Show Trade Stimulation ys Solution of Tariff Barriers Fluctuating Moneys Being Sought t 5 By JOSEPH H. H BAIRD United Press Staff Correspondent WASHINGTON April 14 The 14 The real goal of ot the coming economic talks talk in Washington and London is 15 to help the butcher baker and candlestick maker to sell their wares wares' and buy ot other er products of ot farm and factory Cutting through the maze of academic academic academic aca aca- demic talk about import quotas preferential preferential preferential tariffs price indexes and the gold standard the real problem as gover government ment economists see it is to stimulate the exchange of goods and an honest days day's work for a fair profit To this simple but challenging task the Roosevelt administration so its officials say is dedicating itself All but one of the governments Invited in invited invited In- In to send special representatives here for economic talks with President President Prest- Prest dent Roosevelt had accepted today The one exception was Argentina Prime Minister Ramsay MacDonald of Great Britain first of the thc visitors I is expected here late next week Before Before Before Be Be- fore he leaves the White House former former former for for- mer Premier Edouard Herriot of France will arrive Afterward come official visitors from rom Germany Italy Canada Mexico Brazil Chile Japan and China and China and perhaps Argentina The talks will be directed d toward a return to stabilized money and the battering down of tariff walls to tomake tomake tomake make wa way for r a vigorous and profit- profit earning world trade TRADE CURTAILED During the last few fe years constantly constantly constantly con con- rising tariff w walls and fluctuating fluctuating money the preparatory commission commission commission com com- mission for the world economic conference cont con con- t terence ference rence found have severely curtailed trade between nations Not only has its dollar value lue dwindled but the absolute quantity of goods exchanged ged has decreased 25 per cent That is the sharpest fall in the history history his his his- tory of ot commerce VIf V 7 If this fall continued at the present rate the ec the economists n at Geneva estimated estimated estimated esti esti- mated tra I between nations would reach zero in Ma May 1934 only 1934 only 13 months hence As an example of what Is happening happen happen- ing ini all over the world economists America In let 1928 this coun country I try sent abroad products of farm arm and factory worth In the same year it bought articles valued at By the end of 1932 exports had shrunk to and imports to Wheat rotted in ele eta Shoes machinery and other products were stacked high in factories factories factories fac fac- I tories lacking a buyer During Durin all of this period tariffs tariffs' Continued continued on Pace Two PARLEY HOPES ARE OUTLINED Continued From Pass Pace One I were mounting During the latter part of It national currencies were fluctuating all over the money charts I More than 40 41 nations now are of off the gold standard An exporter does not know in the morning what the foreign money in which he ho will re receive receive re- re payment will be worth at night Like the two blades of a pair of scissors economists economist say fluctuating money and mounting tariffs are cutting cut- cut ting ling the life Ute thread of trade In simple terms economists economist explain explain ex ex- plain this Is what Is happening Country A goes off oU the gold standard standard stand stand- ard and its money loses value In terms of money of country B. B Manufacturers l and farmers of country A see a good market In country B B. B Because their currency Is depreciated they can sell their products there cheaply and still make a good profit But as soon as the exports experts of country country country coun coun- try A start pouring into country B It raises Its tariffs to keep these foreign foreign for for- eign goods out and to protect It its own Industry The business men of country country country coun coun- try A unable to sell any longer In country B or elsewhere have no money to buy the products of other nations This situation m multiplied by 40 0 represents represents rep rep- resents the world situation today The only solution In the view of Secretary of ot State Hull Is h to st stabilize money on a given level and to reduce tariffs That will b be the goal of ot the administration administration admin admin- In the economic talks here and later in the world economic conference conference conference con con- ference at London ondo |