As Good As 1929?

Private U.S. foreign traders in 1943 exported $2.5 billion of goods, imported more than $2 billion worth -- mostly to & from Latin America and Canada. This, despite mountains of red tape, war-gutted markets, last year's shipping shortage and the monstrous competition of Lend-Lease, almost equaled the average of the nation's foreign trade during the 1930-40 decade.

Last week in Manhattan almost 2,000 exporters and importers heard Foreign Economic Administrator Leo T. Crowley promise that this year more of the titanic flow of overseas shipments now dominated by Lend-Lease and other economic warfare agencies will be diverted to private channels. And, added Crowley, in his first public declaration of policy since taking office last July, the dark suspicion that the Government is in foreign trade to stay is unwarranted. As quickly as the Government can step out, postwar world markets will be open to private trade. Traders began figuring that business in 1944 may be almost as good as in 1929.

*Controlled by Anaconda Copper, which owns 68% of the outstanding capital stock.

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