New Swap

New Swap El Salvador, a knot on the geological cord joining North and South America, is a one-crop country--coffee forming about 95% of her exports. Since 1935, with the coffee market glutted, she has disposed of her crop largely by barter with Germany, getting textiles, hardware in return. Last week the 13,173-sq. mi. nation, the size of New Jersey and Connecticut, decided she needed airplanes for training purposes, for ferrying army freight over her mountains and for remote control over rebel bands in the interior. There appeared to be no better way to get them than by a swap of her coffee. To Italy she agreed to send $200,000 worth of her $9,000,000 crop; Italy, in return, will ship four Caproni fighting planes worth $160,000 and $40,000 worth of parts. The deal was not motivated by the recent fiasco flight of Italian seaplanes to South America.

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