Show U argentina S trade revived with new automobile shipments F WR iv amt owr south american republic orders vehicles valued at prepared by national gc geographic rapha c society washington ashington D C se service r v c recently restricted trade relations between the united states and argentina have taken another turn according to dispatches from buenos aires indicating that uncle sam is about to sell more pleasure cars and trucks to the south american country under a new agreement with the argentine government U S auto and truck concerns are reported e d to have signed up for or more than worth of argentine treasury notes in return for permission to export cars and trucks to argentina in an equivalent amount argentina is usually one of uncle sams best customers in the automotive field in the first three months of this year however ho however a sharply curtailed quota on united states cars together with other trade restrictions resulted in a drop of nearly 50 per cent to in all U S exports e x ports 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 period of 1839 1939 U S exports amounted to less than lovs 12 million dollars imports of argentine products to the united states on the other hand went up from about wh 12 million dollars for the first quarter of 1938 1933 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 as she sold here a condition attributed thep then to heavy argentine purchases of machinery and vehicles in addition to automobiles trucks and farm implements argentina normally takes from uncle sam important shipments ot of american motion picture films steel chemicals office equipment and building materials ter te 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 tact fact that they both raise for export many of the same products tor for example wheat and corn beef and mutton hides and wool the united states itself provided much of argentinas Argen tinas tools and facilities cili ties for the large scale production that was to make her in time a serious competitor in world markets from the industrial plants of the north came plows seeders harvesters and tractors together with forests of windmills that now rise from one end of the argentine plains to the other pumping up life giving water for the herds for small towns tor for plantation crops gardens and shrubbery american packing c companies moved down to fatten cattle on own from kansas was even exported to be turned later into still more competition in the world grain markets foreign capital built railroads foreign capital also exported to argentina brought the railways over which the products of the vast flat and fertile fields are now raced to port part and thence to market overseas with millions ot of yards ot of imported w wire ire the great feudal like estates ot of the argentine pampas were fenced in settlers came mostly italians spaniards englishmen and irishmen with a sprinkling of poles germans syrians and others prize bulls and blooded stock replaced the wild herds that once roamed these Texa plains that stretch for more than a million square miles east ot of the southern andes A live stock census gave argentina in 1937 a cattle population of 33 head some sheep packing plants grain elevators and huge refrigeration systems came into being today argentina has the worlds largest refrigerating plant she exports more beef than any other country most ot of it going to great britain she supplies ver over cand two thirds of the worlds linseed and more than half of its corn in wheat export she ranks after canada in shipments of lamb and mutton aft aft r new zealand and australia the commercial heart of thena HEADED SOUTH pictured here is a shipment of passenger automobiles awaiting shipment for argentina recent trade notes news indicates that the south 14 american merican republic is prepared to purchase V U S cars valued at more than three million dollars tion and most important port of south america buenos alres aires has some 60 banking institutions including foreign branch banks ot of the united states great britain germany italy spain canada and the netherlands with its wide avenues parks and swimming pools its packing plants smart shops tall buildings slums and show places it has been variously called the chicago los angeles and paris of south america |