Ogden Standard-Examiner | 1920-10-17 | Page 26 | U. S. Goods Stacked up at Argentine Seaport

U. S. GOODS STACKED UP I I AT ARGENTINE SEAPORT BUBKOS AIRES. Oct. 10. The ac-'Climularjon ac-'Climularjon of North American mer-Ichandis.? mer-Ichandis.? In the Buenos Aires custom ' house is now estimated lo total $7,, i : 000,000. The Argentine consignees of I merchandise have declined to remove I It ow ing to th losses they would suf-fer suf-fer in exchange through the rise in tin American dollar which amo.uhis to nearly twenty per cent. It is stated in banking clrcll - thai some of this merchandise has been flatly rejected, the consignees saying ;they would be unable to sustain the 'losses entailed. I Many consignees have proposed to 'make Immediate payment on the ba-) ba-) sis 'of the exchange rate which prevailed pre-vailed at the time they contracted tor the goods and pay three months hence whatever difference, in exchange prevails pre-vails at that time. In various cases. it Is said, these proposals have been refused on the ground of money light- BI ness In the United States Li