Evening star., 1934-10-14
Effects of Assassinations
May Be Felt for Ex-
tended Period.
NEW MONEY APPEARS
IN LONDON OFFERINGS
English Investors Taking Inter
est in Radio Corp. Chiefly Due
to Television Hopes.
Special Dispatch to The Star.

Special Dispatch to The Star.
NEW YORK, October 13.-Reper-
cussions in Europe from the Marseille
assassinations this week may be felt
for long time, but they are not likely
to bring any immediate political or
economic crisis, either in France or in
the Balkans, it is stated today by Busi-
ness Week following reports from its
European bureau.
Gables and radio dispatches to Busi-
ness Week give the following survey of
business abroad for the week ending
today:
LONDON.-"Among a flood of capi-
tai issues in London there is beginning
to appear a sprinkling of new money.
Up until now most capital issues have
been either for refinancing at lower
interest rates, for the financing Of
subsidies or the transfer Of control
from one set of hands to another. One
of the offerings was for a new rubber
producing company-the first since
1929. This is the direct outcome of the
rubber restriction scheme which Is
working better than the pessimists ex-
pected. Industrials and gold mines are
also attracting new capital.
Ford Shares Climb.
"The rise in Ford shares on the Lon
don market continues to be feature.
1t is beginning to be realized that
quite apart from the success of the new
cars, there is at Dagenham a powerful
earning-power asset in the blast
furnace which will shortly have Ford s
rivals among British manufacturers as
its customers. 1t is said in market
circles that Henry Ford is himself re-
sponsible for some strong buying of the
company'S shares, but whether as a
market move or because prospects are
bright enough to warrant the holdings
is not known.
English investors are taking a new
interest in Radio Corp, chiefly on
televiSion hopes. The view taken in
London by the majority of observers
and experts is that good American
equities are worth buying as the mar
ket is likely to rise before Roosevelt
tndulges in further devaluation. There
is also quiet English buying of Ameri-
can railroads in the expectation of
benefit from the reorganizations.
Another announcement which has
aroused general approval in London
Is the reductions in transatlantic fares
oy the North Atlantic Conference, of
which Cunard-White Star are impor-
tant members. During the Winter
months, beginning at the end of this
month, special round-trip offers as
low as S109.50 in third class are being
made, the one limitation being a Is
day stopover on the other side. 1t is
expected that this radical reduction
will stimulate travel during the usually
dull Winter season. Bottom rates in
the popular tourist class have been
dropped to $139 for the round trip"
French Business Reacts.
PARIS.-"All business in France re-
acted to the shock of the assassina-
tions at Marseille, but coming as they
did at the END of the day there was
time for first fears of international
complications to cool and for official
support to be brought to the market.
1t was the fear Of most knowing
Frenchmen that the incident, coming
as 1t did in the midst of a tense and
not very happy domestic situation,
might precipitate an economic crisis
at home rather than start political
crisis abroad. 1t will be week before
any sound appraisal of the situation
can be taken.
Except the textile industry, which
Is showing marked improvement from
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