Show ANAL ANALYZES WORLD OUTLOOK FOR TRADE IE I British Official Reports Indicate Indicate Indicate In In- Plentiful Meat Supply Supply Sup Sup- I ply but Sugar Shortage I I r LONDON I May May 22 The The w worlds world's shortage of of Jt supplies s may may be b briefly s summarized mm from British official of official ot- ot reports reports' as follows f Wheat No Wheat No difficulties are expected ted by England in obtaining sufficient nt supplies because the competition for foi worlds world's supplies will depend upon the purchasing power of ot European countries countries coun cout tries most of ot whom are forced to to r restrict re- re i I strict purchases far betow below normal needs owing to lack of ot credits For instance Italy has c cut t down cereal I imports to half halt those of ot last year yearL Britain has the strongest p purchasing power In Europe and it is depreciated ed by 20 per pcr cent I Meat Meat Meat-A A gl glut t r rather ther than a shortage shortage shortage short short- age age of ot imported meat is expected for England who because of ot her financial financial finan finan- cial position will be the buyer for tor formost formost most of ot Europe no Woo Wool no scarcity is expected except except cx- cx ex ex- for the finer tineI varieties Australian Australian Austra Austra- lian and New New- Zealand clips up to the middle of ot 1920 l have ha e a been bought by the British government and negotiations are are proceedings for later sup sup- j plies L Paper There Paper There Is a heavy paper pulp shortage tn jn n Norway Sweden and Canada the principal producing countries countries countries coun coun- tries tod today y This is s due t to rapid de development and enlargement of newspapers newspapers newspapers news news- papers since the armistice and the great demand for tor Canadian pulp Inthe Inthe in inthe the United States British papers will soon be forced to reduce their size Ninety per cent of ot them already are arc less than half halt the size of ot American newspapers Coal Production Coal Production both in England I and continental Europe is under prewar prewar prewar pre pre- war amount but there is no question of ot a serious shortage in England where exports are controlled and can be limited still further But the price is mounting owing t to continual wage wag demands Oil Supplies Oil Supplies are becoming scarce owing to the fact that the war gave great impetus to the motor industry I In England The expected exhaustion of ot American wells while affe affecting ting Great Britain seriously seriously- today is likely likely likely like like- ly to spur development ot of British oil interests throughout the world es especIally especially especially es- es in the Russian Baku Persian Mesopotamian and Indian fields Power Power Pow Pow- er alcohol also will be distilled |