New-York tribune., 1922-02-27
Germans w Os'I<
/ OWaasl Better,
raele Balance
Reduction in Food Imports
Noted III January Fig-
urcs: Raw Material Bnv-
ing Now ON The Upswine
- lalIc q ~ Yrl1,.c

N5irn q. cable - The Iwblnc
'onNuehi. 19e2. New York Tribune l1,'
BERLIN Feb. 90 -Gcrnanv's efforts
to balance her foreign trade. which
gave The first indications Of success
in December, continued favorablv i'm
January, according TO the official gov
elnment report Just published
While imports were 2o0,00000 kilo-
grams above December the value Of
january imports was 100000 marks
below the December value Exports
likewise We're lO00O0O0O Kilograms
above Dcccmber but the value re-
msined the same.
the chief reason for the country 5
ability to maintain the balancing pro
cess begun in December is the rcduc-
ton Of food imports. which hitherto
formed the chief item Of Germany's
purchases abroad. next to raw ma
torials
In connection with the foreign trade
report for January, il is we'll 10 note
tRat the mark remained stable dur nq
the mo ~. which rs regarded as a con-
tflbutorF factor in promoting the bal
ancing process. February, particularly
the lest two weeks, again produced
further declines i'm the mark. caused
oE continued re2arations payments and
the big railroad strike. which ulti-
mateiT VIII result i'm dislocating the
government bulge. plan. and by the
uncertainties developed with regard to
the Genoa conference.
Reports concerning negotiations Of
Germany with the Allies for material
delivery agreements. which are said to
be as uNtayortblc as that concluded at
les baden. also contributed TO the de
chne I'm exchange I'm addition. Ger
man lndus try. faced with new tax in-
hurredly buying up raw materials
abroad before the new railway tariffs
are pul INTO effect
These large purchases Of raw ma
teuals. already bought, which were pay
able m to'elgn exchange and when
compelled manufacturers 10 20 into the
finance market to obtain new supplies
Of foreign money, have stimulated spec
ulation on the Boersc. thus adding am
other iactol toward the marks decline
within the last two weeks
in the economic hcld two Important
elements have been noticed during the
month, thc continued increase in csni-
tai IN nearly every important branch
Q. industrial enterprise. and ,oe i'm
crossing participation of international
capital IN German Industry. particu-
larly in Upper Slesia. The Laura
huette, Hohcnzolicrn, Kattowitzcr and
Oherbedarf mines, in which British
and French financial interests recently
obtained a large share of control, aie
examples.
There IS serious talk Of forming
great International ron syndicate i'm
Geimaay Like plans for the chemical
industry are being discussed In the
domain OF shipping a great interna-
tionN project with the participation
OF American capital is authoIltativcly
reported
This increasing tendency for Amer
leans. French and British to invest in
Germany industry, which until recently
wa5 regarded distrustfuly in Germany.
IS now viewed IN different light, for
ndustrialists, fnanciors and politi-
clans hole realize that the increasing
participation Of Allied capital is bound
to provo, in the long run. the most
powerful iacto. in promoting inteyna-
tlonal economic solidarity By cnmi-
mating competition and thus making
for read justments which have been re-
tardcd By national hatred arising out
he vtav