Evening star., 1934-09-30
London Exchange Decides,
However, to Remain Closed
on Saturdays.
MOTOR REGISTRATIONS
AND TOURISTS INCREASE
French Study Doumergue's Plea
for Constitutional Changes.
Vital Issues at Stake.
pecial Dispatch to The Star.

Special Dispatch 10 Inc oldr'
NEW YORK, September 29.-Cables
and radio dispatches to Business Week
give the following survey of business
abroad for the week ending today:
LONDON-"The tone of British
business is good, with the result that
funds are continuing to move into In
dustrial shares. Volume business,
however. is still small compared with
totals five years ago. AS result the
Stock Exchange has voted deflnlteiy
not to open on Saturdays despite the
strong urging of a small group OF
traders.
There are other signs OF improve
ment. Automobile registrations in
July totaled $4,000. compared with
&c, 400 in July, 1888. In the last 10
months, automobile registrations have
advanced 2212 per cent over the pre-
vious corresponding period. Tourists
are visiting Great Britain in larger
numbers. For the first eight months
of this year the total was $4,000
greater than in the same period last
year
The annual building exhibition has
attracted more than normal interest
this year because Of the building drive
by both national and local authorities
There are 333 exhibitors. Steel is out
standing"
Doumergue Cites Problems.
PARIS.-"Frenchme devoted one
evening this week to their radios
Speaking from Paris, Premier Dou-
mergue held all attention.
France. declared the premier, faces
critical problems this Fall Despite
the balanced budget (many question
the reality of this contention) and
the economies which are supposed to
reduce the cost of living (these have
been only partially successful so far
and have made but a small dent on
extremely high living costs in the
cities the franc is threatened with
devaluation. Not only may its posi-
tion be weakened by other members
of the gold bloc finding it impossible
to cling to their position, but within
manding a cheaper franc. The pre-
n1ier ignored these protests of the
opposition and declared that his gov
ernment was pledged to hold the franc
at its present value.
Real problem in the eyes Of the
premier is the political threat from
within the country. He spoke def
nitely of both Communists and So
cialists. He asked the country for
power to change the constitution so
that a premier could go straight to
the people when a majority in the
Chamber of Deputies disagrees.
Radical Changes Faced.
"Frenchmen trudged off to work
the next morning quite sure of the
significance of all that they heard.
Only a few realized that Premier
Doumergue's demands, if they are ac-
cepted by the French people, will
mean some of the most radical
changes the country has experienced
since the founding of the republic.
There are many who are unwilling to
give up this much power to one man,
despite the examples in Rome, Mos
COW, Berlin and Washington of
ooOAAoAAlS NCclCA LII
Despite the continued weakness of
government on the Bourse, the new
treasury issue is going well. Contrary
to earlier expectations, based on the
bad reception which the July issue
received, the current issue may bring
in sufficient subscriptions to ease the
loan situation for some time.
Exports in August were per cent
above the July figure, and imports
were down per cent but the net
change is negligible and is still not
healthy. There is some improvement
in the northern textile regions, but it
is of small proportions Alsatian
potash sales are 10 per cent above
1888"
Reich Industry Steady.
BERLIN-"First Importance is at
tached to the working of the new
import control program but it is too
soon yet to know how we'll it is
functioning. Without doubt there will
be a congestion of applications due
as much to bureaucratic ineficiency
as to the protests of neighboring
countries that it violates the clearing
arrangements they had made with
CONTINUED on Second Page.)