The Brunswick news., 1922-10-26
ASTONISHING IS
GREAT RECOVERY
IN BUSINESS NOW
It is Steadily on Up-Graide in
Europe, Latin=AmeriCa and
Far East.
CONDITIONS ALMOST
EVERYWHERE BETTER
Eastern Europe, Apart Ffom
Russia Is Moving Along In Ex-
ceIIent Shape, Bumper Sugar
Crop In Cuba Noted.
CONDITIONS ALMOST
EVERYWHERE BETTER
(By Associated Press.l

New York. Oct. 25.-Busi5less IN
Europe, Latin-Ameiican and the Far
East is steadily on the upgrade and
with few exceptions is better the
world over, delegates to the econven-
tion of the American Manufacturers
Export Association yere told today by
)r. Julius Klein, director of the
United States buseau of foreign and
domestic commerce. The convention,
which opened today, will continue
tomorrow. s
Conditions almost everywhere show
decided improvement. DR.. Kilen de-
clared, in the Orient conditions are
better now than they have been at
any time since 1920. Japan is pull
ing herself out of economic depres-
sion and business in China is getting
bettes.''
China's recovery, he said would be
aided as the foeign demand for that
country's products improved.
Business is picking up in Western
Europe at rate varying in different
countries" Klein said "Defation has
ron its foorse, stocks, have been re-
duced and merchants have taken thir
losses: labor mas taken its cut and
has shown a pronounced tendency to
cooperate. Production is increasing
throughout the entire area.
{ Since 1921 the balance of trade in
the United Kingdom has shown an
astonishing recovery toyards its nor-
NAL status: that of France is actually
showing an excess of exports over
imposed WwiIe shrdlujpauiapnp'ua
balance has been cut to remarkable
degree. Germs IS financial and
monetary upheaval has. of course,
continued to retard the stabilization
of her trade position.
eastern Europe, apart from Rus
sia, is in general recovering gra 1u-
ally from the ravages of war and
should offer increasing opportunities
for American trade and investment.
american trade with Latin-Ameri-
can countries for. the first eight
months of the present year was s roer
cent more in value than for all of
the fiscal year 1894. and only Ia
per cent less on the same basis than
for the co--~esponding period of last
wear. when hipments Were still being
made at high nrices on old contracts.
OF gres; and far-reaching significance
is the fact that American invest
ments in private, enterprises and in
the bonds of the government of
Latin America have amounted, TO over
$4,000 900 900 since the early part of
1921.
"The sound banking conditions OF
Argentina which is making the most
rapid progress back to better times,
of all the Latin-Amer-ican countries
has been strong contributory factor
in this betterment. An amazing
change for the better has been wit
messed in Chile during the last few
due principally to the move
ment of nitrates.
"Sale of the pumper sugar crop is
Cuba at prices permitting profit has
encouraging a revival of purchasing
throughout the island. The large
stocks of merchandise held in bonded
warehouses in Havanah, have been
very materially reduced by -re-exror-
tation and local consumption. The
first CLEAN. of optimism in the Mexi-
can situation was evidenced during
September. largely due to cong es-
sional action on the de la Huerta-
agreement.