The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1928-03-15
USSR-AMERICAN
TRADE GROWING
AT RAPID PACE
Amtorg to Open Branch
on Pacific Coast

FurCher expansion OF trade be-
tween the Soviet Union and the
United States is indicated in the an
nouncement that the Amtorg Trad
ing Corporation, the principal firm in
Soviet American Trade, placed in this
country since January /, 1928 orders
amounting to SCOTT, 900 which is
several times the total for the CORE
spending period two years ago and
s., 100000 larger than the purchases
in the preceding three months and
for January to March, 1927. An i'm
portant feature in Americans Soviet
trade activities has been also the ex-
tension of credit facilities.
During the complete year 1927 the
Amtorg purchased American products
valued at S31 ,199,834 which does not
include purchases of cotton and some
o her materials handled by special or
CARNATIONS, the total purchases for
1927 amounting to SIS, 100000, while
sales were S25,000,0OO. These are
double the pre-war figures.
Open New Branch.
"Since the beginning of this year
the Amtorg Trading Corporation has
shown a considerable gain in opera
tions over the record established in
1927" stated Mr. Saul G. Bron, chair
man of the Board of Directors of the
Amtorg. "While last year we trebled
our business as compared with 1926,
l., -. -
record. In the last three months of
1927 our purchases in the United
States were $777a,486. The total of
orders placed since January 1, 1928
of $10,776,495 indicates the progress
made since the end of 1927.
"The expansion of the Amtorg
business is necessitating the opening
Of a branch Of the Amtorg, which will
be located on the Pacific Coast as the
Soviet Union is now in the market
for products of many Western manu-
facturers. The development of Siberia
and the Far East also makes it adj
vantageous to have closer contact
with the Pacific Coast.
"The bulk of orders placed during
the past six months has been for in
dustrial and electrical equipment, of
which the purchases since October 1,
1927, the beginning of the new Soviet
fiscal year, have totaled 7,S49,987.
Of this, gold mining equipment
amounted to about S1,000,000, coal
mining 100000, Drieprostroy power
plant equipment 100000, railway
construction equipment $1,300,00O, oil
well equipment 100000 and re-
frigerating equipment close to $780,
600. Purchases of raw materials.
largely metals, for the same period
were $4,302,295, agricultural equip
ment $3,993,624. Orders for auto
motive equipmeHt aggregating ST.
072,668 are the forerunners of large
purchases Of such equipment for
Russia. The total of $18,524,681 for
the last six months is nearly double
the purchases for the corresponding
period of the preceding year.
among orders for 100000 or over
placed by US during this period may
be mentioned those with the follow
ing firms: Guggenheim Bros, Ford
Motor CO., Marion Steam Shovel Co.,
American Metal Co., General Rubber
Co., Sullivan Machinery Company,
and the International Harvester Co.
Greater Credits
"An important development during
the recent period has been the ex-
pansion of credits, received by the
'Amtorg from firms. Credits up to
two years have been granted to the
Amtorg. There are quite number
Of firms with which we enjoy credits
for terms of year or more.
"The growth of Soviet-American