The Washington herald., 1922-07-16
LYS OF FOREIGN INDUSTRIAL SITUATION BY COMMERCE DEPARTMENT
LACK OF FOREIGN LOANS
DISRUPTS GERMAN CURRENCY
Assessment of Bread Grains From Farmer.
Opposed General Situation.

also, continues: several blast fur
naces are reported closed. The
heavy metal Industries are reported
active; Increased building is Great
ing a brisk demand for structural
iron and steel. Rail production is
decreasing. The iron and cutlery
industries OF Solineen are busy on
old orders although inquiries are
diminishing. The machinery indus
try Is affected by the shortage OF
coal and raw materials Its exports
are heavy but domestic consumption
Is curtailed on account Of high
prices. German railway car manu-
facturers are feeling competition IN
foreign markets.
The domestic, demand for electri-
cal goods Is slack. but exports are
satisfactory. The electric motor in
dustry reports an unfavorable con-
dition- Lamps and small electrical
goods, however. show a satisfactory
activity. Cotton spinning suffered
from the falling on in orders and
general deliveries until the end Of
June when the falling exchange
brought an Improvement: cotton
weavers have sufficient orders. The
stocks OF cotton in Bremen
amounted on June 30. TO z2i.oUJ
bales. Wool spinners and sheeting
weavers report plenty of old orders
but few new ones. and the crefeld
silk industry is busy although it's
exports are slackening.
Chemicals and dyes are active. In
and dive consumption being large.
The glass and porcelain industries
show little improvement. There is
q great demand for luxury articles
and e boom in wearing apparel both
in the domestic and export markets,
Berlin Newspaper strikes.
At the first OF June there were
3o.4o0 organized laborers receiving
employment subsidy: the decrease
since May l is explainable on the
grounds of an official revision of
the Berlin municipal lists of in
dividusls entitled TO receive this al
lowance rather than on the grounds
OF an actual diminution OF unem-
ployment. The pressr1nen on Berlin
newspapers are striking for a 800
mark weekly increase, and there is
also q strike among Leipsig book
bindets.
Several brief wage strikes have
occurred In other industries but
these had come to an end before
July /. German SHIP engineering
crews struck on the first of July
with the result that no German
ships were able to leave port.
High Adverse Trade Balance.
German foreign trade figures for
Mey show imports of $50. 900 met
ric tons. valued at 32.4O0. .OOo. 900 pa =
| per marks and exports of 2.0so,OOO
metric tons valued at 27.2oO. 600. 900
paper marks. The unfavorable bal
ance by value OF $500. 900. 900 gold
marks is slightly less than the April
| import surplus which amounted to
| 5.26e. .0oo, 900
Increasing wheat imports were
largely responsible for the unfavor-
able May figures. as imports of
that commodity exceeded those of
April by a value Of approximately
1000. 100000 marks. Total imports
for May exceeded imports over April
by slightly more than 1000. .O0O, 600
marks.
Exports of coal and potash show a
considerable decrease. but at the
same time an increase is noted in
the total value Of exports.
Crop Conditions Unsstisfaetory.
The drought Of several weeks
during May and the beginning of
June has seriously retarded all
crops except potatoes and beets
Subsequent rains have partly re-
paired the damage. but crop con-
ditions still are sppreciably worse
than last year at this time