Indianapolis Times, Indianapolis, Marion County, 20 May 1949 — Page 15
HN A pe is i ’ o
FRIDAY, MAY 20, 1049 THE INDIANAPOLIS TIMES _ PAGE 15
Spain Today—No.5 RHEUMATIC PAINS i” S. Gives Spain Cold Shoulder As Other Countries Sign Trade Pacts AR
relief of pain and discomfort bago. Fry tigate fg, lent By WILLIAM H. NEWTON; Seripps-Howard Staff Writer gentinfl, Brazil, Mexico, Turkey,two years that I've seen a single you've got to continue to use Some American surplus war LSTIFLLTI S A satisfaction or your money refunded. Why | MADRID, May 20-While the United States turns a cold shoul- Re and the Sountries of theijtem of American equipment.” British equipment on that ine! materials, principally Army, \Ma.43 er? Ask your druggist today er toward Spain for pol reasons, the governments of France, East. “That" said Itrucks, chased 4 WINTER-X Tablets, 100 for $2.00. The Britain and other Sorspess. countries are a, signing trade agree- Only the United States and the D Us a queer thing, 100, be-izrom then on,” one ju have been pur at LLECTRIFY RM. Keene Co. Pharmaceutical Chem- ments with Franco. Soviet Union and her satellites our English prices are very Spanish officials say the State low prices by European govern- pl —.
ists, Indianapolis 4, In Indiana, -
Al
Terms of some of these agree- refuse to make any trade agree- Nigh.” Department has discouraged ments and later resold to ‘he! ments, according to American ments with the Spanish govern- He said that new British trans-' American banks from making|Spanish at a profit.
economic experts here, are so ment. The U. 8. will trade—for|-ormers and power generating ., ial ! separa S T A MN L F y' 'S eral” as io” actually constitute dolars only, which the Spaniards its are being lnsaled al over DE ec a Bem Spall
Given Away at Our
loans. n't have. The Russians won't/the country. ‘can have from the U. 8. on Zz PEN One of the chief reasons for trade at all. Before 1936, nine out of 10 auto- those things which she can > = = GRAND 0 ING the State Department's policy to-| A British engineer who has mobiles sold in Spain were Amer- for immediately in cash dollars: |} ‘BRAND NEW ward Spain is that any move to Speust most of the past two years/ican, officials say. Today the The world-wide dollar shortage Ji assist Franco in his present eco-|Id Spain installing hydro-electric/ French and British monopolize makes these terms prohibitive, for fi 4-CYLINDER FORD nomic difficulties would be “dis- equipment along the Ebro River the market, and the only Ameri- any volume of trade. I astrous” so far as French and|Said that about one-fourth ofican cars here are those owned by So the French and British are ll 2 Flight Dail . and Many Other Prizes British public opinion is con-| the new equipment comes from diplomatic personnel. {getting such ores as tungsten, for {ji ghis ally SUPER : ro. Britain, half from Switzerland,| The long-term effect of present example, which is still on the crit- |} Phone: FRenklin 1554 LEON'S ager
This consideration, however, ang rest from France and|U. 8. policies is probably of more ical list in the United States. We I
importance than the immediate paid Spain h does not seem to impress the gov-{ « Pp pain hundreds of dollars ernments of those oy untries i Tve seen very little American result, economists say. per ton for tungsten during athe, ly so much as it does the Amer- equipment,” he seid. “In fact, I ‘Once you've put in a railway war, largely to keep it out of the fcan policy makers. can't call to mind in the past line using all British British itish squipment, ‘hands of the he Germans. !
The result is that American usiness has almost been driven ut of the Spanish market, and A the ‘British and French have tak- N AL en over. In May, . 1948, the French
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signed an agreement to send r Spain. raw materials and manu- Womember We re factured articles worth 5 mil- Ri ht {lion at the official rate of exichange, in return for $79 million the Address: 19 iworth of fish, fruits, wines and or ; Across minerals. | New Items Added 139 West h s France agreed to send Spain, each year, 210/000 tons of coal, Washington “ t e ireef 400,000 tons of phosphate rock, 9000 tons of steel products, 3000 from the passenger automobiles, 2450 St trucks, and over one billion 2 Indiana
This agreement was amended
French francs worth of railway and’ Ee 2/4 eas? SA 2 Thealer
last December and new items added to the list, and a further agreement is now being drawn which will permit a Spanish |“overdraft” of nearly a billion land a half French francs—or around $5 million. For all prac-
w : INE 3 N N N : * é X Xx -.. = [tical purposes, economists say, 4 / this amounts to a loan. 4 The British have signed a sup1 DOWN 1 A WEEK plement to a 1948 agreement r * which provides for the exchange : 2 of about a billion dollars worth 2 *See Our Complele Line of Bulova Walches Priced from $24.75 [of goods, each way. , From Spain will go iron ore, potash, cork, zinc, salt, mercury, . EX 5 “ f -_ tungsten, olive oil, oranges, : 2
lemons, almonds, iron pyrites, and drugs, in exchange for British automobiles, trucks, coal, fertili-
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