Evening star., 1934-09-16
Rail Revenues Still Climb
and More Companies
Report Gains.
PARIS BOURSE QUIET;
JOBLESS TOTAL MOUNTS
Better Relations With Poland
Forecast, but Trade Talks
Make Little Headway.

NEW YORK, September 15.-
Cables and radio dispatches to Busi-
ness Week give the following survey
of business abroad for the week end
ing today.
LONDON-"Even with the Summer
lull lasting longer than usual, and
with ominous rumors continuing to
come from the Continent, British
business is holding its own. Sterling
has recovered, following last weeks
furry. Railroad revenues continue to
mount. More representative COM
panies are showing better profits than
a year ago. Retail trade in July Qast
month for which statistics are avail
able) was more than per cent above
the level of a year ago.
Some of the gloom in Lancashire
has been lifted by the report from
Berlin that Germans have offered to
pay in II monthly installments. with
interest at per cent, for the yarn
shipments which they hold and on
which payments were stopped by DR..
Schacht as a part of his general NOR
atorium. German industry made such
vigorous protests that the new ar
rangement was made.
Likely to Spur Shipments.
"It will presumably revive ship
ments from Lancashire At the same
time, if the export of German stock
ings and fabric gloves to empire coun-
tries increase in value over the Janu-
ary-to-June total, Germans agree to
increase their payments by 20 per
cent. This is something new in in
ternational trade bargaining, but
something Of which England expects
to see more now that Germany has
put foreign trade on complete gov
ernment monopoly basis.
"Of only little less interest to the
London market was the announce
ment during the week that the Ar
gentine will convert further sterling
loans. totaling about fl0 900, 900. The
new issue will carry AZ per cent and
be offered at 93K, which is saving
of one-half per cent.
First evidence of prospective i'm
provement in the export of American
automobiles to Britain, as q result OF
the reduction in the horsepower tax
which becomes effective January /,
is reported by Chevrolet, which has
appointed MeSSrs. CaSs g. Joyce, Ltd,
to market their car through dealer
organization including $50 outlets in
England Scotland and Wales"
parit nutIaaL CInuAaH
PARASITIC Bourse is dead; un-
employment is II :reasing slowly; va
rious trade nego ations with foreign
countries have n: sde little headway;
better relations IN Poland are fore
cast in the re'> ted loan from the
Bank of Franc .hese are highlfghts
of the current business week in
France.
"Unfavorable developments out
weigh those which are interpreted ia
vorably. Trade negotiations with Can
suits. Canada has been in the habit
of shipping large quantities of wheat
to France, but France in recent years
Gncluding the present) has had a
wheat surplus. Today Paris is eager
to revive the Canadian market for
French wines. so may make minor
concessions In tariffs or quotas on
hides, lumber and non-furrous metals
which Canada can supply in return
for lowered Canadian duties on
French wines and textiles.
Negotiations with Belgium have
run into a similar impasse. The Bel
gians are unwilling to take wool
thread because of more than adequate
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