The Washington herald., 1921-07-17
Business-Industrial Resume.

DuSHICSS-ltlQuoui I\SooiliS.
nETTER business conditions prevail in Austria
X ia China, France. Germany and England and
- conditions arc worse in the Strait Settlements
Japan the Dutch East Indies, Czecho- Slovakia Italy,
Scandinavia, Spain Brazil. Chile. Mexico and Peru.
according tothe monthly cable adxices received at the
Department Of Commerce from its representatives
abroad
AUSTRALIA.
The financial situation in Australia showed some inn
provement during june reports Trade Commissioner
A w, Perrin in his monthly cable. although exchange
on the pound sterling declined to say compared with
$3os month ago.. Money is easier and it is no
longer difficult to remtanccs for amounts up
to Eeooob but the banks still insisting that the
importers reduce their requirements as much as pos
sble Stocks OF import merchandise have been reduced
somewhat and alrady inquiries being madean some
lines 1t Is thought that wholesalers may begin buy
ing again after taking account of stock on June 90
the close Of the fiscal year.
CHINA
Chnas trade outlook is better than at any
time during the past year, cables Commercial Attache
Julcan Arnold from Peking. stimulation OF trade
with Germany has been the direct result of the Sno-
German trade agreement concluded in the latter part
Of May The financial situation is improving owing
to decreasing speculation in silver june settlements
Of the Shanghai stock exchange very satisfac-
tory concluding three months period which was the
most encouraging since the armistce. contributing
factor of no small importance to this condition is
steady exchange which is quoted at $2o3 Mexican.
banks buying rate for ST United States gold. CON-
pared with $rs6 Mexican year ago and $aos Mexi-
can on June 4 The telegraphc transfer rate on New
York was $o64H on July compared with $o62N on
June L Stocks Of silver in Shanghai banks equals $780,
100000 Mexican as compared with S6ooooooo Mexican
year ago and $4,000 900 Mexican June The banks
discount rate is per cent. the same in June.
FRANCE.
Inrreascd activity indicated n monthly cable
from Paris from Trade Commissioner J. F. Butler, in
that many loans being authorized for
Of feconstruction and for improvements The labor
situation be growing more satisfactory and
laborers in many lines of industry have become re-
signed to lower wage scale
Loans have been authorized by the municipality OF
Rheims in the amount Of I2ooooooo rancs the city of
Vcrdun for 6o,oooooo francs, and by group OF re-
6ners and manufacturers for 2oo.oooooo francs The
bonds will be tax-ree and bear per cent interest,
guaranteed by the government. The city OF Paris
has authorized an issue of municipal premium bonds
in the amount of Soooooooo francs bearing cent
interest," and the chamber of at Rouen loan
Of 100000 francs for port Improvement
Advances from the Bank of France have been re-
duced by the to z5ooooooooo and the out
standing circulation Of notes to about 37.soooooooo
francs.
Subscriptions tothe twoyear treasury bills. which
closed June a. amounted to approximately sooooooooo
francsA The minister of finance is contemplating
she issue Of consolidation loan toward theend of
the year.
GERMANY.
The monthly cable report Of H. H. Adams. represen-
tatve of the Department Of Commerce in Berlin, dated
July states that the financial and Industrial situation
Is improving. Checking and savings deposits in the
banks are increasing
Bond issues and the increase of capital for May
total I,7oooodooo marks in comparison with issues
amounting to arsooooooo marks during April. Val
liable mining properties in the Ruhr and Slesian fields
have been offered for sale.
UNITED KINGDOM.
Trade Commissioner Wilbur J. Page cabled, on
July a. that general feeling of optimism regards
the Industrial situation prevails in Great Britain The
.dctio., IN the hank rate and the settlement of the