New-York tribune., 1921-11-28
British Trade
Continues 10
Show Increase
Large Department Stores
Report Increased Demand
tor Goods; Overseas Ruv-
ers Using Large Funds
Zig Foreign Credit Raised
conference on Cancellation
OF Debts Believed 70 BE
Considered for Future
S~o'n rae rssanne's European Barsau

Fro'n Tec Tstoune's European Bursau
Copyright. 1921. New York Tribune rno.
LONDON, Nov. oT.-Improvemcnt In
trade conditions continued this week.
according TO the most conservative es-
inmates OF financial editors. bankers
and merchants. This Improvement an
pears to be general, the larger depart
ment stores reporting an increased de-
mand for goods, while the 500 900 600
raised recently for foreign borrowers
has already resulted in an increase in
overseas trade
During the week there was large
contraction in currency and note circu-
/ iatlon, which reflects the decrease in
the countrys weekly wage bin.
! Several Cabinet ministers have taken
the opportunity to discuss the question
CT debt cancellation and German repara-
tions? Birkenhead, whose POLITICAL in
tiuence is increasing so rapidly he is
almost certain to become the leader OF
the Conservative party, declared that
Great Britain's future depended largely
upon the degree of cooperation with
the United States, and that one of the
most important subjects for early con-
sideration was the matter Of war debts.
Sir Robert Horne has announced
! that Germany expected to meet the next
reparations payment, but he also made
the significant statement that if Ger
many is to receive future concessions
she must tax her people harder and
Cease printing marks. Winston Spen-
Ger Churchill, Austen Chamberlain and
Premier Lloyd CEorge also have re-
ferred to questions of debt cancellation
and reparations in speeches in the last
few weeks.
These official utterances are ap-
parently paving the way for confer
ence which Will include all the late
belligerents and will rank in Importance
second only to the Washington and
Paris conferences.
Hugo SHINES. the so-called financial
kaiser" of Germany, has returned to
| Berlin after a busy week in London,
and although he did not meet Premier
Lloyd George there is no doubt the
government was fully informed re-
garding the German capitalists mis-
sion
Apparently Herr SHINES discussed
questions ranging from reparations to
coal, ships and Russian trade, but there
is ground for venturing the guess that
/ SHINES had a sympathetic hearing of
his plans for an Anglo German trading
combination with Russia.
There are two obvious reasons why
such plan would receive favorable
consideration here. Politically it
would form guarantee against a fu-
ture union between Germany and Rus
sia against Britain, and economically
it would make for reduction of unem-
ployment in this country.
Further light on these negotiations
is expected soon, because Of the air OF
secrecy calculated to arouse suspicion
which would injure both She German
and British governments. For the mo
ment excitement over the prospect Of
general elections has subsidized. but i
is bound to rise again, for the Irish
negotiations are still far from finished
The general public remains firmly con
vinced that a settlement will bt
reached eventually, and consequent,
it discounts heavily all reports Of po
litical crises arising out of the nego
tiations.