Evening Republican, Volume 23, Number 202, Rensselaer, Jasper County, 21 August 1920 — NORWAY FORBIDS IMPORTATION OF ALL LUXURIES [ARTICLE]

NORWAY FORBIDS IMPORTATION OF ALL LUXURIES

Importation into Norway of articles of luxury such as automobiles, diamonds, laces, paintings, pianos, and phonographs, silk, jewelry, watches, furniture, furs, patent leather shoes, and motorcycles is forbidden by a government order effective yesterday. The action was taken in order to halt the decreasing value of Norweigian money, largely caused by overwhelming imports wßiile exports declined. American trade is therefore restricted, as the greater part of the articles named have been imported from America. The high dollar rate had already restricted the purchase of American goods. The rate today was 6.67 kronor to the dollar, as against the normal rate of 3.72.