| Show U S argentina trade revived with new automobile shipments M 1 11 3 ata 7 a IU south american republic orders vehicles valued at prep prepared r ed by national geo geographic ra society washington a ashington sh ington D C service 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 to have signed up for 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 a sharply curtailed quota on united states cars together with other trade restrictions resulted in a drop of nearly 50 per cent in all U S exports to the argentine trade balance upset in the first quarter of 1938 1933 the united states sold argentina a bill of goods amounting to more than but in the corresponding period of 1939 U S exports amounted to less than million dollars imports of argentine products to the united states on the other hand went up from about 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 then to heavy argentine purchases of machinery and vehicles in addition to automobiles trucks and farm implements argentina normally takes from uncle sam important po shipments of american motion picture films steel chemicals office equipment and building materials te rials 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 export many of the same products 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 pla plains ns to the other pumping up life giving water for the herds for small towns for plantation crops gardens and shrubbery american packing companies moved down to fatten cattle on their own ranches seed wheat 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 and thence to market overseas with millions of yards of imported wire the great feudal like estates of the argentine pampas were fenced in settlers came mostly italians spaniards englishmen and irishmen with a sprinkling of poles ger germans lans 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 miles east of ohp southern andes |
