Oil field talks push to lift embargo on Mexican exports
An imminent movement of petroleum from Tampico is planned as talks between Mexican authorities and four major American oil companies progress toward lifting the embargo. The agreement, supported by President Obregon, aims to regulate export duties and taxes, with payments due by December 21, and a broad settlement on ongoing oil operations and investments.
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German competition in South America eases slowly
A foreign trade bulletin notes German competition in South America remains strong but loosening. Reports from Buenos Aires Lima Valparaiso Mexico City and other capitals cite political instability financial strain and ongoing effects of exchange rates on Argentina Chile Peru and Mexico. The period shows partial improvement in Chile and cautious declines in German export advantages while Mexican production drops and unemployment rises amid transport and finance pressures.
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Exports to Europe Show Vast Decrease in Federal Report
Federal report notes a steep drop in exports to Europe. The data cover 61 years of trade and contrast current values with earlier levels. The summary highlights reduced shipments to European countries and shifts in global demand affecting American exports.
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