TRADE RECOVERY.

Auckland Star, Volume LVI, Issue 66, 19 March 1925, Page 8

TRADE RECOVERY.

OUTLOOK SATISFACTORY. An article in the "Trade Bulletin" issued by the Alexander Hamilton Institute, New York, states that the increase in the world's export trade since the Avar had naturally not been uniform ■for all countries, nor is every country exporting a smaller quantity of merv chandise than before the war. It is estimated that world export prices in 1923 were 56 per cent higher than in 1913. Amongst the principal exporting nations, Japan, Canada, Cliina and the United States had made material gains in the quantity of merchandise exported in the past decade. The other countries are doing less business than before the war. In Russia and Central Europe the depression is the most pronounced. The combined value of their exports in 1913 was approximately 44 per cent less i than in 1913. Cuba, because of the increased demand for sugar showed a gain of 153 per cent. The article states: "The outlook is that Europe will have an easier time in 1925 financing foreign purchases, and that this factor, coupled with her large needs, will be a decided stimulant to increased world trade next year. The j adopt;on of the Dawes' plan' put European credit on a much sounder basis. The ease with which recent German and French loans were floated, bear witness to the American business man's renewed belief in Europe's good faith. Russia, of course, is not included in this category. The people of the world generally are very much in doubt as to the soundness of that form of Government. Russia will probably continue to be a rather unimportant factor in the world's trade. But to the other nations of Europe there should be ample credit available from the United States where money conditions are so comparatively easy. The world, as indicated by international "trade statistics, seems now to be well started on the road to recovery from the war. It has apparently still a considerable distance to go, but the prospect is that it will continue to gain steadily as during the past three years. In fact, there is a possibility that the best gain of all may be made in 1925."