San Antonio light. [volume] (San Antonio, Tex.) 1911-1993, 1924-03-16

Washington, ID. C., March To-
American autOmOtlyc products have
enjoyed an increasingly advantageous
position IN the Spanish market, since
1920, and it is probable that our au-
tomotive sales To that country for the
current year will total approximately
S5,UUO,OU0 according TO {. III. Cum
bingham, former commercial attache TO
Madrid, who is now in the United
States.
American cars find favor in Spain
because of their adaptability and com
! paratlve cheapneSs. The more expen-
sive American makes have benefited
| by this general increased demand and
closed cars models are making crafty
ing Roadway. Sales are also increasing
IN Portugal and plans are now being
formulated for the construction OF
more and better highways in both
countries which should lend q further
impetus to this trade"
In dealing with the broader aspects
OF our trade dealing with Spain, Mr..
Cunningham states that conditions. in
that country at the present time are
not especially propitious for increased
sales except in few lines.
No Great Hostility.
Fortunately, he says, there Is no
great hostility to trade with this coun-
try because of the Indispensable Of
our cotton, tobacco, lumber and petrol
cum products, but general exports
from this country have received a con-
siderable set back on account of the
strong nationalistic tendencies which
have been sweeping the country. De-
fhnEn aAv~T aA,,4s H.,
stantial gains have been made recent
ly In our exports of machine tools.
heavy electrical machinery, railroad
equipment and accessories. and our
agricultural implements and machinery
trade with Spain is in an unusually
strong position. "The restoration Of
normal commercial conditions and the
return of competition principally from
Great Britain, Belgium, and Germany
has reduced our participation in GER
tain lines including textiles, agricul-
tural products, and special types of
machinery
The real success of our export
trade in Spain depends largely on sue
/ cessful negotiation of favorable com.
mercial treaty and the solution of the
political and economic problems which
face the country at the present time
The national budget shows a deficit Of
a billion pesetas year. The Moroccan
problem is still unsolved and the out
lay there contributes heavily to tn,
deficit. The costs of ordinary anC
normal government administration
still greatly exceed the revenue. The
balance of trade is unfavorable. I'm
ports exceed exports 100 per cent. TIL
business situation is uncertain because
of high taxation, and the government.
taxation policy, with respect to foreign
corporations is still underlined. This i
greatly restricting investment and de
= veiopment that might be carried gu
, with the aid of foreign capital"
= Mr.. Cunningham served for tire
t and half years as Commercial At
= tache in Madrid, and has been recent,
/ assigned TO Havana. Cuba. Prior TO re
= turning 10 Cuba Mr.. Cunningham vii
[ visit Detroit. Toledo, and South Bend
TO confer with automobile manufactur
= ers on automOtive conditions in SPAR
= and on the possibilities Of developinj
S the market further in Cuba. II is Pre-
: posed to bring Mr.. Cunningham bacI
. TO the United States later in the sum
a mer for a more extensive visit (,
cities in the South and West.