New-York tribune., 1922-12-03
Sweden Appoints
A Trade Attache
To u. S. Legation
A New Link In Commercial
Relations; Stockholm Fig.
ures for Sept. Show Elk.
ports 5000 Above 1918
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Rpesloi Fore,cn Fiao-~tai corrttpon6sses
STOCKHOLM. Nov. IA new link
IN the trade relations between Amer
lea and Sweden has been formed by
the Appointfnsnt Of a commercial at
taeh6, Gastav wsldel. 70 the Swedish
legation In Washington. Mr.. Weidsl
has extensive practical commercial
and legal experience. and is married
20 the daughter OF United States
Senator. II IL expected that his sf-
forts will eontribu,s much toward en-
iarrinR trade between Sweden and
America
swsden's oaieiai Wholesale price In.
dex issuo1 by the Board Of Trade shows
that the downward trend continues
slowly. The October price level 10
80 per cent sbove the pre-war hEnre
for shS eorr1sponding month, this be-
lna q drop Of one point from The Sep
tannber number. The Board OF Trade
AZ the same time announced the ohi-
eiaI statistics OF sweden's foreign
trade during September. The total
values Of the imports and exports dur.
ing this month we're respectively ltS
ard leo per cent abovs the 1918 level.
There vas q favorable trade balance
also, ~ the exports exceeded importa
by about iAooo,o0o kronor. The lead
ing financial paper, "A6asrsvasrlden'
ms slnesa Wof!d), after analyElng
present industrial conditions, has ar.
rived at the conclusion that mogt OF
s~eden's important export industries
have reached . stage where, b. writing
down the value Of their s.oek on hand
20 the present day price levsl, they
can make both ends meet and maT
even realize q modsst surplus.
Total lumber sales for the year are
now estimated at about $4,000 stand
ards, or about 90 per cent Of the normal
annual ngura. Owing to the recent
political uncertainty England is buying
from hand 70 mouth. covering only I'm
mediate requirements Of lumber, while
Australia, on the other hand, has re-
eently placed large orders for spruce
hoorinKs. Some competition has arisen
from Russia, q considerable number OF
cafRots having beer sent from the
white Sea and from Pctrogrsd. These
earRoss have 70 a great extent been
sent unsold 10 London, Hull, etc, ard
have been disposed OF on Arrival al
prices below those asked by the sTsdihh
shippert.
An important Swedish provincial
bank, vaeruslandsbHnken, is now raid
70 be planning rseenstrustion In.
voivinR rr!sing on Of Losses reported
10 be about b6,oooooo kronor. about
$500 900, Incurred b. the depreciation
Of industrial and other security hold
inRs, but Il Ia asserted that the de-.
posltors have suffered no loss and VIII
run no risk whAtsoever.
Work on the nev radio station AT
Crimeton on the West Coast Of Sweden
has nor begun IN earnest. The total
cost Of erecting this station Will be
about 1i,2ee,o0o, OF which upward OF
haif a million dollars will 20 70 the
American Radio Corporation Tor equip
mont, while the rsst will be spent for
the eite, laber, equipment, etc, N
Sweden. The site Of the sending unit
alone IL about q mile and q half long.
The Asriais will be supported BY sig
rnAsts. each more than 400 feet high.
THIS will be one Of the largest radio
ststions In Europe, and II is expected
10 RiVe extremely valuable service to
those carrying on trade between Sweden
and the United States.