Evening star., 1925-09-26
|b|G FOREIGN LOANS |
ARE NOW PREDICTED
Bankers Awaiting French
Debt SettIement-RetaiI
Trade in Sharp Advance.
BY j. G. ROYLE.
Special Dispatch TO The Star.

SpoClA Dlep1tcn 10 Inc Star.
NEW YORK. September 26.-The
healthy condition of the business and
industrial situation was emphasized
today by the widespread interest in
the French debt negotiations. This
interest Is taken to mean that there
not only Is an abundance Of money In
the United States to care for domestic
and industrial needs, but for foreign
investment.
Any satisfactory plan Of settlement
with France, financiers here assert, is
certain to be followed by the placing
In America Of large foreign loans.
Ihis tendency was fully exemplified
In the credits arranged by Great Brit
ain following the English negotiations.
American capital undoubtedly will be
an essential factor In aiding European
nations to pay their old obligations.
That capital will be furnished through
bankers, but II must be furnished by
American investors.
II bankers and investors were not
confident of the stability OF business
conditions here they scarcely would
express Willingness to send their funds
far af1eld, since America Is her own
best market. That stability has been
shown this week by the growth Of
buying power, the high rate OF en-
ployment, the tremendous volume of
building construction, the manufac
turing output and the total Of retail
sales.
The drop in temperature recently
has given the added FLIP to retail
buying which 1t has lacked in recent
weeks. Buying for the holiday trade
by retailers already IL assuming large
proportions. The feature of the tex
tile markets. both wholesale and re-
tail, Is the popularity of the rayon
fabrics and the buying of spot cotton.
The Spring openings of tho American
Woolen Co. and other goods manufac-
turers emphasized the extent Of the
rayon mixture demand An addition
planned for n rayon plant in Buffalo
will cost $S.000.000 and give employ
ment to about 1000 workers.
Auto Plants Rushed.
The automobile plants are rushing
production, and distribution by deaf
ers is at high rate. This has aided
to improve the situation Of steel
makers and lead and zinc producers
although demand has not been sufi-
cient to hold copper to high levels or
cause many price fluctuations in other
metals. 1t is regarded as doubtful II
the leading aluminium interests will
change prices in view OF the recent
Trade Commission complaint.
The steel mills are maintaining ac-
tivity at about the same rate as last
week. The oil situation showed bet
terment only in scattered localities.
Production of bituminous coal Is
proceeding at an extraordinarily high
rate in some sections. The anthracite
situation is becoming more tense.
with operators placing special stress
on the necessity for arbitration as A
move toward a permanent settlement
rather than a pitched-up truce. Mine
workers officials are turning their
immediate attention toward increasing
the number of men on strike in the
West Virginia districts and toward
organizing those fields.
New orders for lumber are keeping
well ahead of both production and
shipments. Car loadings are main.
tanning a splendid pace, with ship.
ments Of fruit and vegetables a fea-
ture. The latter are expected to reach
total of 200, 900 carloads by Jan
uary !.
The speculative markets In corn and
wheat found low levels during the
week on heavy European and Can
adian harvests. But the fact was not
forgotten that the United States
wheat yield will be but little above
home consumption and that low
priced corn makes toward high profits
from hogs. The cotton market under
went the usual fluctuations incident
to recent publications Of Government
crop forecasts.
Copyright. 1s25)