factor in' America's, trade with An important and disturbs
China during 1931, according to the! Par Eastern economic review published the United States De-was aniht, review declares that while shipments, of American goods to declined during the past year} the shipments were not lowered as mach as they were to other countries in the Orient.
During 1981, accord to the announcement of the Uni The steamer Oostkerk, of the Rotterdam—Java service had been seriously damaged by in Rotterdam harbour. She was cartying a cargo of copra and oil.
Mr. R. R. Eckert, executive of a ing "American copper company, id on Dec. 21 that the world's prin-al copper producers have entered into an agreement to cut world] of Jeopper production to 26) per cent, Jof capacity by January 1. Of the mines to be affected by' the agreement, Mr, Eckert said, 70 per cent. will be' outside of the United States.
The railways of the United States Jare facing a serious situation be-use of the long prevailing finan-economic and industrial depression, Mr. Daniel Willard, the President of the Baltimore & Ohio System, told the Senate Banking Committes on Dec. 21. Appearing] before the committee Mr. Willard] testified that 82" railways will fall G.$120,000,000 short of earning their fixed interest charges for the present yeas The commercial community in Teheran are elated over the nouncement made on December 23 that rich deposits of coal have been discovered near the town of Yeu as it is considered fu ther supplies of coal from this source will have an important influence on the country's industrial development, "Early in' the year! coal deposits "which are now being " successfully worked were discovered near Herman, Mr. Paul Hester, the Supervisor] of the Federal Land Banks, on Dec. 23 told the Senate Banking Committee that the farmers of the Unitea States are suffering serious-
of economic res from the long prevailing period Slone lite, Hester said that the? mers have borrowed upwards of G$1,000,000,000 from the Federal Land Banks and that 233 per cent. of the borrowers are now delin-Jquent in their payments on interest Senator William E. Borah, the Chairman of the Senate Foreign Relations Comittee, om Dee, 21 advocated the passage of legislation to restrain financial interests in Wall 'Street, New York, from foreign bond operations. Senator Borah, Re-Publican of Idaho, mede his' state-mont as the result of hearings ce dacted by his Foreign Relations Cotmmittee during an investigation of the operations of international bankers. - Senator that! already the investigation hi vealed the necessity of protecting the American investing public. eae Senator Bronson Cutting, Republican of New Mexico, and Senator Hamilton Lewis, Democrat of] illinois, on Dec. 21 asked President Hoover to parole Mr. Albert Fall, former Secretary of the Interior, who is serving a year's penitentiary sentence following his conviction on charges of conspiracy and bribetaking in connection" with the all scandals of the Administration of the late President Warren Harding. In reply to Senators Lewis and Cutting, President Hoover held that the matter must be decided by the parole authorities at their meet ing in January, trade with Japan increased volume but declined in value in the amount of 20 per cent—Uniled Press.
Text read from the printed page and cleaned; old type leaves the occasional error.