Evening star., 1932-01-11
INCREASED BUYING
Of us. GOODS SEEN
Commerce Department Re-
ports Present Foreign COL
hctionS Less Favorable.

The general foreign collection slCua-
sion was reported by the Commerce
Department yesterday as being less IA
yorable nov than it was at the END
of 1880, but the exhaustion OF stock
and inventory portends near future
of small but constant buying from this
country"
According to the departments views,
there will oe a continued business from
the old established houses, and the
matter of checking credits will be some
what easier if due care is given to the
analysis of each transaction and record
ing all exchange reports from trace ana
banking sources.
From cablegrams and radio messages
from all sections of the world the de-
partment's commercial intelligence di-
vision has made a prief resume OF
conditions in each country.
Administering continues to be the
chief retardinR influence in the coLecuon
Belgium.-During the week ending Decem-
ber II. 1881, 90 commercial failures were
REGISTERED & as asSinSt ior the n BscsbeT
il 1913 commercial failures were registered;
ss against 555 during the same period OF
Czechoslavakia-Impor have been able
TO take care of obligations up until Decem-
beS but the restriction on imports and eX-
change makes IL apparent that it will grad
ually become harder to effect sales to that
Denmark -Dificulty in anticipating ex-
change prices, ewing to fuctuatlon' ana IN
having open letters OF credit, gives to the
meeting obligations. Danish firms are not
seeking new foreign accounts because OF
these remittance dificulties. Commercial
sailures during the year were not many and
Finland Little Improvement is apparent
IN Finland with respect to meeting debts to
kmerican sellers. alth9ueh the collection Sit
Greece-Importers are hestant about plsc
safintyy " Of obtaining permission to purchase
she required exchange. On the other hand.
Orders Order Unless payment is arranged for against
documents at American port; which is not
sefPs under sxisGs eOndt3hb Tbsr
in insolvencies during November has been
reported by the National Credit Protective
volved shows particularly sharp Jump.
being more than the double OF the already
standing insoivencies account in part for
this extraordinary INCREASE IN nsnillty ns-
pres. Insolvences in NOyember 2eqo 1881; pctoi sd
Notwithstanding Of imports pres
pssf SGme on exst4e Business No Iepors
have been received showing the collection
NorGay.WThe exchange situation has not
become dificult for Norwegian importers
and no, trouble is reported in getting s pay.
ments for goods exported from the United
Portusal.-The mercantile credit outlook is
poor Commercial houses are finding 1t olm-
cult to get help from banks and merchants
are having much trouble IN meeting oohga-
Switzerland are not difncult
and there. are no indications that merchants
will not be able to care for undertaklnes.
corded during the past quarter and from
the Bahia district no report Oh isiiure az
World Trade Directory report. Most fail
ures are bona fde, as the law is not 700
isvorsbe 70 Dc deHtSFS Ss So eFpense tha neither
debtors nor creditors receive much. Llouioa-
tionS under the moratorium are reported 70
chiIe.SDifaeuitieS with regard to collec-
tions and liquidations continue 70 oe re- re-
houses in South Chile shows no improve
ment durins the past month, wii, meet their
ohliestions to the merchants and ease the
lstter's credit position. Merchants are at
ternting TO reduce overhead to mihimnTR IN NUN
Peru.-Collections are reported as only 1a
fair both with respect to imports ana 10
Cautious in permitting creditors to under
take new obligations. L ..,dips
UTgEusa a,5 9 payment yas passe0 81 commerca
debts 6esShG instead Of the frst hye months as
previously provided. Final actioh NV %its aken
Merehants report extreme difhculty in tax
inE care Of foreign obligations A. -
extremely slow and there Is no inolcasiSoTn ca STs
Of an early improvement me uhIsHoi s'oio sote &c
exchsnge situation dominates local business
fake this factor into consideration IN aooi-
tion to the credit standing Oh tneH Gus
TONERS. .,4uL. irc-ss,s is reported in
the foundations of some OF tne smahheI he I
concerns and collections appear 70 nave Pc
come more difhcult. Caution is recommended
in checking all credits l., .so,,,,, q
poIicy of quick sales for cash and small
pTohts. old-established firms are meetins ns
the obligations which they ss@}t sSS}nmef nf ,srqe
these DO not appear 10 De the fesu4t Va AAie@
Philippine Islsnds.-Collections in Ceou
are extremely difcult' ana me tSs WSo1e
situation regarding credits and coliectlonS ls
no more encouraging than II has been our
lns previous weeks. t.or.
ment in the collection situation, not 81
much as was expected for the season. Col
lectionS in the South are reported 10 hs''
slowed down perceptibly. -,
China throughout CHINA car.
ried low stocks during the past year any anS
are continuing the policy OF dorolnste,
the outlook with respect to creolts ana coi'
lectonS. ,,.-, ,..... :, sv
change affect New Zealand imports from tnt
Iinited states as a result of the change-oyel
Of England from the gold STANDARD
present, there is eonSloeLaole optimism VIII
Netherland East Indies.-Inventories ar
in many Instances too low even for presen
market IeaQrementsa ~ as irnorteSs tesE to G }educ
their obliEa tions to exporters and TO restric
credits locally. Importers generally refuS
w Pa is FspoTted 10 s 4Hy most ''0f Of tn
business in the up-country is now oelni
done on cash basis.