Jasper County Democrat, Volume 22, Number 77, Rensselaer, Jasper County, 24 December 1919 — STOCKS BRING $700,000,000 [ARTICLE]

STOCKS BRING $700,000,000

ImmeßHe Army Supplies in Europe Have Been Cleaned Up. New York, Dec. 22. —A total of 1700,000,000 was realized by the sale of America’s war material in England, France, Belgium, Italy and Germany, Edwin B.'Parker of Houston, Tex., chairman of the Uni' ted States liquidation commission, said yesterday on his arrival from Europe with, five other members of the commission on the transport Powhatan. He said that the commission also cleaned up claims due and against the United States for as much more. The report will be ready in a few days. Mr? Parker asserted that while it had taken the commission pnly 10 months to dispose of all of this country's war stocks abroad, the pther allied countries had not yet been able to make an inventory. He denied that motor trucks had been "left to go by the boards.” Trucks im Germany were sold to a syndicate for $15,000,000, he said, and a British syndicate bought automobiles for $1,000,000. , All American war material in France was sold for $400,000,000. He asserted that the articles were sold for more than 50% of what they cost. Much of the material was Junk and was more of a liability than an asset, according to Mr. Parker, and as ships were not available it could not. be brought home. He said that the material would have brought less in America than in Europe.