The Washington times., 1920-08-06
AWAIT SUBMISSION
TO PARLIAMENT
Market Factors Prefer to Hear
Lloyd George on Russo
Polish Question.
~ BOER sIkNER.

CHICAGO, Aug. 6.-Thoroughly re-
sponsible factors preferred 10 await
Lloyd Georges submission to PsrliA-
ment OF the British ministry's stti-
tude toward the Russo Polish ques-
tion. Meanwhile during banking
hours and the Bourse session. two
facts, and only two, were discernible
In the welter of excited and uncon-
hrmed tidings from abroad: The
Polish government agrees to meet
representatives OF Russia at Minsk:
Lord Grey put himself on record In
the assertion that ito invoke the
League OF Nations now 10 support
Poland by arms against the conse-
quences OF her action II not merely
illogical; IL II in fact a real misuse
OF the league"
SOME WRECKS EXPECTED.
individual wrecks on the stock ex-
change roster are to lie expected with
increasing frequency. Not alone are
there aleatory pools OF decidedly
precsrious stability; certain COM
panies themselves have INDUCED In
financing which puzzles the onlooser.
but Is not absolutely baffling to a
stock exchange habitue. When a
board OF directors vote to accept
100000 for a sI.000.000 per cent
note issue and uses the proceeds TO
retire part of it's 7 per cent preferred
stock, what Is the inevitable inter-
ference? Manifestly the directors
have an eye To the stock exchange.
WATCHING STERLING.
To the many who were looking 10
sterling exchange for political guild
ance the advance in English pounds
was confusing. There is likely to bo
continuation of this confusion un-
less the watchers forget Poland and
pay small attention to British treas
ury affairs.
England and the English are de-
termined to be constructive (for Eng
land), though Russia menaces and
British colonies are troublesome ana
burdensome. On the one hand the
English are investing freely in Ger
man enterprises, despite the personal
feeling among German bank officials
and stock holders. To date approNi-
mately $3.50. .OOO.0OO has been loaned
directly and indirectly--to the Ger
mans since the .armisticc. and tho
sum swells monthly.
DOWNING STREET CONCERNED.
Upon the other hand. the expense
Of keeping military forces in Mesopo-
tamia, India. Egypt and Ireland -
enormous; burden on taxpayers
and a drain on the government ex-
cheouer. Furthermore the Anglo
French loan Is provoking concern in
Downing street. Assurances from
Paris that enough American bills had
been brought to meet Frances part
of the 5000. 100000 obligation are to
be taken with reservation. II France
does motor canpot-ply, England
must. for she was the mainstay bor-
. rover: her credit it was what IN
duced American investo to take the
bonds at what now looks like high
price Should France be compelled
to fiuke on this loan. London VIII De
busy exchanging sterling exchange
for American-with resultant un-
rorcable effect on the former.
POLISH REMJTTANCES DIFFICULT
English as we'll as American bank
ers have trouble in their remittance3
for clients to Warsaw and Polish
cities Collective relief moneys ana
personal consignments of funds from
Poles i'm England and in America TO
kinsfolk and friends In the new re-
public have not reached their uiti-
mate destinations promptly In many
instances a delay of six months has
| occurred. which has naturally aroused
protests from the remitters who have
| found that the blockade was in the
| Polish banks. Extreme annoyance
and bitter complaints have impelled
| two Chicago institutions to refuse TO
| undertake further remittances 10