ITALY: Trade Revival

The U. S. Department of Commerce reported a trade improvement in Italy. It was stated that " the usual Fall revival in trade has not yet taken place, but rising imports of raw materials indicate an increase in industrial activity over 1922. Railway traffic is increasing and the revival in building activity is maintained. Crops have proved larger than the preliminary estimates.

"Railway car loading in Italy has increased until it exceeds the pre-War average. The total freight tonnage from July, 1922, to May, 1923, amounted to 39,000,000 tons— an increase of...

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