Omaha daily bee., 1921-07-10
US. Trade With
Germany One of
World Wonders
while Still Technically at War
Commerce Increased Rapid.
ly; New Record Ex.
pected Soon.
By HOLLAND.

By HOLLAND.
1t will not be necessary to wait
until commercial treaties with Ger
many and Austria have been nego-
tiated and accepted for the expected
increase in trade, especially with
Germany, to begin. If we had been
gaining trade with the rest OF the
world as we have already gained
with Germany, even though we were
technically at war with it, differ
k~ent report respecting our world
4 trade would have been published. 1t
IS one OF the most significant and
important features of our trade situ-
alton that we should have been able
to maintain total trade. with Ger
many in the IL months which ended
on June 80, $440000,000 greater than
the trade of the year which ended
June so, 1919.
In the year which preceded the
outbreak of the European war, the
end OF which was only two months
earlier than the march of Germany
towards France, our trade with Ger
many was nearly $550,000,000. She
was buying enormously of Ameri-
can raw material, especially cotton,
and we were in return purchasing
German dye.
Big Trade Increase.
When the war began our trade with
Germany practically ceased But 1t is one
OF the wonders of world conditions
they were Immediately after the arms-
tice was signed that our trade with Ger
many, back and forth. began Immediately
to Increase. not slightly, but heavily. Ger
DAmany needed wheat and flour and in the
past 10 months bought s65,000.0 900 worth
OF this food from the United States. 1t
1t needed raw cotton SO that its cot
ton manufacturing industry. which nor
mally Is very large. could begin opera
ton; She had the expert labor, ample
machinery which was unimpaired but she
needed raw cotton. In one way or an
, other 1t was able to buy American cot
ton OF the value Of approximately $780,
100000. Immediately its mills began
operation and as soon as she can get
enough cotton these mills will be operated
at their capacity; 1t was IN need Of
copper Of the value of 1000 900.
1t probably always will remain
mystery how Germany, still on paper at
negotiate SO many and SO heavy pur-
chases Of American commodities in the
past 1s months. There prevails a sus-
a]ented ] &ow ' Of gold s to the United
States represents Germany's payments for
American commodities. or for some of
them.
Hope Born Of Production.
Earlier in the year reports were brought
to the United States which told Of de-
plorable condition prevalent in Germany,
especially among the peasants and others
who work for wages. 1t Is now known
that these reports were not justified. In
fact, information comes to New YORK tnat
the German people are now better clothed;
better shod and better fed than some OF
thu other nations which were our allies.
The German farmers are cultivatins
every foot OF soil within their reach.
They are as diligent and as successful IN
farmers of Holland and Denmark. There
are no evidences of the war such as would
be furnished II anything like depression
prevailed. Il was publicly reported ed Una.
Gently spent some weeks In Germany as
covered that Germany is industriaily
strong. economically sound although 5ne
value of the mark continues to be de-
pressed The suspicion is that the mark
is kept at its present level for purely
political reasons.
clared and Is to be followed by CONNER.
cial treaties, 1t is the belief here that
our trade with Germany. export ana I'M
port will be so greatly Increased IN tno
next 10 months that 1t will amount TO
greater sum than the record-maktng TRACE
with Germany which was reached in the
u months ending June :gso 30; dsa as1t Don anu
which amounted to nearly $oeo'oo"'VVo'
Balance of Trade.
Although our foreign trade In the past
~ months was greatly decreased, Wasn
ington authorities report that there was
a balance in our favor somewnat IN orfs eaof
nnn ntyV
had been maintained proportionateiy Win
our exports of wheat there would nase
been a better showing for the year JUS
ended than was possible foI .d ahe ths rest Of |
the world bought American cotton rs +hs
hoped they would be able TO 40. tnen nen,IS ia
larger part of our losses IN eApot1
not have taken place. ,s,,. New
some years ago one of the ieaoing H1"
York bankers correctly predlGteo ehas Great
export of cotton, principally TO ths
Ia,na O., about $500 ooo 900. In that way Way
a favorable trade balance OF Seoo o;oov,VseU
would be created because our ,n.;aiIv ,raue
the world upon other items suos'a hongh,
cammodities of the money value OF tnose
which we sold. Now again we can n,,r
The Importance of American COTTON nrsrai IN
world trade. 1t has given US haI
t,u,as In the past favorable trade oai-
ance. -, rottau :.
M, the world was not ouylng cotloa
q, tha IL months which have JUST ehoe oet
The worlds purchases OF nors mhes than $780,
eoo. 900. In the 10 months w wnlen snoer. sn
WI, 40. 1920, Great Britain bought Al a,e noo
1pc TprA cot.on Of the value of $64o. .o0o,oo
In The 10 months which ended April oe'
1ao1 Great Britain bought American G
ton of the value Of little under sasu.
ooo 900. The southern cotton plann'e6e nnn e6e
,t Vvo,00 70 Great Britain only 736'ooV,uoo
nonnds. although in the previous gear noo aoS
poun0 o. q little more than 1,5oo,oo ooo'eoo
pounds. ., tn ,be Washing
ton reports goes far towaros apd also
asa,r illustrates the Importance OF cotetn IN
sn our world trade, praeticaily eouat
~ smnortance of the food products "hlch
Ne sell to people across the sea.
New York Curb Stocks.
following quotations are
nv Logan e. Bryan:
Allied Oil. ...........-.'''' 20
Bostou Montana. ............' % 70
Boston Wyoming .........'..'
cresson Gold .............s.'
Cosden Oil. ..''.'..'' IpA 1x
Elk Basin ......'.'..' 'Eg, *
Federal OIL .......'.'''' CO - "a 10
Glenrock Oil ..............'.' %
5i's4s hssa,l olI oiI ::: :.::.::::.::::: !!se 81
M,dwsst Refining .125 @1S0
s,ivsr K,ns Of Arizona. 10 q 20
Sapulpa Oil ................. Q, sS
Sinnms Petroleum ............ gag rs
Tonopah Divide ............. "a 80
4, s steamship. ............. 5-16Q y
U. S. Retail Candy.....-..... ~
White Oil .................' 81
Foreign Exchange Rates.