Evening star., 1921-11-13
REPUBLIC OF PANAMA
HIGHLY: PROSPEROUS
Finances in Good Condition and Take
+ Are Low-Other Latin American
Nations Show Improvement.

with New York bankers and exporter
in regard to the present investmen
and trade. situation in Ecuador.
A. Brazilian coffee mission, sent b
the United States by the state Of Sa
Paulo to attend the national coffee con
ventiDn in New York, came to Wash
ipgton last week and was received an,
entertained at the Brazilian embassy
The mission was also received by Off
Gals of the United States Chamber
Commerce and the Pan-Americai
Union.
Santos. the port of Sac Paulo. through
worlds supply Of coffee passes, sen
this mission to the United States
negotiate better commercial under
standing between coffee men in th
United States and, Brazil. The visr
| will be returned the first Of next yea
green coffee men. roasters and retailers
! who will sail for Sac Paulo from New
York some time in January.
The Brazilian mission is now on
! short tour Of the United States, which
includes New Orleans, st. Louis ant
Chicago. The mission includes j. Car
/ los de Mello, vice president Of tn.
chamber. Of commerce OF Santos; Ro'
berto de Sioac. secretary OF the cham
! ber; Achille Israel. one of the director
| the American Chamber Of Commerce
there, and Brenno de Camargo. secre.
! tary OF the mission. Accompanying ths
mission on its tour are Sabastiao Sam.
paio. commercial attache. Of the Bra.
lillian embassy here. and Theodore Lam.
gard de Menezes. representing the
Brazilian Society for Promoting the
Use Of Coffee.
MI. ..;,.;., -oo-ayapt;np tho stafeg
of Guatemala, Honduras and saliva.
dor. of the United States of Centra!
America, sent to this country to urge
recognition by the United States oil
the new republic, reached Washing
ton last week. 1t is composed OF ar
Francisco Lima of Salvador. Jose
Malos of Guatemala and DR.. Vincenue
Mejia Colindres Of Honduras.
Recent reports of the United States
Department OF Commerce show
gradual but continued improvement
! in economic conditions in Argentina
Brazil, Chile and Peru. although ex-
ports and imports in those countries
show no appreciable increase.
In Argentina German activity is
marked and imports from Germany
! continue to- increase with a -corre-
spending decrease in imports from
| the United States. Foreign capital
| in Argentina-British, American and
German chiefiy-is directed largely to
investment in the petroleum industry.
|. The success of recent American
| loans seems. to have made good I'M
! preston in Brazil, and business is re-
| viving, sales showing a marked IN
1 crease.
Chile shows no immediate prospects
! of staging revival in trade. al
J though the improvement noted in
F: September and October has con-
i reports from Santiago. Foreign
i trade is inactive, he reports. although
imports are gradually Increasing
Mr.. MCQUEEN urges Americans to re-
main in the field, although the send
! ing of representatives at-present may
| prove improbable. The future should
| be considered, however. he states. ano
revival in business which. Is on Its
| way.
| establishment of foreign branches
! and agencies other than the United
States, he reports, which shows that
| European competitors are preparing
to develop good will and make tneii
plans for the future.
The proposed loan OF $50,00o,oog to
Peru. to be guaranteed by customs
receipts, under American supervision
has done much to brighten the stu
alton in Peru, according to CONNER
cial Attache Dunn, reporting Iron
Lima A committee Of New 1ork
bankers Is due in Lima the latter par,
of this month to negotiate for the
loan and for the establishment OF a
| national bank of issue. to which on.
nosition, at first manifested by locd
| banks, is said to be diminishing.