Evening star., 1922-12-19
OPINIONS DIFFER.
ON GERMAN LOAN
morgan's Present Refusal Is
Widely Discussed in Busi-
ness Circles.
SPECIAL Dispa.ch to The Star.

cpeV.eA bisphtch 10 IEe St4f.
NE" YORK. December i9-An-
nouncement by J. Morgan e. Co.
to the German ambassador that con.
s!deration OF a loan to Germany wa.
impossible pending settlement OF the
reparations question was received
with mixed feelings by certain bus.
ness men. Manufacturers. especiail'
makers OF textiles. expressed no great
disappointment. They make no bone.
Of the fact that they fear that al
American loan 10 Germany would
OF wool and cotton and caus" stiil
further advances in the prices Of
those raw materials.
A distinct world shortage exists -
wool and cotton supplies ard thi:
shortage is expected to grow more
Prices are already high. Heavy tor
eign buying would tend TO force theTl
still higher. Advances in the price,
OF raw material. manufacturers sa:,
prices for finished products. Maker.
IRE not anxious to shove UP prices
OF finished goods for fear of the effect
1t may have IN checking buying IN
the domestic markets.
View Believed General.
Grain and copper producers. MAJ
urally. would welcome foreign buy
ing because export business In each
Of those commodities marks the dif-
ference between an ordinary business
year and one of great prosperity.
The stand taken by Morgan s. Co. Is
believed taken by business men TO
represent the attitude of the big
financial houses of the country gem
orally.
Many expressed the opinion today
that the emphasis placed by that at
titude on the necessity for settling
reparations questions would be more
beneficial than a direct loan to Ger
many. In that the settlement Of thos"
questions would stabilize conditions
/ for Great Britain. France. Italy and
Belgium as we'll as for Germany.
+; However. the proposal for loan 70
Germany IN this country had not gone
far enough to have any material ef-
feet on prices In general and the
Morgan announcement was equal?
| lacking In effect in that respect.
Plenty OF Christmas Trees.
Christmas trees are in eNcellclt
supply In practically every section Of
the country and prices In most To-
calities are we'll under those OF last
year. The decorations for the tre'.
are far less expensive than they were
! in 1921 and 1920. Reductions amount
| Ing to SO per cent in prices haN.
been noted il sone OF these goods.
due largely to the heavy Importation.
! fror. Europe.
! Furniture manufacturers throuG.
out the middle and far west are ha'-
, ing extreme difficulty in securing
| skilled cabinet makers and otae:
i trained workmen. The furniture cor
! pa-ies in nearly eye-y instance Eas
Increased plant capacity to meet the
I treme ndous demand o. The year. bUt
have not been able 10 get enoLgi
, vorkmen TO run the increased pro.
; duction facilities at top speed. ias
! increase In the cost of iunlhe
! throughout the year has been Tenec;-
| ed In an advance OF abou; 10 per ct:l'
+; in furniture prices IN that period
Auto Business Rushing.
: For the firs, time In their historic.
/ automobile accessory manufactured
today are working on the same pro.
! duc,ion schedules as during ti,t
spring and summer. Speedomets:
; makers battery builders and oth.!
accessory manufacturers are main.
tanning their volume of sales. and re
surplus such as is usually buil. up 70
/ spring demand has yet been accumu-
F.: lated.
The price Of platinum has again ad-
yanced $40 ar ounce TO level OF Siis
| following heavy purchases by manu-.
! featuring jewelers..
An acute shortage ia forecast IL
! some quarters for vanilla beans, az
: the crop In France is only about one
| third OF normal. and the MeIica-
! supply is expected to be used UP De-
/ fore the new crop comes on the mar.
! set next June.