Evening star., 1921-12-11
COUP IN GUATEMALA
is BLOW TO UNION
Overthrow of Herrera Government Is
Regretted Here by Friends of the
Central American Republics.

American division Of the bureau Of
foreign and domestic commerce of
the Department Of Commerce. This
| report is considered to be one Of the
tions in Latin America recently made.
Argentina is pictured by Mr.. Smith
as waiting for the outside world to
become purchasers Of her raw ma
| normal. Relations with The outside
depend upon prices which can be OBJ
tanned. and. of course, the demand for
Argentine products.
The soundness of the government is
evidenced by the recent loan by a
group Of New York bankers Of $50
100000. covered by treasury bonds
bearing interest at Z per cent. AL
though the amount of capital invested
in Argentina during and Immediately
amount, Mr.. Smith points out. the
origin being confined to the United
States and the neutral countries. there
has recently been an influx OF Brit
ish capital. favored by the exchange
rate. Several important British en-
their business in Argentina. while
German capital has participated to
some extent in the exploitation Of her
natural resources.
American. British. German and Chill
can interests are becoming interested
ah ShC poSoluiikicS o1 IN
Argentina, and the government 10 ex-
tending operations in some territories.
Business failures have been marked
in the last three months. Mr.. Smith
declares. and exports and imports gen.
orally have decreased. A favorable
indication of improved conditions was
shown in the reduction OF stock held
in the Buenos Aires warehouses. A
normal crop is expected this year. I'M
migration from Spain. Germany and
Italy has been increasing from month
to month and as n result unemploy.
ment is increasing and labor Is cheap.
y !: Il y
Brazil's slow but sure recovery from
her economic depression is described
taken by her government to apply
remedial measures. Her unfavorable
balance of trade seen in the first seven
months of the year is being cut DOWN
and return to normal Is forecast by
the Improvement in the exchange
rate.
Increase in BraZil's exports is due.
in part. to the new industries devel-
oped as the result of her inability
during the war to obtain raw mate
rial and to the fact that her two main
products of export-coffee and rub
ber-found a restricted market. Bra
I'll is described as being in a unique
position in South Americas recupera-
ton because of this increasing eco
nomic independence.
Chief among Brazil's new products
for expectation is frozen meat. which
a short while after its creation as an
industry occupies an advantageous po-
sition in regard to Brazilian exports.
Cotton. sugar and rice are listed
among Brazirs new articles for ex-
port On large scale. and recent ef-
forts to revive the production of sugar
in Brazil have placed that commodity
second among the country's exports.
The increased variety of her prod
ucts has made Brazil field for keen
competition. and within the last year
Ioreign miss IONS have been numerous
/ and the establishment of chambers
of commerce and other cooperative
organizations frequent. French.
British. Italian and Belgian missions
have visited the country. Germans
| and Japanese have been active and
I America have been eager to capture a
portion Of her trade, Argentina. es-
! pecially. having exerted efforts in this
direction.
improvement noted in Chile's condi-
: tion in September has continued Mr.
Smith states, and the general tone Of
conservatism he notes among Chile
an importers is described as indicat-
ing more complete and wholesome
Liquidation.
Imports have generally decreased.
while there has been an increase in
| the export of agricultural products
and copper bars.
The efforts of the Peruvian govern
ment to improve economic conditions
| have aided in bringing about a favor
able aspect there. and the present
congress has under consideration
! measures of great Importance A law
passed by the Peruvian congress last
october provided for the reorganiza-
ton of the customs and gives the
president authority to secure foreign
personnel. An American has been en-
gagged to take over this work.
Government supervision has been
extended to savings banks and in
surance institutions. Government at.
| tention is being directed to the con-
struction of cheap model tenement
houses.
Government finances are pictured as
] being unsatisfactory generally. and
, difficulty has been experienced in
| meeting government expenses. There
are arrangements pending for a $780,
F! 100000 loan, which, 1t is hoped, will
| improve matters.
German, British and particularly
Japanese activity in Peru has been
marked recently. and Americans are
meeting keen competition. There is
no American chamber Of commerce in
Peru, but one probably will be ss-
tablished within a short time at Lima
| Peru Will push to completion sew
eral projected railways and new con-
cessfons have been granted. A new
steamship line. promoted by Chinese
| interests in Peru. will run between
| Callao and HonRkonR