Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-01-15

would seem to point to the possible
purchase of the controlling interest in
Loews by one of the other large COM
panies, Radio-Keith- Orpheum for in
stance. 1t has the backing of Radio
Corporation and could handle such a
situation.
Possibly the stumbling point in the
situation has been the reluctance Of
Mr.. Fox to sell Loew's at less than
the figure he paid. But market prices
have dropped much lower since that
time. If he does sell it at a lower
figure it doubtless will show on the
balance sheet.
The keener competition in Europe
has had no adverse effect on the Amer
lean companies. Their European busl-
ness continues to expand.
Sidney Kent, aggressive general man
ager of Paramount, Is now in Europe
surveying the field.
The talking picture has brought new
life into the industry. This years de-
velopment should be in color, depth and
width of screen.
Naturally. every big picture company
is anxious to have the situation cleared
up so that it may go ahead with its
normal expansion programs.
American automobiles do not have
world monopoly such as American
motion pictures enjoy.
In. France for exchange. where the
French manufacturers attempted to put
up a new schedule on foreign motors
and parts, carrying rates as high as 80
per cent ad valorem, only one-Seventh
of the total cars sold in that country
are American.
The French position more closely re-
sembles that Of the United States than
any other European country. The
French are Nationalist. and believe in
protecting home industry even at the
expense of mourning the displeasure Of
other countries.
The Wall Street Journal puts it this
way: at Is extremely unkind of the
French to put up in the position of
on the ground that they resemble too
closely some of our own sheduleS ap-
plicable to commodities produced in
France"
With the quick oversubscription of the
$3.50, 0000 900 5 per cent 35-year bonds
Of the American Telephone & Tele-
graph Co. yesterday, other big issues
are now expected to be put on the mar
ket rapidly
The Erie r. r. as we'll as the Chesa-
peake 81 Ohio will soon place large
bond issues. Several other railroads are
contemplating the same procedure.
The Columbia Gas 81 Electric Co. is
understood to be making arrangements
for the issuance of bonds in order to
finance the construction of pipe lines
through the South, particularly in Viz
ginia.
1t is expected that the Chesapeake g.
Ohio will offer $35,000000 Az per
cent refunding issue some time next
week on a basis to yield $4.75.
AS soon as the Young plan has been
finally accepted the American people
will be offered many foreign bond
issues. These, however, will not be Of
fered until after the initial appearance
of the reparation bonds, which should
be made within 60 days.
The warm reception of the. big teie-
phone issue this week has given heart
demand for these bonds that they reg
istered gain of l Z points in the days
sales.
r. H Sisson OF the Guaranty Trust
Co. of New York, optimistic concerning
the business future. says the automo-
bile, radio and airplane industries are
unfavcTable factors at present, as are
coal and oil in the raw material field.
Unemployment too, has increased from
$50, 900 to between 100000 and 3,o00,-
900 men, while trade, on the whole, has
fallen 10 to 1871 per cent
On the favorable side this New York
banker lists especially "a very sound
banking and credit situation
Perhaps the most reassuring factor. "
says Mr.. Sisson, "is that nearly $780,
600, 900 more buying power will exist in
the agricultural districts this year than
last year and agriculture constitutes so
per cent of the Nations business"
Ultimately, agriculture must be
brought up to the level of industry.
Business men have been slow to recog-
nize this fact.
Copyright, 1880, by the North American
Newspaper Alliance)