Diario las Américas Newspaper, February 11, 1958, Page 12

i ‘i ‘ , { Inter - American News for English - Speaking people SS 5th YEAR @ 4 SAN ROMAN President FRANCISCO AGUIRRE fee President and Publisher Antonio Ruiz Managine Rditor cw . ITH Vice President SM 8. SMITH Vice President HORACIO AGUIRRE Vice resident Editor and Manager era-Gomez Cire Mer Eliseo Ri Advt & @ublishea daily except Monday — Entered as second class matter ut the Post Office of Wiamt Springs fla EDITORIAL oo February & 1950 CIVIC ORGANIZATION AND POLITICAL PROBLEMS _ SL Nn Anything tending to consolidate civic concepts in the conscience of the people, must be strongly promoted by all those who are interested, in good faith, in the achieve- ment of greater poltical maturity and progress in a country. In the face of political problems of a country, the resources of civic efforts, in particular in modern life, are of extraordinary importance, in the sense of channeling national affairs through the paths of well understood order and dignified peace. Order and peace which are compa- tible, of course, with the decorum of the citizens and the dignity of the Republic. When the people have to face a powerful Government, whose conduct does not respond to national interests and to the fundamental feelings of the citizens, their civie pride and discipline are, perhaps, the strongest weapon at their disposal to force those who violate the law, no matter what their material power may be, to rectify and to act in ac- cordance with national convenience and dignity. Some years ago, when the armies at the disposal of Governments were not as well organized as they are now, and did not have so many technical resources nor such an effective war equipment, the Latin American peoples were more or less used to engage in revolutions with bet- ter possibilities of victory, and on many occasions they succeeded in re-establishing democracy, when it was violated by those in the Government. But in modern times, that type of struggle for freedom is under different con- ditions, because of the great difficulties the people have in facing the powerful armies of strong-arm regimes. On the other hand, the people having civic discipline, those who are conscious of their rights and obligations, when a number of factors propitious for action coincide, are capable of making their sovereign national rights prevail, forcing those in Government to rectify their errors or to abandon power. The armies themselves, when they see the people stand up in defense of their rights with a sense of responsibility, become neutral in the struggle, and in many cases join the cause of the people. The task of promoting well- understood civie virtues, within which there is no room for anarchical concepts, of destructive type, nor those hostile to sober thinking and national co-existence, should be a hard but generous task for all those who are sincerelv interested in the moral, political and material progress of our Republics. . 2s Latin Ameri oe oe can Firance and Trade News Reports FREIGHT RATES FOR PERUVIAN MINERALS DISCUSSED IN LIMA LIMA. (UP). — President of Grace Line, Lewis Lapman, visiting here since Friday for five days, held a meeting with the Mining Peruvian Society members. The meeting was about freight rates on Peruvian minerals, which are showing a reduction in foreign) markets. Lapman said the Grace Line will continue its practice of helping Peruvian mining, as he unders- tands it is vital to Peruvian in- dustry in general also, with re- gard to low cost freight charges within the permitted limits. Lapman has already met the Pre- sident, Dr. Manuel Prado, and also with the President of the Direc- tory of the Peruvian Steamship Corporation, Carlos Ferreyros Ri- beoro, He also met the Press, reveal- ing his company intends to invest $300,000,000 in the next twelve years in a program tending to im- prove freight and passengers mo- vement between United States and South America, FILM ON MEXICAN MARKET RELEASED WASHINGTON — A new film called “Marketing in México” has been released, The film describes the Mexican market, its character, and the selling and promotional methods used by companies operat- ing in that country. Producer of the film is Profes- sor John Fayerweather, of the Harvard Business School. His pur- pose in developing the film was to convey to businessmen and stud- ents in this country a realistic pic- ture of marketing conditions abroad, In planning the scenes and narration, Professor Fayerweather has drawn on a wide experience in México gained during three ex- tended visits to that country. The film besins with a a descrip- tion of the buying characteristics of the various economic groups, covering aspects of Mexican pur- chasing psychology and practices, Mexican distribution channels, and a discussion of advertising and poomotion methods. The problem of how to convert the lower eco- nomie groups into buyers is also reviewed, Although México was used as the not limited to that country, Rath- er, it was designed to provide a tangible illustration of the pro- blems of marketing in relatively undeveloped areas and the market- ing methods which may be em- ployed to overcome the problems. The film is in color with sound, and of 20-minutes duration, Professor Fayerweather expects to release shortly a second film, “Modern México,” covering the general economic, political and so- cial life of México. Both films will be available for purchase or rental. Write to Prof. John Fayerweather, Baker Library, Room 112, Soldiers Field, Boston 63, Mass, LA. TRADE WITH WEST GERMNY UP WASHINGTON — West Ger- many has recovered a substantial share of her traditional foothold in the Latin American market, and now stands second’ only to the United States in trade with Latin America. In 1956, the Federal Ger- man Republic bought $767 mil- lion of Latin American products and exported goods worth $573 million to the area. The West German industrial boom has increased the demand for Latin American raw materials. In 1956, exports of raw materials from Latin American countries to the subject, the purpose of the film is Federal, Republic reached a total of $219 million, more than double the 1952 level. Leading the list were textile fibers, metal ores and scrap and semi-processed metals. In turn, West Germany exported goods for a total of $573 million to Latin America, Almost one-half of imports from Germany were machinery and vehicles, electrical equipment, chemicals, medicines and pharmaceuticals. México and the major countries of South America accounted for close to four-fifths of West German trade with Latin America in 1956. Argentina headed the list last year with exports of $146 million and imports of $99 million. Exports increased 46 per cent in the years 1951-56, and imports rose 20 per cent. Brazil came next, selling Ger- many $115 million and importing $78 million in 1956. While ex- ports showed a 54 per eent gain in 1951-56 imports were down due to the bad economic situation in Brazil, which caused her to cut im- BUENOS AIRES, Feb. 10. (UP) Dr. Rodolfo Corominas Segura, re- presentative- of Argentine, Chile, Bolivia, Ecuador, Paraguay and | Uruguay before the International Monetary Fund, declared that the sending of an Argentine govern- ment missioa to the comunist coun- Know thy Neighbor By ANTONIO RUIZ BRAZIL. — From 1750 to 1777, Portuguese colonial affairs were under the direction of the Marquis of Pombai, whose enlightened poli- cies and intelligent promotion of | the economic and commercial wel- fare of the colonies and the em- pire earned for him the title of “The Great Marquis.” Local gov- ernors, however far from the sup- ervision of Crown: officials, were often oppressive and local resent- ment in Brazil reached a high pitch This situation, combined with a sharp feeling of nationalism that had developed curing the previous century and half, fostered a grow- ing desire for independence. in Brazil. The first movement for inde- pendence came in 1789 at Ouro Preto, then cavital of Minas Ge- rais, The leade of the movement was an enthusiastic idealist, Joa- quim José da Silva Xavier, better known by his nickname of “Tira- dentes’ (tooth puller), because of his occasional practice of dentistry He and the other members of the} movement were finally betrayed, jailed, and eventually executed. Ti- radentes’ name became a symbol of Brazilian independence. In 1808, Prince Regent Joao VI moved his family and court to Brazil, after Napoleon had declar- ed war on Portugal for refusing to participate in the continental blockade against England, Estab- lishing himself in Rio de Janeiro, | amid enthusiastic acclaim of the} colonists, Dom Joao instituted ma-! ny reforms of great benefit to the; country, He was a reign of commercial, scientific, artistic, and literary awakening for the country. In 1815, Portugai was freed from French domination, and Brazil was declared Kingdom under the Port- uguese Monarch. The next year, on the death of his mother, Queen Maria, Dom Joao became King Joao VI. His autocratic temperament had at tires made him unpopular, and when, in 1820, he dissolved the | Constitutional Convention, he be-| came even more unpopular, That same year a liberal outbreak in Portugal led to a demand that) Brazil be deprived of her status of| co-equality and returned to col- onial status; also that the King re- turn to Portugal or lose the Crown, Rather than lose the Crown, he re- turned to Portugal in 1821, leaving his son, Dom Pedro, to govern Brazil as a Regent. Ignoring orders from Portugal to return, young Dum Pedro, on Sept- ember 7, 1822. declared Brazil's independence from the mother country with the famous “Grito de Ipiranga,” and was proclaimed The new regime was inaugurated without violence or bloodshed, and with the greatest of popular en- thusiasm. Brazil was the only Ame- rican nation to retain a’ monarchic- al form of government during its formative years as an independent country. José Bonifacio d’Andrada e Sil- va, distinguished scientist and man of letters, was made Minister of the Interior and Foreign Affairs in Dom Pedro’s cabinet. He con- tributed greatly to the consolida- tion of the new empire and is lov- ingly called the “Patriarch of In- dependence” by Brazilians. The new nation was not to pro- ceed smolthly. In 1822, Dom Pe- dro dissolved the Constitutional Assembly, which appeared about to adopt a liberal and almost. re- publican constitution, with the Em- peror as titular head. Sentiment for freedom in the country was not greatly mollified by the pro- clamation by the Emperor in 1824 of a liberal constitution he had drafted. This constitution, with am- mendments, was the one under which Brazil was governed until the proclamation of the Republic in 1889, Liberal opposition was further strengthened by the loss in 1828 of the Cisplatina Pro- vince, now Republic of Uruguay, Finally, in 1831. Dom Pedro, worn out and disheartened, abdicated in favor of his five-year old son, Dom Pedro II, with José Bonifacio d’ ports from all countries of th worldy f | Andrada as Regent. Spanish Version Page 3 constitutional Emperor of Brazil. | For a better understanding between the Americas MIAMI SPRINGS, FLA,, TUESDAY, FEBRUARY 11, 1958 Argentina's Mission to Red Nations has Caused Concern, Corominas Says tries had caused corcern in the United States. “The position assumed by the nations in the present time in the international affairs is fundamen- tal he added. The Argentine soli- darity must be clear and precise before the nations struggling for the defense of living standards and western culture”. Corominas Segura, in first place said: “The Nations forming the Fund, make a yearly stduy toge- ther with the officers of the Ins- titution, of the money exchange in force as well as of the efforts rea- lized to simplify it. They estima- te the balance of payments, the result of the credits attained, as well as the fiscalization adopted in each one of them, It is worthy of mention the various factors responsible to maintain the eco- nomic stability and their perma- nente fight against inflation’. Asked about possible credits re- quests by Argentina, he answer- ed that “in the International mone- tary Fund there is not any pend- ing request of new credits, nor at the World Bank”. Referring to the oil plan of the Argentine Ambassador in Wash-} ington, Mauricio Yadarola, he said it has been “faborably” accepted, in U.S. economic circles, although) details are not known. Yadarola’s plan, in general, pro- poses contracting with foreign) companies to drill and exploit the} oil for the account of Argentine Government, who will pay them with part of the oil obtained. Corominas announced he will see the Finance Minister to talk about the terms of the credit of 75 million dollars granted to Ar- gentine by the International Ins- titution. After that he will go to} Uruguay, Paraguay and Chile and| will return to Buenos Aires around | the 15th. Further referring to his opinion of the Argentine mission to the comunist countries, Corominas Se- gura affirmed: “Those missions! must be prepared, informing pu- blic opinion of the content and sig-| nificance of same, as well as the information with regard to their| activities must be precise and} adjusted to abosulte truth, in or- der to avoid contradictions which} tend to affect of the people and} their government’s reputation. Fvery move by Argentine has an extraordinary repercussion in La- tin América”. REINVEST IN MEXICO U. S. CITIZEN ADVISES MEXICO CITY. (UP)—A United States industrialist has called on his American colleagues with in- vestments in Mexico to reinvest their profits here in order to con- tribute more fully to the country’s economic expansion, M. A. Gasque, General Manager | of the Fairbanks Morse Co. of Mexico, now holding its national convention here, said this policy of reinvestment would in the long run produce more profits to the investors. Gasque said that of the Com- pany’s 285 workers all are Mexicans | predicted that within ten years all of the parts needed for Fairbanks Machinery and equipment will be manufactured in Mexico. Loeb Defends the Sale of Hersheys Interest in Cuba NEW YORK, Feb. 10 (UP), — John L. Loeb, hairman of the Board of the uban-Atlantic Su- gar Company has answered a pro test made hy two members of the Board against the sale of the Her- shey sugar properties in Cuba by the Cuban Atlantic. He said: “Two former directors of the uban-Atlantic sugar have the projected liquidation of that company and the sale of its sugar refining subsidiaries known as the Hershey-Cuban. Enterprises. The management believes that the pro- posed transactions are highly ad- vantageous to the stockholders of the company and are completely in conformity with the law. “The published criticisms are unfounded. The entrie transaction is subject to the approval of two- thirds of the stockholders at jexcept two U. S. technicians. He | made! statements to the press criticizing | Argentina fo Buy More From Red Countries Trade Mission Goes to Hungary, Romania VIENNA, Feb. 10. (UP). — gentina intends to buy industrial products from Communist Hunga- ry and Romania, Argentine deputy Minister of Trade Raoul Ondarts told United Press today. An Argentinian trade mission headed by Ondarts arrived on Bu- dapest by rail today and was re- ceived at the railroad station by Jenoe Baczonyi, Hungarian Deputy Minister of Foreign Trade. The chief of the Argentine de- legation told United Press by phone that he already had preli- minary talks with the Hungarian trade officials this morning. Argentina is especially interest- ed in buying telephone equipment, engines, medical equipment, steel plates and oil pipe from Hungary, Ondarts said. The delegation will travel to Bucharest tomorrow to hold pre- liminary talks with Romanian of- ficials, he added. Argentina wants to buy equip- ment for the oil industry and bauxite from Romania, but no agreement will be signed yet, he continued. Last saturday the Argentine de-! legation signed a 16,000,000 do-) Mars agreement with Czechoslova- kia in Prague to cover Czech debts in Argentina. “T hope to be able to return to Prague later this month to sign a further agreement there,” On- darts said. He said that part of the ten man delegation had remained in Pra- gue, to carry out talks concerning the purchase of 10,000 tons of) Argentine meat by Czechoslova- kia. Ondarts also said that talks will be held in Buenos Aires shortly on the question of building of a 2 million dollars oil refinery pro- ject there by a Czech firm. OAS Agronomist Finds Coffee Bloom Formula WASHINGTON (UP)—_ Pan American Union informed that an agricultural engineer employed by the Organization of American States (OAS) has discovered a method to regulate blooming of coffee trees which is responsible for a better crop. The new method consists in spraying with a special solution the buds of the bushes. This solu- tion makes the bushes bloom nine days after the spray. tThis causes the beans to the coffee to tipe and saves the work of harvesting in different days, as they get ripe, which is expensive for the farm- ers. The coffee technicians believe this new method will reduce the production costs in many places, specially if the solution can be prepared at a reasonable cost. Paulo de T. Alvin, is the invent- or of this new method. He is a specialist in plants of the Inter American Institute of Agriculural New Appointments for Venezuelan Foreign Service CARACAS, Venezuela, Feb. 10— has published a new list of For- The Foreign Relations Ministry published today a new list of For- eign Service appointments, as follows: Andrés Paul, Counselor, Rio de Janeiro; Otto de Sola, Counselor, Paris; General Hugo Fuentes, Mi- litary Attaché, Washington; Colo- nel Hector Vivas Castro, Military Attaché, Buenos Aires; Colonel Humberto Vivas Gonzélez, Milita- ty Attaché, Bogota; Colonel César Augusto Rojas Bello, Military At- taché, México; Colonel Pedro E, Osorio Belisario, Military Attaché, Rio de Janeiro; Colonel José Luis Betancourt, Military Attaché, San- tiago; Colonel Nicolas Aldana, Air Attaché, Bogot&é; Colonel José Mendoza, Military Attaché, Hava- na; Colonel Federico Eloy Schael Urbano, Military Attaché, Mon- treal; Liutenant Colonel Leonardo Gémez Mufioz, Air Attaché, Lon- don; Alberto Delgado Ontiveros, Air Attaché, Washington, José So- sa Puccini, Consul General at Phi- ladelphia, and Alexis Naranjo Al- tuna, Consul at New Orleans. Graham Speaks to Seven Thousand in Costa Rica SAN JOSE, Costa Rica, Feb. 10. (UP). — Evangelist Billy Graham spoke to an undemonstrative | erowd of 7,000 persons at a rally in the local baseball stadium last night during his present “Carib- bean Crusade”. The North Carolina preacher spoke from an improvised wooden platform covered by a_ canvas canopy. A background of music was provided by a grand piano which played hymns at intervals. Graham spoke in English, but was paced sentence by sentence by a Spanish translator. At the end of Graham’s sermon, about 400 persons gathered at the foot of the. platform, apparently ready to make their-“decisions for Christ.” But Graham asked them to be reseated momentarily. Then, while an assistant read a prayer in Spanish, Graham got into an automobile and left the stadium. The would-be declarers appeared THE AMERICAS DAILY MEN IN UNIFORM HAVANA, Cuba. (UP).—Police took emergency steps today to cope with a new flareup of terror- ism in Cuba. The move came in the wake of a surge of violence Sunday in | which at least five persons were killed and six wounded in wide- spread clashes between revolution- ary forces and police. Brig. Gen. Hernando Hern4n- dez, Havana police chief, sum- moned his top aides to an emerg- ency meeting to discuss assas- sination attempts directed against at least three men in uniform in the past 24 hours. These attacks brought to an es- timated 16 the number of direct assaults on members of law bod: ies within a week. Meanwhile, President Fulgencio Batista warned that “the forces of law and order have been proyok- ed” and “are ready to exercise their authority according to cir- cumstances”. The President also said that “nothing will prevent next June’s general elections from being held.” He added that the Government and the people will “not let themselves be intimidated” by the use of terrorism as a political weapon em- ployed by certain opposition ele- ments. Batista specifically named ex- President Carlos Prio Socarraés and “his friends” among those ele- ments. POLICEMAN, CIVILLIAN KILLED INSIDE BUS HAVANA, Feb. 10 —Special to THE AMERICAS DAILY)— A po- liceman and a civilian were kil- led, and a second policeman wounded in a terrorist attempt inside a city bus. Another police- man and a soldier were wounded in another act of violence in Ha- vana, It was reported that five passen- gers in the bus suddely started fir- ing shots against the policeman, Pablo Muques Herndndez, a mem- ber of the Bureau of Investiga- tion, who was in civilian clothes. Although wounded, he fired aga- inst the aggressors, and was help- ed by policeman Antonio Fajar- do, who was on duty in the place of the attack. Killed in the shooting were Fa- jardo and a civilian passenger of the bus, who was identified as Antonio Jardin. All passengers to be a little confused. and the driver of the bus quickly - Member Inter American Press Association e For Liberty, Culture and Hemispheric Solidarity NUMERO 185 Emergency Measures Taken by Cuban Police as Rebel Terrorist Acts Increase ASSASSINATION ATTEMPTS AGAINST WORRY OFFICIALS abandoned it Two of the five as- sailants were wounded, it was re- ported. One of them was taken to the Municipal Hospital. He is Rigoberto Morales Rodriguez, and was identified by a soldier, Jorge Armando Jduregui, as one of those who left the bus with a pis: tol in his hand. Mario Gil Gonzé- lez was wounded in the chest. The police announced that they have identified: those who have at- tacked officers during the last few days as Mario Gil Gonzélez, Rigo- berto Morales Rodriguez, a man named Castro and another one known as “El Curita”. | BRAZIL HONORS RUBEN DARIO RIO DE JANEIRO, Feb. 10. — (UP). — Two Briasilian ex-Presi- dents, Eurico Gaspar Dutra and Neureu Ramos, and President of the Brasilian Academy of Letters and newspaperman Elmano Car- dim, were present among the big crowd in the homage, rendered in Brasilian University to the Nica- Taguan poet Rubén Dario. The Ambassador of that coun- try, Justino Sanson Balladares, who spoke about the life and | works of the poet, said he was for |Spanish Literature, what Dante, Shakespeare and Victor Hugo were for Italian, English and French literature. He said Dario was the greatest poet of Spanish Literature, leav- ing and indelible trail in all his | poetry, as founder of the moder: |nist movement of 1920 decade. | Speaking of his own country, said the ex-President Anastasio So- moza was always a great admirer of Dario, and that he transmitted that admiration to his son, now President, -Luis A. Somoza. He added his Government has pres- ented more than ten South Ame- rican countries with statues of Da- rio, After the Nicaraguan Diplomat finished, Paraguayan poet Justo Pastor Benitez took the floor, “cal- ting Dario one of the greatest men in Latin America”. Cardim closed the act, speaking of the friend- |ship joining the Hispano-Ameri- can intellectuals with the Brasi- llians, During 1957, our capital goods sales to Latin America, informs Marion A, Leoaard, Manager, Mia- mi Field Office, U. S. Department of Commerce, underwent an even more outstanding expansion than Science of Pert. HEMISPHERIC EVENTS | Latin American News in Brief details will be presented to the ‘ stockholders in the proxy state- | ment which has been filed with the securities and exchange com- mission and which will be mailed to all stockholders shortly. Since the proxies can be solicited by the management only after distribu- | tion of the proxy statement, I do | not feel able to comment further.” PANAMANIAN PAINTER EXHIBITS IN NEW YORK NEW YORK — The Galeria Sudamericana will present the se- cond one-man show by the Pana- manian painter Eudoro Silvera. The exhibition will be open Feb- ruary 10th to March Ist. Silvera | had his fitst exhibition in New York in 1947, Since then there have been several other one-man shows in Panama and at the Pan American Union in Washington, in 1955. Born in Panamé in 1917, Silvera studied at the Escuela Nacional de meeting to be held March 4. Full, in 1956. (1957) at Sao Paulo, Brazil, one of the few major international art exhibitions. AERONAVES DE MEXICO TO PURCHASE PAN AM STOCK WASHINGTON — Aeronaves de México, § A. recently concluded an agreement with Pan American Airways for the purchase of that company’s stock interest. This will make Aeronaves 100 per cent Me- xican-owned, SUGAR PRODUCTION IN CUBA CURTAILED WASHINGTON — The Prime Minister of Cuba has stated that the 1957-58 sugar crop will be of- ficially limited to 5.5. million long tons. Sugar producers had mention- ed the possibility of aa production beiween 6.2 million and 6.5 mil- lion tons, but the Government de- cided on not more than 5.5. mil- lion tons in an attempt to avoid the creation of a large surplus which could adversely affect world Bellas Artes in Panamé and, start- ing in 1942, for several years at the Cooper Union, in New York, The painter was awarded na honor- a able mention in the IV Biennial sugar prices, CUBA RAILROAD COMPANY FILES RECAPITALIZATION PLAN _. WASHINGTON -- The Cuban In contrast to our overall ex- ports to other parts of the world, which began to taper off near the middle of 1957 the high rate of total United States exports to Lat- in America was well maintained beyond that period. During the Consolidated Railroads of Cuba, h filed details of a proposed recapit- alization plan for its 6 per cent non-cumulative preferred stock in Superior Court of New Jersey. The plan is to be submitted to stock- hoiders after approval by the Court. There are 100,000 shares of teh stock outstanding. No dividends have been paid on it since 1932. Under the plan, holders of the 6 per cent preferred stocl would receive for each share 150 pesos principal amount of 4 per cent cumulative income debenture due October 1 2000, plus 3 pesos in cash, less Cuban witholding tax. The'Cuban peso is the equivalent of the U.S, dollar. Interest payments on the de- bentures would be obligatory dur- ing the first two years, under the plan. Afterwards, payments would be contingent on earnings. Should Cuba Railroad Co. merge with its parent, Consolidated Rail- roads of Cuba, payment of 2 per cent of the interest on the deben- tures would become a fixed obliga- Exports of Capital Goods to Latin America Experienced ‘Boom’ in 1957 first half of 1957 imports from Lat- in America ha: advanced only no- minally as compared with a year ago, while during July-September 1957 such purchases were even somewhat lowe: than in the same months of 1956 Hence Latin Ame- rica’s trade deficit with the United States has mounted to an annual rate of over $1.1. billion in the second and thiré quarters of 1957, Recent economic developments in individual countries underscore the problems which may confront some of our top Latin American customers in attempting to main- tain or to increase further their imports from the United States. Although Venezuela’s international reserves reached a new peak at the end of September 1957, the troleum output in recent months, dules called for by the Suez emer- gency, may dampen, at least tem- partial cutback in Venezuelan pe from the record production sche- porarily, the upswing in United States exports to that country. During the first eleven months of 1957 our total shipments to Vene- zuela had risen by almost 60 per cent as compared with the corres- ponding period of 1956 to an an- nual rate of over 1 billion, Brazil’s rising purchases of capit- al equipment had boosted its total imports from the United States by 60 per cent in January-Novem- ber 1957, as compared with the same eleven months a year earlier. Although in recent months Brazil- ian economic prospects have im- proved somewhat as cocoa prices strengthened and the coffee mar- ket recovered from its easkness earlier in the season, Brazil’s dol- lar supply remained very tight be cause of other large dollar obliga- tion and payment of the remain- ing 2 per cent contingent upon Railroad Company, a subsidiary of earnings, the company said. tions and the higher imports from, ree lower exports to, the United ites. ie