The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-08-08
VERDICT NEAR
ON u. 5. TRADE
WITH RUSSIA
Survey Committee Soon to
Reach This Country TO
Study Situation.
EUROPE AFTER 'PLUMS'
America viii Have Stronu
Opposition in Race for
Big Business.
BY WILLIAM PHILIP SIMMS.
ScriDps- Howard Foreign Editor

WASHINGTON. Aug s. 49, The
future Of Russian American trade
once worth more than 500 900 600
year to the United States. Is IN
the balance The next few weeks
Will tell the tale.
Former Senator Smith w. Brook
hart. of the agricultural adwg.-
ment administration. in an interview
today, declared that Great Britain
France. Spain. Italy Poland and
other European countries feverishlv
are striving TO capture this trade
ana VIII do so unless the United
States outplays them.
About forty Soviet experts are
about TO embark for this country.
10 study the situation. with a view
TO future purchases OF cotton. in
duStrial and railway equipment.
aviation. automobiles and machin-
cry OF almost every variety.
Trade Fate in Balance
On their reports. and upon what
sort Of terms Amtorg. the Soviet
buying agency in this country. il
authorized to send back to Moscow.
depends the fate of Russian-Ameri-
can trade for years to come.
The United States will have 10
meet strenuous opposition abroad.
Inc most important powers of Eu-
rope and Asia only have not ex-
tended recognition to the Soviet
Union, but financially are backing
their nationals engaged in filling
orders for that country.
In one respect we are fortunate +"
said Brookhart. The Russians pre-
Ter American products in MANY
cases. and as their great need is for
almost all kinds of machinery and
Tor raw cotton. we are situated
ideally to fill their orders.
Right now l could sell them
OUOOO bales of cotton if I could
give them the credit Europeans arc
giving them. "a million bales of
COTTON at present prices amounts to
about s55,0OO,000J
"uy lot huge Orders
Under proper conditions thew
would buy about 500 600 600 Worth
OF railway equipment from us
Within the next five years I esti-
mate that. given normal credit ia
cllities. we easily could sell thorn
5OO'COOOo0 worth Of our products
an, ana mat Is lot of money in times
like these. '''''
MY investigation proves the
SOVIET Union is a good risk Since
coming into power they have i'm
ported S4.200.000 900 worth ~
foreign goods and exported s3 $50
oOo'OOo worth of their own. They
never have defaulted on a cent.
Inc government stands back M
every purchase made. and vast re-
sources are back of the govern
ment. Russia produces $50 600 Ooo
worth Of gold annually more
platinum than all the rest NJ the
world put together, more oil than
any other nation save the United
states, and her timber reserves are
the greatest on earth. And her
entire foreign debt amounts 10
only $3.50 100000.
Chance Is Here
The other day, in London. Soviet
Foreign Minister Litvinov an
nounced that Russia was prepared
to buy $1,000 100000 worth of what
the rest of the world was anxious
to sell. Whether we get our share
OF this trade depends on the terms
we are prepared to offer.
certainly the next few weeks
VIII be crucial ones for us, so far
as our trade with Russia is con-
cerned.
our chance TO get in on the
ground floor is at hand. II we don't