4
THE MTCHTIGAN bATLY
SUNDAY, OCT.
a as . . a a .a u as a v a i i n L° fi !R al/ l:.
r-.. . .. ..,rte
j -V
Ge
rrnmn -South American Trade Pacts Fred Johnson
Upset By War, Prof. Phelps Asserts! To Talk H
ere
I
Community Fund Official
By WILLIAM NEWTUN that many of the goods Germany had
The economies of South American contracted to send to South America
nations have been greatly disturbed had not yet been delivered. In addi-
by the outbreak of the Second World tion, many German-built projects in
War, Prof. D. M. Phelps, of the South America-the Chaco area pipe-
line and the oil refineries in Bolivia,
School of Business Administration, for example-were left half-complet-
said yesterday. ed, he added.
Germany built up a very heavy Besides, Professor Phelps com-
trade with the South American na- mneGray eetyago
tions during the past five or six years, mented, Germany, recently a good
he went on taking raw materials and market for South American goods,
food products in exchange for ma- was cut off. Many of the machines
chinery and other finished products, and plants built by the Germans
Aski-marks, currency good only in were found to be poorly constructed
Germany for the purchase of speci- of inferior materials, he pointed out.
fied goods, Professor Phelps ex- It seems that the governments of
plained, were used by the Germans these countries might have foreseen
to pay for many of their imports. The the possibility of these difficulties,
balancebof these were the result of he continued. Their lack of fore-
direct barter arrangements, one of sight, said Professor Phelps, has re-
these involving the exchange of loco- sulted in part in the present economic
motives for Argentine wheat and dislocations.
wool. It is difficult to determine the long-
When the war broke out and Eng- run effect of the war on the;economies
land began her blockade, Germany of South America, he went on. These
was obviously unable to continue her nations, he explained, have many
exports to South America, he con- products greatly needed by the war-
tinued. This difficulty was complicat- ring states of Europe; surpluses which
ed, Professor Phelps said, by the fact have been growing in recent years are
likely. to be sold at high, war-time Will Address Seminar
prices (during the first -war-month
Buenos Aires lowgrade wool prices Fred Johnson of the Detroit Com-
rose to 80 to 100 per cent), and the . munity Fund Committee will speak
allies will be able to purchase many on "What does the private agency do
products.
The triangular trade, involving the for children?" at 10 a.m. Tuesday in
United States, England rand the the Perry Center at Perry School be-
South American countries, will un- fore members of the Social Service
doubtedly increase, Professor Phelps Seminar.
said. The allies will import foods At present Vice-Chairman of the
and raw materials from South Ameri-
ca, paying for them with the large Budget Committee of the Detroit
cash reserves they have in America, Community Fund, Johnson served
he explained. These cash reserves, as the first relief administrator of
Professor Phelps continued, will be Michigan during 1933 and 1934. He
used in turn to pay for machinery i loa'ebro yrSaeCr
and finished products which we w is also a member of th State Cor-
export to South America. rections Commission.
Thus it seems that the temporary The Social Service Seminar spon-
dislocations of South American busi- sored by the Ann Arbor Community
ness will be adjusted, and that the old Fund and privately financed, rep-
problem of overproduction will be resents a group of laymen organized
solved for the South American na- to study the current needs and prob-
tions, Professor Phelps concluded. lems of the community. Study is
Edmunds Is Given
IndianFellowship
Prof. Charles W. Edmunds, direc-
tor of materia medica and therapeu-
tics of the pharmacology department,
has been admitted as an Honorary
Fellow of the Institute of Sciences of
India, President B. Mukerji of the
Institute announced after the last
annual appointments to the society.
The National Institute is acknowl-
edged to be the most influential
scientific organization in India. The
Honorary Fellowships are offeredl
once a year to two or three outstand-
ing foreign scientists who have made
significant contribution to the cause
of science. Sir Arthur HI Hill, direc-
tor of the Imperial Botanical Gar-
dens at Kew, England, is the other re-
cipient of the honor this year.
conducted through lectures, discus-
sion and trips for inspection and
demonstration. The project issues
from the inspiration of a similar and
successful project in Detroit started
by Mrs. Murphy.
FOUNDATION CREAM
by
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STRAYED, LOST, FOUND - 1
LOST-One Elgin wrist watch on
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LOST-Somewhere in campus dis-
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LAUNDERING-9
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No markings. Silks, wools our
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FOR RENT--5
E. UNIVERSITY-Large lovely double
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TO LET-Riding horse for winter-
to be used by one or two riders.
Phone 7265. 17
ARTICLES FOR SALE -- 3
FOR SALE-Furniture of three room
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FOR SALE-Hercules English-made
bike, like new. Phone 7522 or write
box 18. 24
MISCELLANEOUS -20
EXCELLENT MEALS for girls. Table
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Weekly rates only. 17
GIRLS-Mrs. Gilbert, 12 years with
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John St. Evening appointments
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TRANSPORTATION -21
WASHED SAND AND GRAVEL -
Driveway gravel, washed pebbles.
Killins Gravel Company. Phone
7112. 13
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The Grapes of Wrath;
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Let the Record Speak;
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According to French sources, Germany has massed sufficient tanks
and heavy artillery to launch a large scale western front offensive at
any moment. German strength along the western front was estimated
at two million men. Arrows indicate areas of concentration of troops
and artillery.,
I
"Foremost in Friendliness"
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