Evening star. [volume] (Washington, D.C.) 1854-1972, 1933-07-23
REICH TRADE AIDED
BY MARKED EASING
OF HITLER POLICY
Interference of Party Lead.
ers With Business Ended,
Upturn Gains.
Special Dispatch to The Star.

Special Dispatch to The Star.
NEW YORK, July 22-Cables and
wireless dispatches to Business Week
give the following survey of business
abroad for the week ending today:
Berlin.-"We must not remove bust
ness executive if he is a capable BUSH
ness man, but has not yet become a
Nazi, especially when the Nazi whom
We are putting In his place has no idea
about business management"
This is the key to Chancellor Hit
ler's new policy in Germany. He has
called a temporary halt as far as the
realization of the economic aims Of the
Nazi party are concerned. He seems
resolved this week to put an end to
interventiohs Of petty party leaders and
organs in the current affairs Of bust
ness enterprises which have done 50
much harm lately and have affected
the morale of business.
Importantly, department stores no
longer are to be molested, though they
were a focus of every attack the Nazi
party made on big business during the
campaign and the early months that
Hitler was in Office. Also all action
against consumers cooperative very
important in Germany must end
Industry continues to show gradual
improvement Textiles, iron and steel
were more active and the paper indus
try is beginning to show signs Of re-
vival. Domestic machinery orders for
the first half-year were II per cent
above last year, but foreign orders were
of 40 per cent, largely due to the de-
cline in Soviet buying
Americans are perturbed by the
1icnd trnr i1 hn I'D Arykx
from IL cents to so cents q pound. It
is made necessary by the depreciation
of the dollar. the government claims.
1t is the first move to counterbalance
dollar depreciation and Is significant.
Soviet Steel Orders Help.
Paris.-France took a long week end
following the national holiday-July IA
with the result that business has
been featureless all week.
The most spectacular development was
the decline of the dollar Tuesday. It
has shown no serious signs of weak
ness, but the Bourse and French for
eign trade are both reacting to the
During the week the Dutch guilder and
the Swiss franc were weak.
Sole ray of hope in the export field
is the reported orders which have been
placed by the Soviets this week with
the French steel industry. Details are
not yet revealed, but it Is understood
that the orders this week are small, and
are only preliminary to business which
may run to $4,000, 900 as soon as salts
factory credits are arranged. 1t Is i'm
portant because it Is the first sign that
France is going after Soviet business
under a new trade agreement following
several years of extreme antagonism to
Russia.
Disappointed in Farley.
London. - Commercial London Is
frankly disappointed over the prospect
that the conference is going to adjourn
without definitely settling any of the
major problems. Business, however, has
suffered no setback. The tone, in fact,
is excellent, with recent recovery con-
tinuing and unemployment declining.
Stock markets have been bit irregular
this week due to profit taking. Com
modities have been good, with rubber
touching record high price since 1880.
One of the most encouraging develop
ments during the week was the an
nouncement by the government of def
mite plans to protect home industry
for the production of hydrocarbon oils
from coal Imperial Chemicals has
carried on long lobby campaign to get
government protection for the oil which
might be produced from domestic coal.
When the campaign was started, cost of
producing the oil was estimated at Z
pence, but it is believed that more re-
cent experiments have reduced the cost.
This new development will give d.
rect employment to 1000 workers.