Show U. U S.-Argentina S. Trade Revived With New Automobile Shipments N r I t Pl uw vi t m. m r 4 to l let Al Nt r rr r t t South American Republic Orders Vehicles Valued at pr Prepared by National s Society et gl 18 M Washington t D. D C. C C. Service Recently restricted trade relations between the United States and Argentina Argentina Ar Ar- gentina have taken another turn according according ac cording to dispatches from BuenosAires Buenos Dueno BuenosAires Aires indicating that Uncle Sam is I. about to sell seU more pleasure cars can and trucks to the South American coun try Under a new agreement with the Argentine government U. U S S. S auto and truck concerns are reported report ed to have signed up for more than worth of Argentine treasury treasury treas treas- ury notes note in return for permission to export cars car and trucks truck to Argentina Argen tina llna In an equivalent amount Argentina Is usually one of Uncle Sams Sam's best customers customer In the automotive automotive auto autt motive field In the first three months of this year however a sharply curtailed quota on United States cars together with other trade restrictions resulted In a drop of nearly 50 per cent in n all aU U U. S. S exports to the Argentine Trade Balance Upset In the first quarter of 1938 the United States sold Argentina a bill of goods amounting to more than but in the corresponding correspond ing period of 1939 1039 U. U S. S exports amounted to less than 12 1212 million dollars Imports of Argentine products prod to the United States on theother the theother theother other hand went up from about 1212 million dollars for the first quarter of 1938 to something over this year These figures show a reversal of the previous trade situation between the United States and Argentina For in 1938 Argentina bought from the United States more than twice as much she sold here here here-a as a condition con attributed then to heavy Argentine Ar Ar- Argentine gentine purchases of machinery and vehicles In addition to automobiles trucks and farm Implements Implement Argentina normally takes from Uncle Sam important im portent shipments of American motion motion motion mo mo- tion picture films steel chemicals office equipment and building ma In return she sells chiefly linseed wool casein hides corn quebracho logs and preserved meats Competitors In World Markets A constant and Important feature of economic relations between the United States and Argentina Is the fact that they both raise for ex ex- export port many of the same products products- for example wheat and corn beef and mutton hides and wool The United States itself Itsell provided much of Argentinas Argentina's tools and fa facilities fa for the scale large-scale production that was to make her in time a serious competitor in world mar From the industrial plants of the north came plows plow seeders harvesters harvesters har har- vesters and tractors together with forests of windmills that now rise from one end of the Argentine plains plain to the fhe other pumping up life-giving life water for the herds for small towns for plantation crops gardens and shrubbery American packing companies com panics moved down to fatten cattle on their own ranches Seed wheat from Kansas was even exported tobe to tobe tobe be turned later into still more competition competition com com- petition in the world grain markets Foreign Capital CI Built Railroads Foreign capital also exported to Argentina brought the railways over which the products of the vast flat and end fertile fields are now raced to port and thence to market over seas With millions of yards of Imported wire the great feudal like feudal like estates of the Argentine pampas were fenced In Settlers came mostly Italians Spaniards Englishmen and Irishmen Irishmen Irish Irish- men with a sprinkling of Poles Germans Syrians and others Prize bulls and blooded stock replaced the wild herds that once roamed these plains that tha t stretch for more than a million square miles east of the southern Andes A live livestock livestock stock census gave Argentina in 1937 a cattle population of head some sheep Packing plants grain elevators and huge refrigeration systems came into being Today Argentina has the worlds world's largest refrigerating plant She exports more beef than any other country most of it going goinga to Great Britain She supplier Tv ivr or r two-thirds two of the worlds world's end and endmore lindmore more than half of its corn In what wheat export she ranks after Canada in shipments of lamb and mutton aft aft- r or r New Zealand and Australia he e e commercial heart beart of the na HEADED SOUTH SOUTI Pictured here is a shipment of oJ passenger a automobiles awaiting au shipment for or Ar Argentina entina Recent trade news nel indicates indicate that the South American republic is prepared to 10 purchase U. U S S. cars car valued laluM at atmore atmore atmore more than three million dollars dolla and most important port of South America Buenos Bueno Aires has some 60 00 banking Institutions ing big foreign branch banks of the United States Great Britain Germany Germany Ger Ger- many Italy Spain Canada and the Netherlands With its It wide avenues avenue parks and swimming pools its pac packing kine plants plant smart mart shops tall buildings slums and show places place it has been variously called the ChIcago Chicago Chicago Chi cago Los Lo Angeles and Paris Pari of South America |