Business: Russian Trade

The recognition of the Soviet Government by the Labor Administration of Great Britain has been reflected in the U. S. by a revival of proposals for future trade with Russia. Hitherto Russia's purchases of American cotton have been made via Bremen through German middlemen. This made American goods more costly to Russia, and limited her credits here. Now the All-Russian Textile Syndicate, Inc. — a Manhattan agency of the All-Russian Textile Syndicate of Moscow—has been set up to deal directly with American exporters, and obtain credit directly from New York banks. In cotton this...

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