Official quarters here show but little enthusiasm over the suggestions to subsidize trade with South America, made by Mr. Bernard Baruch, wartime head of the Munitions Service.
All subsidies provided to favour exports provoke suspicions even in the countries benefiting from the measures. They always suspect the subsidies are inspired by ulterior, political motives.
A State Department personality showed, in this connection, that advantageous German offers to Venezuela, Cojombia and Brazil had not been accepted. He added, "Besides," the master position of U.S. trade i South American markets is not menaced."—Havas.
"In this ase, it is a genuine trade credit which is calculated in terms of accrual of goods, not poli cal loans which are introduced in the Western European Bourses and palmed off onto a gullible public.
"Furthermore, Germany has great tasks to the southeast from the point of view of geography, economics and communications. glance at the map of the Danube Basin shows there is one great trade unit whose extension to the North Sea is assured not only by the intricate network of railways but most important, by the Rhine-Main-Danbue Canal.
"As Herr Funk said, many national economies have room in this area and it is expected that the changed politi-Cal situation will result ina sound basis for the ce-operation of all these national economies along general constructive lines," the newspaper pointed out.—United Press.
Text read from the printed page and cleaned; old type leaves the occasional error.