Evening star., 1932-09-27
WORLD BUSINESS
REPORTED BETTER
Improvement Is Noted by
U. S. Commercial Attaches
Throughout Globe.


toward an early recovery Of business
conditions in various sections Of the
world was noted today by the Commerce
Department in composite report re-
ceived from its staff of commercial
attaches.
Some slight indications of recovery
begin to be discernible in Great Britain
France and Germany. the department
was advised. and the forward move
ment in late sessions of the respective
securities markets was aided by such
indications.
Henry c. Mclean, acting commercial
attache at Berlin, cabled the depart
ment that one Of the favorable elements
In the German situation is Improvement
in the position Of the Reichsbank.
Banks Holdings Increase.
He said that during August the banks
holdings CT gold and foreign exchange
increased by 81 1,000. 900 marks and call
deposits by 28,O0O.O00 marks. The gov
ernment's plan to stimulate business
according to this agent, and comba,
unemployment hiss had very favorable
reception in business circ'es. though II
has been severely criticized by the labor
unions. which fear both interference
with their authority and a lowering OF
existing wage levels.
Jesse F. Van Wicket. commercial
attaehe at The Hague, reported GER
tain measure Of returning confidence Is
evident in the Netherlands under the
influence of a strong stock market ad-
vance and the firmness in certain COM
modify markets. Czechoslovakia is ex-
periencing a more optimistic sentiment
after stock quotations were up Is pc,
cent after financial and industrial lull
during August, Don c. Bliss, commercial
attache at Prague, reported.
Trade Commissioner Legs A. France
at Toronto. has advised the department.
that for the first time since November
1881, there was slight rise in Cana
dian commodity prices He also report
ed there was noticeable improvement
in the wholesale trade in the Montreal
district and also a more optimistic feel
ing in general trade circl2s in the
maritime provinces, though there has
been little actual improvement there
Employment conditions in winnipeg
were reported improved.
Italian Business Better.
Mowatt M. Mitchell. commercial
attache at Rome. advised the depart
ment that Notwithstanding the Mid
summer lull in retail trading the tone
of Italian business has improved slight
ly. Bank deposits in Poland, according
to q repor. from Commercial Attache
Clayton Lane at Warsaw. rose by 2l.-
1926 900 Zlote to 135,579000 zlOte.
Some slight improvement has appear
ed in the trade position of the Union
of South Africa. according to cable
gram received from Commercial Attache
S. H. Day at Joh2 nnesburg. Gold pro-
duction, the mainstay of Transvaal
business. has remained at high figure
he said and crcp prospects continued
satisfactory.
The department reported mild i'm.
prcyement continues in Australian trads
and finance. Imports are steady ano
exchange is becoming more favorable
it was said. While there has been nc
improvement IN the general trade ir
India, commodity prices in Calcutts
have been firm during the past week
proving a hopeful factor in The situa-
tion radiogram tom E. c. Howard
trade commissioner, said.
A general feeling Of confidence has
prevailed in Shanghai during the pasl
week and the Chinese stock and bono
market reacted favorably to the ilh-
proved outlook, according to a radio
gram from Commercial Attache JulesS
Arnold.
Trade Commissioner E. D. Hester al
Manila cabled that the general busl-
ness tone in the Philippine Islands il
slightly improved, due to the steacy
condition of the native crop market
Just "a hours before the West Indian
hurricane struck Puerto Rico, the de-
partment was advised by Trade Com
missioner j. r. Mickey at San Juar
that although there was no visible
charge in economic conditions on the
island. the excellent grape fruit croE
ard good coffee crop now coming onto
market promise some immediate i'm.
provement.
With good crop outlook. the general
situation in Argentina is improving
slightly. according to cablegram from
Commercial Attache Alexander v. Dye
A slight recession has occurred in Peru
moving to the renewed contraction ir
commodity prices, but the situation re.
mains better than in the early part o.
the year, the department reported.
A slight degree of hopeiulness is ap.
parent in Cantral America with Gus.
toms collections better than at this time
last year in Ell Salvador and trading ir
low-grade Guatemalan coffee is brisk
according to cables from these two coun-
tries. Good coffee crops prospects in the
Dominican Republic and Haiti, with
somewhat firmer prices, constitute ar
elemen. Of strength, 1t was reported.