IN that country compared d
VITA prices obtaining last year are F.:
oolens, % per cent; cottons As per
cent: silks, 40 per cent; general dry
goods, 20 per cent; and mems clothing
23 per cent
me brazilian market for chemicals
IRON and steel and electrical goods is
cohSlderably improved, according to
lhe report. strong movement for the
permanent valorization of coffee has
been begun and the government is
stilI paying valorization prices for
coffee at Rio de Janeiro and Santos
German competition also is felt in
KrA2ll and the German prices in general
are 10 to 30 pcr cent below American
prices. German prices, however, are
rising.
In Mexico slight but definite i'm
proVemcnt in the economic situation is
noted. Bank credits are easier and
railway conditions better. Prices of
raw materials are rising and more
confident spirit is felt regarding
future conditions Demand for import,
ed merchandise is still lieht. Although
American goods have declined in price
Mexican merchants arc of the opinion
that good prices can be obtained sooner
or later for their goods and are main
tanning their old prices.
Increased activity in cotton has
helped The exchange situation in Peru
and the general business outlook is
more promising. The official estimate
Of the cotton crop is 10 to Is per cent
below last year There has been q
noticeable increase in the expectation
Of cotton.