Salt Lake Telegram | 1920-11-07 | Page 12 | French Commerce Hampered by Exchange

FRENCH COMMERCE HAMPERED BY BYS S EXCHANGE Textile Industries in North Suffer From Price of Raw Materials BY WON YVON VON DELBOS Noted French Writer on Economic Ques dues I PARIS Nov 6 6 Franco France Is In in a difficult difficult cult position In iii regard to c commercial I Hampered Ham I relations relations' r relations with other ther countries pend trade trade with with by depreciated he United 1 currency States and m in ng- ng ncr her land Jand her high rate rale of exchange as compared compared com com- pared with the moneys or of f. f the central empires prevents profitable business with them the France buys raw materials from rom United States and amid Great Britain at an exorbitant price When she tries to dispose dis dispose die dis- pose of her products she Is unable to obtain ob oh obtain ob- ob tain adequate compensation from coup coun- tries Irles where the time exchange rate makes French rench prices prohibitive tI tIc c TEXTILES RECOVER The Th textile industries of ot the tho north which are Just beginning to recover from the effects o 0 the war are threatened with a a. terrible crisis The wool combing factories of TOurcoing Roubaix-TOurcoing have already already al al already ready accumulated hugo huge stocks huge stocks of ot merchandise merchandise mer mer- chI chandise which they Cannot Cannot- dispose of and before 1 long n I Jn the e Korth SY t r r 4 a 4 q C 1 f f. of oC France will be with too too large reserves MARK MARKETS TS CLOSED The markets of or Central which before the time war absorbed a large share of our products are now closed to us They cannot pay our prices A At t the same time we wo must try to keep our population population population lation employed and to do this we must buy raw materials at a high rate Tho The only solution is for tor France to make mako commercial treaties which In some wa way even cven if IC only a small scale start the tho resumption o of normal regulations and provide for an exchange of or raw materials and manufactured products