Evening star., 1933-08-13
BUSINESS W|DENS
GAINS IN GERMANY
AND Jobs INCREASE
Two Million at Work Again.
Nation Girds to Prevent
Winter Slump.
Special Dispatch to The Star.

Special Dispatch to The Star.
NEW YORK, August 12.-Cables
and wireless dispatches to Business
Week give the following survey OF busi-
ness abroad for the week ending to-
day:
Berlin-More signs showed up during
the week to prove the chancellor's re-
covery program is taking hold. Car
loadings are better. iron and coal pro-
duction is up, the number Of unem-
ployed is smaller. Even retailers be-
gan to feel the impetus OF improved
buying which followed the increase IN
the number of workers with the revived
buying power.
Concentrated efforts within the last
few weeks on the governments recov-
cry program has brought the number OF
re-empioyed up to 100000. This. &C
cording to government spokesmen,
ends the first stage Of the recovery
scheme. During the Fall and Winter
all efforts will be devoted to the con-
soNdation Of these first gains and on
efforts to prevent the usual Winter
slump. Then, in the Spring, new
effort will be made to absorb further
millions of workers. The franness
of the government in admitting Its
inability to meet the whole problem
at once. and the efficiency with which
the first part of the project has been
put into effect has won the govern
ments wider support.
Foreign branch factories in Germany
which had feared they might suffer
discrimination when orders were placed
for the vast public works program
were reassured this week. Berlin ON
cials have decreed that no orders are
to be withheld from factory simply
because 1t Is branch Of foreign
company.
Heat Spurs Trade.
London-A long heat wave. coming
at the holiday season, has proved .
boon to British railroads, resort ho-
tells and concessionaries. Crowds
thronged down to the Channel resorts
and vacationiSts turned to the Scottish
lakes for cool rest.
Railways, as a result, report record
business for recent weeks. Banks reg
istered the business gain when cur
rency in circulation jumped nearly 10
million, compared with only mil
lion in the corresponding period last
year. Executives were cheered. To
them it was an indication that the
public will start spending as soon as
income increases or seems more secure.
More news Of the week concerned
the railroads. TWO of the largest and
most important of the motor transport
companies in the United Kingdom are
Carter, Paterson & Co. (who control
the London Parcels Delivery co., and
Pickfords, Ltd. It became known dur
ing the week that the British railways
are~going to make a united effort to
buy control Of these two great motor
tpo O.
ultimate scheme to bring all trans
port under a single control. At the
same time, the Great Western Rail-
way announced that it was adding $50
trucks to its road fleet, including a
number of Whippets for speedy trans
port of perislMbles. ;3<.r : D..
French Public Skeptical.
Paris-A deliberate and skeptical In
vesting public has taken more than q
month to absorb the 10-year treasury
bond offering. The finance ministry
has declared that more than 3,000,-
000, 900 francs were subscribed. More
over, it is declared that 1t has drawn
out lot Of boarded capital which has
become a menace to the French who
are struggling to maintain the gold
standard The problem Is not alto
gether unlike the situation which ex-
listed in the United States IN the
months just before the country left the
gold standard. The one important diff
ference is that the world now is gen.
orally more hopeful.
The stock exchange has been phleg-
matte all week, but remarkably re-
sistant to price deterioration. June
coal production Is above the total for
a year ago. The number Of miners at
work, however. declined.