davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1922-05-14
What Genoa Farley Cost Italy
Government Said to Have Spent q ,5OO,000 Lire
in Improving Communications and
Furnishing Quarters

Shccsdi Forei0m FtnoNcta' Correspondence
ROME. April s4.-The public here is
keenly interested in the expenses Of
the Genoa conference. The government
is declared to have spent 100000 lire
to improve telegraphic and telephone
plants at Genoa, 100000 lire to I'M
prove the highways leading to the city
and 100000 lire on the conference
itself, lodgings, Offices, etc.
During the war the efficient organi-
zation Of the American Red Cross was
much admired in Italy. and at the
Genoa conference the government has
tried to show foreigners that Italy,
too. is capable of organizing efficiently.
While politicians at Genoa have been
discussing international financial aues-
tions Italian merchants and manufac-
turers have inaugurated great sample
exhibition" The American Chamber of
Commerce at Milan has invited great
number of American traders to take
part in the fair to facilitate trade be-
tween the two countries.
From an official statement it appears
that agricultural production in 1921
was very satisfactory Over cult
waited area Of 4,7I0,OO0 hectares "a hec-
tare is 2.47l acres) the production of
wheat is reckoned at 5a,4S2, 900 quintals
Ca quintal is o20.46 pounds), against
3S,466,oQ0 quintals in 1920.
Concerning grain imports it is be-
lieved here that for a long time cheaper
wheat will come from the United States
and Argentina rather than FROM Rus
sian markets.
The production of Indian corn in
1921 was 2S,462.000 Quintals, compared
with 22,o00,000 in 1920. All other agri-
New-York tribune., 1922-05-14
')ellation Begins i'm Japan
indications Are That the Process Will BE Gradual:
f'a'A Rates Raiscd Money Market Tighter;
Security Prices Decline

at the end of February and 2,O3s 600
ooo yen at the end of January of this
year. The combined gold holdings OF
me government and the Bank of Janan
declined during 1921 from 2,IS3 900 OOo
yen IN January to 2,0S0,000, 900 ven in
pecembor. The combined holdings
held at home Increased from 1877 900. =
600 yen in January, 1921, to .225'-
VVo'ooo IN December. but tho combined d
holdings held abroad experienced a
s6arp decline from 1.04G,000.0On ven in
January to S55, 100000 yen in Dccem-
ber, 1921.
The general condition of government,
!HahctS, however, is somewhat more
f%Norabie than month ago.
Stocks of merchandise are generally
greater now than at the same ncriod of
last year. Due 10 the ovcrstockod mar
ket, demand is dull in numerous com
mod'tles, among them being dyes, lum.
Der and metals. The rice market re
mains duh and declining.
Prices OF imported staples generally
are ruling lower than month ago
Prices of Japanese manufactured prod
ucts arc also somewhat lower than Ia ST
month and reflect the tendency toward
defaton.
An exceptionally small crop of tea.
que to diseased plants. is predicted.
pad weather conditions have damaged
the wheat and barley crops.
The cost Of living declined about
e per cent during March. 1t had de-
cIlned IN February about 1.OS pei cen,
from the January level. The index
number of average Wholesale prices in
Tokyo for January stood at 271.63. as
compared with 27695 in December.
l92l, and 28329 in November. 1921
The principal decreases during March
were IN rice. wheat, silk, coal and cot
ton yarn. The chief advances were in
copper, -four and cement.
ihe unrest and strikes which have
been prominent for some months are
decreasing. Unemployment continues
to be much IN evidence A general
towering of wages seems to be in
progress. This is a normal evidence
of the attempted defaton. 1t is quite
certain, however, that nothing definite
has been accomplished toward per
manent solution of the labor que estion
The tendency of local capital is to
seek the trading and manufacturing
companies. Considerable capital is be-
ing attracted to railroads and electrical
enterprises. A special activity in the
construction Of municipal undertakings
is reported
Railroad traffic is normal and rail
road repair and maintenance construc-
ton are active.
The charter market shows little
change from last month. Shipping
rates are low and outward tonnage still
exceeds demands. Near-sea and coast
wise services are active.
New-York tribune., 1922-05-14

cultural products showed an ineEsss'
except wine and olive OIL
The United States is the mos' as
portant marker for Italian oiiss o. ~
The exports from Italy were isss,
quintals. with an estimated yaius !
l7.000,o00 lire In 1918. and s2,oli qEaH E
tails. valued at 2l.oo0,00o lire IN ~
Spanish and Greek olive oils offer Sc, SCI
siderable competition in the New -, =,
market Exports of this product a. T.
depend to great degree upon tsae a..s. s
mand of Italians in the United SssS
The crop varies according TO ssss-ss. !,
aud the severity of plant diseases I
the last few years insects have essssss esss
damage of millions of lire. and s.
government has lent its aid in exFs'
ments TO combat the destruction. as
Fortunately. this year health coz ss
tions of cattle have been good TheGs ew
war imports Of oxen and hogs Ass
Jugo -Slavia have been resumed. nv
cities every one f9rgets political
tipathies and buys meat Of Jugo-Sn...s,
origin. 1t is cheaper than the ltsln. ...
product. IL also furnishes compethls,
to the frozen salted and fresh ps'
from North America and Argentina
New-York tribune., 1922-05-14
The Woman i'm Business
What the World Calls Good Luck Is Only Know.
ing How to Grasp Opportunities, Says
Retired Business Woman

not permit yourself to be pulled down
u you lift your business to the high
standards YOU set and must act upon
When you enter business life (snd
again ! say enter it only if you feel
lmpcllcd) think we'll and seriously
whether or not the particular business
or profession is adapted to your tai
ents, capabilities, physical endurance,
training and finances. Do not go into
1t merely because it appeals to your
emotional or artistic inclinations. or
Just happens to come on the horizon
when you arc starting out to enter the
commercial world. Do not grasp the
hIst suggestion, for If YOU assume
grave responsibilities you will find you
cannot lay them down at will when the
1lrst excitement Of the novelty has
worn off. "When you put your hand to
the ploW you cannot turn back"
mere is one exception After YOU
nave given your venture time TO grow
and have really conscientiously tested
II and found it is not winning or is
absolutely against your taste, then
stop DO not let foolish pride or what
others will say stand in Your way. You
may be able to make much better sue
cess IN another field and save enough
OF your capital TO start afrcsh. In
many cases when inexperienced has cost
100 dearly it may be we'll to take a
subordinate position to study cverv
possible detail, to learn from an az.
pefenced business head and then start
again.
New-York tribune., 1922-05-14
Ho,c 1t Wos Possible

1t pointed out that this wonderful
oeVice was designed, the materials nur.
chased, the machine built. sold. painted
boxed. shipped, billed and the monev
coilected All in one year of 2.40O
working hours The reason why this
can be built by one imaginary com
poslte average employee in one wear
was explained as being due to the diyi-
SION OF labor, complete equipment
modern organization and electric drive
OF factory machinery
AS the result of the sale of S3 3oo
worth Wort OF apparatus and supplies in
isSo Nheslectlng sundry income) the
stockholders received sl2a in cash and
two,th'rds of one share of stock.
These facts give the EMPLOYEE an
understanding of the relationship be-
tween sales billed. pay roll cash divi-
dends and stock dividends.
nat the demand for this kind of
Data is not limited to any single ele
ment OF society lis evidenced by the
TACT that this lecture has been deliy-
cred upon request to the fol}owino
VARYING types of organizations: Eight
business mems organizations, 4 labor
unions, l6 clubs Of General Electric
company employees, including fore
men; to foremen Of other companies
meetings of General Electric Com
pany executives, OF General Electric
Company sales force, 2 to the Society
fol. Electrical Development, 4 to social
and church clubs of clerical and shop
workers, 8 to Y. NJ. C. AS, a engineer
ing societies, S to students in colleges
or business colleges. to students in
high schools. to socialist bodies to
the College Women's Club. to club
of educators. ! to the inmates of a
jail, and different radio stations ar
ranged to have part Of the lecture
broadcast to their invisible audiences,
totaling nearly 100000 people"
New-York tribune., 1922-05-14

nc expected recess on in prices and
living costs in Japan Las began. accord
ing to cables received by the United
states Department Of Commerce. Bank
rates have beoa raised and a tighter
mouer market is bringing about de-
failon Minor failures are occurring,
although thera is every indication that
nc process will be gradual. Prices
of sccul ties have declined during re
cent weeks and savings deposits and
canh c!caraNCes h.vc increased The
stock marAct is dull and declining
This Development is one that will do
more to bring Japan INTO line with
tho go0eral world level Of prices and
Incidentally, with costs Of production
than any other single condition. If
the downward movement is not TOO
violent i should he welcomed as a
haTbinrer Of better times
tXports duIlng March we're valued at
1lA.Soo,000 yen and imports at 2O5.-
100000 yen. The exports represented
4 gain o. l3.T0o 900 Yen over those of
the preceding month and gain Of o.
$4,000 yen over the low export record
a January, l922 imports in March
Show & gam of 1900 coo yen over the
abnornally high imports OF February
and q gain ot 26,5o6.o00 yen over Janu-
airy imports. As compared with March,
1921. exports during March, 1922, show
e gam Of 20.695 GOO yen and imports a
gain OF cS.4l7 900 yen.
tnfavorable Balance
TIE unfavorable balance for the first
qsartsr Of the current wear (nreiim-
iuary figurcS> is 277.137,0O0 yen, as
compared with 1851 600 yen for the
hrat quarter Of 1921.
Conspicuous increases in imports
during March occurred in raw cotton,
,ice, dyes, oil cake, wool and paper.
T. Ice and oil cake continued to be I'M
po'ted in increasing Quantities during
the first half Of April Notable de-
ore&ses in imports during the first half
Of April occurred in raw cotton, sugar,
wool. dyes and pig iron.
The export trade during the month
ended April Is registered gains in cot
ton yarn and cotton textiles. This is
somewhat encouraging in view of the
ng-c'ontiuued depression in the cot
TON yarn industry There IS reported
considerable actlgity among Japanese
cotton mills in China. Several prom-
in Shanghai factories and plans are
under way for the extension of Jap
anese cotton mills in Tsingtag.
Matches also were exported in in
easing Quantities during the month
ended April 10. During the same
period there were noticeable decreases
in exports of raw silk, silk textiles,
coal and sugar.
j5ullion Imports Gain
Imports of bullion during March (
were valued at $4,000 yen, as COM
pared with 27.000 yen the preceding
month and $4,000 yen in January of !
this year. Imports Of bullion in
March, 1921, exceeded 20,776, ,000 yen (
The course Of buliion imports was /
steadily downward through 1921 and !
relatively Insignificant during the first (
5bree months Of 1922.
Gold holdings st the end Of March !
preliminary fguresl were 1920. 900 900
yen. as compared with 1879, 100000 yen
New-York tribune., 1922-05-14
Internal Issues

Foreign currency losnS. experisht}
shows. are not encouraged 70 the sazi
extent oy the Administrations The Il
fort IN this case is understood to 4
directed against the distribution hsr}
of large blocks Of foreign lntorHaI Il
sues. where purchases are made in 4
belief OF sound security. but whs'|
the operation really narrows dosa 4
speculation IN exchange. The Az
ninistration is said to view Hs11
faN orably foreign currency loans n
sued by governments than by corfsE1
tons or municipalities or the thsssa
that the former have III some n,esgu]
control over the destinles of the sEl]
rencies involved.
Manufacturers IN seeking "a gan VI
proval OF the limitation Of proceed Y
this market nave urged that sucs 4
course was followed in England. Bsstl
ers who know the facts say that thssl
the reverse OF the situavion. fong'|
buyers seeking to place orders IN
British market arc frequently asks 4
they would not Ike TO borrow thefs
that is, the suggestion Of financinsss II
lows the placement OF business. rssss
than business the financing.
Bankers feel that the Admiuisn1
ton in its new relations with the fbs'11
cia lcommunity has acted wisely ~
hope that i will not be detected TO-
this course BY propaganda Of oae 81
or another. They believe that the as'
is approaching when American 3 {
sources can be more advantageous
used to aid Europes : recovery, and "
want nothing to interfere with r.
country's readiness FOR that eFenfn,
ity. England will have an intponas,
part in any program 10 be devised =
the possibility * feared that. aei1
withstanding that the facts fulss'
conclusive argument for American -.
crship. England will be strong enass
IN take command
New-York tribune., 1922-05-14
Beet Sugar in Chile

"A. company has been formed at VAL
., ols'S; Cnlle, to manufacture beet sugar,
mercc reports. The firm has rentoS
farm of 625 acres, part of which is al
ready planted in bects, and has also
contracted with farmers to cultivate
beets, estimating the total amount ~
roots available as $4,000 to 20 900
metric tons annually. The formation
OF thus company, together with the cx
tensive sugar growing project al Tao
ne. shows the desire of Chile to maka
.tself industrially independent in GER
tam lines. The greater part OF Chile,s
sugar supply now comes from Peru in
the raw state and is refined principally
At Vina del Mar and at Pence.
New-York tribune., 1922-05-14

IL is safe to say that the moment
congress accepts the fold oher- or or
any oHef. Tor mat matter there wili
be rush TO Florence which w'ii be
most emoarrassinE 10 tine tlorehtines
ana perhaps dlssstrons TO the 'mmi-
gFanis' mere VIII DE certain oe-
nahu ,1 lor Worh'hen e., on Vne cams ooo
ehoueh. IN az ilkel,nooo, Sooo TO 9'oVo
men VII MI !'.a. oemano Isho otheaS
neeufo iof ouholng homes TOT "o'Aers' p'.
eieet'hs iacloIles, ana so on. ou'
New-York tribune., 1922-05-14
Significant Optimism

Underneath the tendency Of the dele
gates to keep company with prosaic
considerations there vas genuine
tendency to be mildly optimistic re-
gardin2 foreign trade Optimism is
falrly common to commercial conven-
tions. but it WAS more than usually
significant in this instance because it
was all but inarticulate. Mr. Farrell
predicted that in two years the many
merchant ships which are now rega rd-
ed by MANY as obsolete would be profit
ably carrying freight to all parts Of
the world. Incidentally. there was some
sentiment in favor Of the ship subs idy
bill now before Congress, but the body
as a whole was vague in its official
comment on the bill which is sponsored
by the Shipping Board.
AS public exhibition, the convcn-
ton had its Limitations. the really
vita! lnd'vidua interchanges made no
notable spectacle for the onlooker Lit
tie occurred which lent itself to head
lines. The formal sessions which were
held in thc Academy of Music were
marred frequently by the reading Of
canred addresses, which lacked the
spontaneity and interesting content
of the informal talks given at the more
closely knit group sessions But the
ordinary business man on platform
70 give r. prepared address ana he is
llkely to become more abs and
theoretical than the most visionary
scademician. The man OF business is
interesting as a speaker when he for
gets he is making an address, and
merely relates his experiences. his
hopes. his appointments ard his
plans.
In the group sessions many anecdotes
were marshaled forth. but only one
merits permanent recording
speaker from the Pacific Coast told
fish story which was distinctly fea-
ture of the convention. The law in
the State Of Washington is reported to
limit one mans catch Of trout to twen-
ty-fivc One man just back from fish
ing trip met stranger and Dragged
that he had caught one hundred and
hfty, all Of them unusually long.
DO you know who am? ~ asked the
stranger. I'm the game warden"
DO you know who I am? retorted
the fisherman, who had not lost his
OF WASHINGTON"
New-York tribune., 1922-05-14
CrOunMess Fears

ne requirement Of the ad.;,
ton that details Of forejg,, i,s..sas Iaa.a
submitted 10 It for scrgting NV '@ g
time regarded as likely to ramne, ~ =
resort 70 this market by forei@n .'ss
rowers, but in practice tbe.e fs.,.s -. s.
proved Wltnout foundation. Ths ,.s
apparently marks merely an ey,.s. ~
Of the old relationship between 'Ss.,s' W.
ington oficiaidom and BANKERS
empiified IN the formation Of tbs !, =
national consortium for China "a ~. !.
dealing with the Mexican deo- ss,,t =
ton. In the latter neyot,at;oss -. -
bankers have been working IN ..,'..
harmony with the State Deuar.n...
and 1t is an open secret tfat the s, n,;.,
banking institutions, in comnss..,
with suggestion from oficisi e..
ters. have refrained from extasa,s,
material financial accommodates, !.
trade between this country and ge..,
pending recognition.
Tire entire scope Of .he s,I,-.
policy. which was initiated folIow5a.
conference a. the White House shss,
after President Hardings insugsr,
ton. has never been clearly set fgr
IN official statements regarding 4, u
its details are becoming clear to 4
banking community as its opesr;s
p, p,oceeds. The Administration w.s
first inclined 70 favor only loans vas
proceeds were % De applied in q
American market. This * a re,.r;
ton tina. 10 less important an orgsr
zation than the National Foreign Tn
Council mas urged. out the Administ,
tion is believed to accept the bros5
viewpoint Of oan kers tina. all dsll
loans are helpful % the country's 70
ton in foreign markets. At leas.
number Of loans have passed the
fetal wise notwithstanding .has
penditurc Of proceeds was specjfiea
allotted to other than American pr
New-York tribune., 1922-05-14

II larly lacking at the ninth an
nual convention of the Nation
at Foreign Trade Council, which
ended yesterday. Fifteen hundred
men of business who would trade
with the whole world spoke little Of
the romance and poetry of COM
merce, but concentrated on the emf
ncntly practical details Of the trad
ing technique. The smash in 1920
subsequently shook Americans out
of the sonorous and literary concep-
tions Of foreign trade which until
recently prevailed. AS one speaker
remarked international trade. par
ticularly with India, needs to be and
is being de-kiplingized.
The reaction in mental approach has
gone far Students from the factories
and offices which aspire to foreign
business eagerly debated the relative
merits of &C. l. T." and "F. O. B." En-
thusiasm. like prices, has been de
flated. Only few years ago, delegates
at similar convention would have
spoken about manifest Destiny"
"American conquest Of world ma rkets"
and analogous grandiloqucnt matters.
In the three days deliberations at
this city, which likes to call itself the
nations workshop, delegates functioncd
in shirt sleeve spirit. They cared
little for broad generalites, but want
ed practical lessons from an inter
change of experience in granting cred
its. shipping terms and in methods Of
whettng the buying appetite of for-
eign customers. They were especially
concerned with ways and means of
standing up successfully against for
eign competition.
New-York tribune., 1922-05-14
AngIo-Cerman Textile Work

Britlsh merchants are shipping yarn
70 the Cl1cmnitz district in Saxonv to
be worked up into fine gloves and hos
lery goods, according to advices re-
ceived by the United States Depart
ment of Commerce. Some Manchester
and London dealer, also are contract
ing to have yarn manufactured in Ger
many, paying n p,.ainium for the man
ufacturing process.
New-York tribune., 1922-05-14

On the other hand if YOU are suc.
cessfu build easily and naturally. Do
not let your ambition run awev w;th
your physical and financial limitations
or your facilities for meeting FOO
sudden increase. Attend strictly 70
each step upward and the step above
VIII take care Of itself. Assuming TOD
much expense necessitates borroWinr
a pltfalNto many who are not practical
enough to look ahead to the time of
payment '''N VI
Never make the mistake of belittlnr
oiLers IN your line or taking too much
val0aDie Time IN talking OR in listening
~ gossip. on never hear of success
lui men VINO do that Live above such
eo1sloerations' Tor it matters not If
otners ,ake stand against you. Respect
HouiScl1 and your calling, and Won car
1--we down pettiness and marrow ieal.
ousy, and ultimately, in a quiet, dion;.
ned manner, win your wav. if vow do
lhe llght, strictly mind your own hus;-
mes: and realize that your competitors
ooth men and women, have an equal
rlght to make al honest living. You
Wlil nave the success to which YOU as
pre- II YOU earnestly aim and work for
II. II you have to make n living. make
q clean one, but be a merchant Of HIGH
standard and true woman. both in
and out Of the plane Of your particular
calling. 1'e'-
l1h1s IS the last Of series Of sir ar
t.cfes, M 1chich Miss Seckendorf, q re-
urea business comon, has formulated
the principles Which brought her succes.
IN the 'ndrts OF trade. AS senior mem
Der Of Seckendorf Sisters, she yn.
Wldeiy hn0,0n an the nilfinerU trade
New-York tribune., 1922-05-14


And what is more. Henry Ford has
already selected the personnel of the
big development organization, and the
men are ready to go over the top in
twenty-four hours, if Mr Summers re
ports arc 70 be credited His informa-
Ton is that Mr. Ford viii not wait for
inc Wilson Dam 10 be completed before
going ahead with MS Industrial plants,'
but mas already purchased large areas
Of Alabama coal lands, and will use
pewer generated by steam plants for
his industries. until the hydro-e electric
units are finished
"Thete may be misgivings and appre-
tensions, but Henry Ford .ll be at
Muscle Shoals in person and at work
hy July l. and he will open the eyes
here" Mr. summer predicted
New-York tribune., 1922-05-14
Cotton Gins in Australia

Evidence of Australia's Interest,"
cotton production is found in thezzs!
cent importation by the Australian y
ton Growers Association OF its Y
ginning plant, to be erected in Ms
hampton. A second plant has =
ordered in the United States ana y
follow shortly. A cotton giEnlnQH
pert, who has been engaged by t
socistion, will accompany the
shipment.
New-York tribune., 1922-05-14

To those who expect every conven-
tion to he merely an excuse for booze
guzzlc and frolic, this conference must
have been a surprise. The sobriety and
earnestness with which delegates pro-
ceeded TO hunt out the secrets of sue
cessful trading abroad were impress
sive. The partial paralysis and dc
preston in domestic trade from which
we are just emerging are driving folk
into quest for information aud con-
tacts which will make foreign trade
possible and profitable.
However, a new attitude Of discrim-
ination prevails in foreign trade discus
sions. 1t is no longer commonly as
sumed that, merely because the United
States happens to be a uniquely great
nation any American product can be
sold anywhere on the carth's surface at
any time. From recent experiences in
which losses were heavy and disap-
pointmcnts infinite, traders have
learned that foreign commerce is
neither a game nor a battle, but a cold
business proposition requiring study