The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1929-05-30
SOVIET-U.S.TRADE
IN STEADY RISE
DURING 5 YEARS
Amtorg Reviews USSR
Growth to Present

In connection with the fifth ami
versary of its organization, The Am
tory Trading Corporation, which was
Incorporated May %, 1924, an
nounced yesterday that Soviet
American trade for the past five
years amounted to 100000.
urchases of machinery, raw
materials and other products
amounted to $398,000,O00, while
sales of Soviet products in this coun-
try totaled $105,00O,000. Purchases
exceeded sales by 1928, 100000.
The total Soviet-American turn
over includes not only the export and
import operations of the Amtorg.
which amounted to $188,000,000 for
the five years, but also the business
of the All-Russian Textile Syndicate,
which purchased about $230,000,000
worth of cotton for the needs of the
Soviet textile industry during the
period, of Centrosoyus and Selskoso-
jus, representing the Soviet con-
sumers' and agricultural coopera-
tives respectively, and of the Amkino
Corporation, distributors of Soviet
moving picture films.
Steady Growth.
purchases of American products
for shipment to the Soviet Union
have been showing steady growth, J"
stated Mr.. Saul G. Bron, Chairman
of the Board of Directors of the Am
torg. "Omitting the Soviet fiscal
year 1924-25, when purchases in this
country totaled $86,938,OO0, due
primarily to the purchase of $780,
100000 worth of flour, the only pur-
chase of its kind, we obtain the fol-
lowing totals for Soviet purchases
in the United States:
1923-24, $43, $4,000; 1885, $48,-
100000; 1926-27, $71,689,0OO; 1927
%, $91, $4,000.
"In the first half of the current
fiscal year, beginning October l.,
1928, orders for the U. S. S. R. to
total value of nearly S50,000,000
were placed in this country, indica-
ting the strong possibility of another
record year.
Machinery Imported.
"The growth of American exports
to the Soviet Union affected prac-
tically all groups of commodities. By
far the most rapid growth, however,
was shown for exports of various
types of machinery and apparatus,
including industrial machinery, agri-
cultural implements, automotive
equipment, transportation and cleo
trical machinery. Purchases of in
dustrial machinery alone by the Am
torg Trading Corporation, which
amounted to $2,500,000 two years
exceeded $11, 100000 last year and
amounted to $9,160,000 for the six
months ending March 81, 1929.
"The industrialization of the u.
S. S. R. on an extensive scale is only
in its embryonic stage. The plan of
economic development for the next
five years, which is now occupying
the attention of Soviet authorities,
provides for total capital invest
ments in the five years beginning
October 1, 1928 of 33 billion dollars,
about 212 times the actual invest
ments in the past five years.
Gan important development of the
past two years is the number of con-
facts for technical assistance, largely
in the construction of new industrial
enterprises in the Soviet Union, con-
cluded with important American en-
cheering and manufacturing COM
panies such as the Radio Corporation
of America, international General
Electric Company, Dupont de Ne
mours, Nitrogen Engineering Com
pany, Hugh L. Cooper and Co.,
Stuart James and Cooke, Freyn En-
Company, Albert Kahn and
Frank Chase.