Evening star., 1933-05-14
Financial Centers Abroad Are
Planning for. Meeting
Next Month.
BRITISH TRADE SCORES
SUBSTANTIAL UPTURNs
French Industry Also Reported
Better, With Improvement in
Iron and Steel Operations.
Special Dispatch to The Star.

Special Dispatch to The Star
NEW YORK, May 13.-Cables and
wireless dispatches to Tho Business
Week give the following survey of busi-
ness abroad for the week ending today:
LondOn.-Britain Is looking forward
to the World Economic Conference with
increasing buoyancy. There Is a gen.
uine and growing optimism over the
business outlook. Orders are increas-
ing. More men have been taken back
to work in the building, public works,
contracting, tailoring, distribution, brick
and tile, transport, hotel and general
and marine engineering industries.
Shipbuilding is expanding again. So
are the motors industries. There have
been only minor setbacks In the coal.
cotton textile. pottery, jute, boot and
textile finishing industries.
Markets Buoyant.
Stock markets are buoyant, with in
dustrials and commodity shares being
bought now so as to share In the re-
covery. Dollar exchange, after COL
lapsing to q new low at the very end
Of last week, has recovered this week,
though fluctuations are still violent be-
cause Of continued uncertainties over
future policy in the United States.
Francs have been weak So has the
Dutch guilder. Fear persists that these
two currencies will be wholly forced OF
the gold standard before the World
Economic Conference can re-establish
the gold standard on q new basis.
Bank clearing figures continue to
show rises in deposits, indicating that
excess money is awaiting investment in
good issues when the public becomes
more certain that recovery is more than
temporary.
Copper interests in this country have
formed q new development association
Research Association in the United
States. 1t is the purpose Of the or
ganization to find new uses for copper.
Success Of the British Coal Utilization
Council In finding new uses for coal has
stimulated this cooperative effort
among the copper industries.
Berlin.-The heroic" period Of tha
national revolution Is over and there
Is every reason to believe that thing1
will soon enter more quiet course. Fol-
the present, however, there is still un-
certainty and a growing apprehension
over the isolated position in which
Germany IS finding herself as result
of the last five months of political un-
rest and nationalistic excesses. These
are reasons for the weakness on securi-
ties markets this week, and for the lull
in industrial activity. Developments,
economically, are more featureless than
IN many weeks.
Nothing has come from Chancellor
Hitler in this second week since the
Labor day speech to make any more
definite the vague proposals he made
for domestic recovery. His suggestion
of aims has appeased the mass Of Ger
mans. Executives are more interested
In learning the methods and means.
Paris.-Business continued to improve
this week. Iron and steel activity Is
greater. Biggest boost to the business
came from government orders for rails
nearly $4,000 tons-for 964 kilometers
Of new lines. Textiles also are reviving.
Lille. Armentieres, Roubaix and Tour
Going all report increased activity. And
| finally, automobile production has been
stepped up with sudden improvement in
demand.
Production Index.
At the end of March the general
production index stood at 104, compared
with the monthly average for last year of
So. Building trade showed I'D worse.
the index standing at SO contrasted
with 100, the average for last year.