FOREIGN TRADE: Come War, Come Peace

The most explosive European crisis in 25 years last week scrawled a big question mark over the future of U. S. business:

If Europe goes to war, U. S. industry, especially heavy industry, expected to be able to live briefly on exports, to sell its No. 1 customer, the United Kingdom, as much war material as her $3,499,000,000 gold reserve will buy (her 1938 purchases in the U. S.: $521,124,000). It expected to have another customer in France, with a $2,776,000,000 gold chest (1938 purchases in the U. S.: $133,835,000). If atop...

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