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Show SAY EUROPEAN BUYERS I AVOID YANKEE GOODS LONDON, June 1. Curcnean buy-ci'g buy-ci'g aro avoiding American goods when they can get others. This ia the note of warning uttered by the Amuricnn chamber of commerce com-merce in London and the seriousness of thin aspect of the foreign tradoj .situation is emphasized "by the Week- ly Export "'Bulletin, which points outi that every factor favorable to laying tho foundattion of permanently great exports Is present with tho exception : of credit. "The American business world fiuds ( jtself almost entirely without the credit necessary to finance exports." i says the report. "The glorious talk! about the Edge bill, the billion dollar! fund of the war finance corporation.) and the other schemes for financing exports have all faded away. The banks appear unable even to supply sup-ply all the loans demanded for domestic domes-tic business. "The depreciation of tho European exchanges and the consequent restriction restric-tion of the purchasing power or this country is a factor which many American Amer-ican manufacturers failed to reckon in earlier and more optimistic calculations." calcula-tions." However, the report of the American chamber of commerce expresses much hope in the future for American trade in Europe if the American merchanjs will get together and assist in adjusting adjust-ing the exchange balance. Without some co-operation in this way It is apparent ap-parent that American business inter csts will suffer in the near future. , |