The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1926-10-23
SOVIET BOOMS,
REPORTS HEAD
OF AMTORG co.
Russia Preparing to Buy
Much Machinery

NEW YORK, Oct. 21.-Paul ]. ziev,
! president Of the Amtorg Trading Cor
/. poraton, representing in this country
[ the leading Soviet commercial and In
! dustrial organizations, returned last
( week after a six months absence in
/ Europe having spent most Of the
! time in Moscow and other important
tcenters in the Soviet Union, where he
was busy in establishing frmer con-
+ facts and making new arrangements
FOR the further development Of the
business relations between the United
States and the Soviet Union.
Gets Orders.
AS a result Of his activities during
his stay in the Soviet Union, Ziev
brought back with him a number of
business offers involving the placing
ain this country Of large orders for
various machinery and equipment.
whether these offers will material
lie in the placing of orders will de-
pend largely on the terms of payment
which the interested Soviet Union
concerns win be able to obtain from
American manufacturers.
Industry Growing.
The foremost problem engaging the
attention of economic organizations
an the Soviet Union at present, it was
explained by ziev is that Of Industrial
szation. The prosperity of the great
peasant population Of Soviet Russia
has Increased materially during recent
years, and with it has increased the
demand for industrial products.
Increase Production.
During the fiscal year 1886, just
ended, industrial production was more
than 40 per cent above the previous
year 1924-25. The combined industrial
output during this year was brought
up to 95 per cent of the pre-war
period. The plans for the new eco
aomic year 1926-27 call for a minimum
ancrease Of 20 per cent over the out
lput of the year 1925-26, which will
place Soviet industries above the pre-
war. level.
Need Machinery.
Owing to this, extensive construc-
zion Of new industrial plants is being
carried on in all parts of the. country
and there is, therefore. a large de-
nand for industrial equipment and
machinery, a considerable part of
which must be. imported from abroad
Only recently commission repre-
senting the Soviet metallurgical in
dustries placed orders for equipment
amounting to over $40, Oo00Wsin sGer-
many, where credits for terms up to
ave years have been obtained. Large
orders for mining equipment, oil we'll
supplies, textile machinery, electric
power equipment, etc, have been
placed in Germany and other Euro
pean countries. Many Of these orders
could have been easily diverted to the
United States if credit terms similar
TO those offered by European manu-
facturers could be obtained.
U. S. Businessmen in Russia.
Everywhere in the Soviet Union
Mr.. ziev met a pronounced interest in
American made machinery and a ten
dency to introduce American tech
nical methods and equipment in the
new industrial construction. On the
other hand, American businessmen
and manufacturers are more alive to
the possibilities of the Soviet market
than appears on the surface. During
his sojourn in the Soviet Union ziev
met many Americans representing
large industrial concerns in this
country studying the situation on the
spot.