Show FOREIGN CREDIT DECLARED SOUND Appeal of Foreign Nations Will Meet With I Approval Y YI I v WASHINGTON ASHINGTON Nov 1 1 Members I.-Members Members ot of the International trade conference which met recently at Atlantic City were assured today b by Governor Harding that the tho federal reserve board was convinced that the obligations obligations obliga obliga- lions Great Britain Belgium France and Italy desired to offer In this country as a a. basis basis' for commercial credits w were re sound Their appeal he said said would meet with the approval of ot business men here Senator Owen of ot Oklahoma who accompanied the visitors to the treasury suggested that the tho credits might be indorsed by this government and the federal reserve resene banks With such Indorsement he ho said there would be no difficulty In negotiating trade credits for tor the sale of ot American products to European nations John Skelton Williams comptroller of or the tho currency declared the national national national na na- na- na banks banIs of ot the country were In Ina ina a It better position now to respond to the credit needs of ot Europe than ever before Dr Adolph Miller Milter of the federal reserve board pointed out to the delegates however that the United States was experiencing a condition condition condition con con- of ot industrial unrest which would make their task not easy of ot accomplishment |