The Archive · 1934

Barter System

One outlet which is seen by the more optimistic government officials {ig the establishing of a barter system of trade between the United States and Japan. They point out that as a result of the decrease in the demand for sk in America, Japan to-day buys twice as much from the United States as she sells. Silk, they point out, is the biggest factor in this unequal balance. America, they con-elude, should be made to purchase more silk.

Apart from the barter question, which it ie generally agreed is im: practical in view first of the pheno-monal growth of the artificial silk Industry in the United States, and second to the fact that it is not so much the quantity of silk exports that has been cut, but their value, the question remains as to whether the alike industry can stand thorough

Text read from the printed page and cleaned; old type leaves the occasional error.

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