The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1922-01-01

AHAfAA'hh hhh ePFN NUTS
BUSINESS TREND IN
ORElGNCOUNTRIES
copyright. ig2s. by Public Ledger 90.
The entire wurld participated i the
dctla'ion movement the last year In
t%ernational trade was confined to mar
row Units, % many failures aud
strikes were reported
Ocean travel slumped leading lines
withdrawing some OF their big ships
4 large number OF ~frcighters also were
Withdrawn from service.
The European countries faced
many trials. Italian WORKERS went
on strike, demanding siN hours "
work with eight huurs Of pay. III
forts NJ radicals toward "a general
strike along the Rhine were unsuc-
cessful. Stock prices fell on the
Berlin Bourse.
South American conditions were re-
nected in Paraguay extension 81
a general moratorium to April II
American .rade In CHINA suffered By
retrenchment. native merchants re-
senting the limiting ~ orders aud
credits.
English steel prices late In Febru-
AIRY were cut thirty to sixty shillinEs
a ton. In March they again were cut.
The British government signed a trade
agreement with Russia. 500 after
this the soviet made M appeal Tor
United States trade. but President
Harding rejected It untl the red" pol
icies were abandoned.
England suffered one Of it, great
est rcverses Of the year March ~,
when the coal miners went on strike.
Iron works and other industries were
forced to close add train service was
curtaiied.
Italy had further difficulties when,
in April. the r. J. \. r. works 1T
Turin closed its motorcar factory.
making idle 1000 men. \ favor
able event was the merger OF the
Dominion Steel corporation. the Nova
Scotia Steel and Coal company, and
the Halifax Shipyards into the Brit
iah Empire Steel corporation.
Cubu's difficulties led to the sus-
pension 81 The Banco Nacional de
Cuba April ..
The United States April - rejected
q German invitation to arbitrnte IN
the repHrutions dispute. ourr'd
TO serve as an intermediary. The
first German proposals were charac-
terized by this government as made
quate. and May 10 Germany accepted
4 She entente demands and was called
upon to pay $3.50. OOO. 600.
The Krupp works In Germany were
transformed completely to peaCc-timp
{ activity. New steel was N Of the
. inventions being worke out. The
company was manufacturing every
p thing from locomotives TO m~otion-pic-
ture machines, German auto indus
tries were doing a rush business ~
y May Europe Inc South America
. were the chief buyers
The British coal strike in MAJ and
p June was almost destructive toward
the textile industries. Lace ana
/ hosiery mills were greatly handi-
d. capped. Workers in many lanca-
: shire mills were thrown out Of work.
= adding to the great number Of uncm-
ployed The coal strike ended june
/ rs and Industry resumed.
United States oil men were aroused
4, early In June by an increased tax on
! petroleum In Mexico. OIL exports
fell to a quarter OF normal. This
, condition was complicated by the re-
port that the British va received o
biz oil lease in the Buku fields from
, the soviet.
7 japanese banks suffered n severe
- blow when they were unable TO col
lcct a 100000, 600 loan to China The
Industrial bank OF China, June 30.
filed a liquidation petition
Mexican oil .aN troubled eliminated
\ July : with the announcement that
j the Standard on company would stop
4, shipments from that country. The oil
industry there faced virtual paralysis,
Eastern European trAde In July waH
extremely dull Poland was aEitated
by a drop In exchange and govern
ment and financial authorities held n
I conference in an effort to devise
mea Of meeting the situation. Rus
I, sian trade was virtually nothing.
France suffered e. great dr,uth. This
. was followed by hail storms which
added u the damage begun by the
long dry spell
London wool sales saw some spir-
} tied bidding by German buyers. Brit
ish spinnerS ana manufacturer were
made 20 realize that they faced severe
competition from continental cow
t. tries where manufacturing costs
: lower. Hugo SHINES visited Eng
. 90 Undue British n%nanciers to TO-.
; with him IN exploiting Russia, Ger
: man industrie! plants. many Of which
, he controls, were booming Factories
were working overtime on orders
4 from an parts Of the world.
September I sHw the end Of the
\ oil conflict In Mexico. with the gov
:, ernment there making an agreement
with the American companies and
shipments of petroleum were rosum-
q ed.
Eate In September q financial panic
held Austria ana Hungary In H. grip.
The fall Of crown exchange resulted
In a general and great Increase In
. prices. This was continued into Dcto-
her
"A The Department Of Commerce re-
port September 80 stated that south
\ America then was nearing permanent
recovery A letter statement report
I'd betterm. M In many parts Of Eu-
rope and South Africa
on developments in October includ-
ed the getting Of exclusive drilling
rights In Czecho-Slovakin by the
standard Oil company and the infor'
nation val Japan was striving for d
foothoid in the Mexican fields.
n Germany in October witnessed q
n series Of Hanics due TO the fall "
mark exchange. There was will,
trading on the BOurae and stock
n showed remarkably advances.