Evening star., 1934-11-11
FRENCH CLAMOR
FOR STRONG MAN
BUT NONE APPEARS
World Business Expected
to Be Unsettled for Some
Time as Result.
PARIS STOCKS DUMPED,
BOARDING ON INCREASE
Germany Conducts Intensive
Drive to Become Free of
Foreign Materials.
Special Dispatch to The Star,

SpeCldl OlSpaLCA 10 Inc star.
NEW YORK, November 1O.-Busi-
ness everywhere will react to the fall
of the Doumergue government in
France and the unsettlement will con-
tinue for some time to come. the Euro
pean news bureau of Business Week
reports in its issue today. able
Frenchmen," the report continues.
ARE clamoring for strong man. but
none has yet appeared. Until he does
conditions in the country will not
settle themselves. And with France
backbone of the gold bloc-in
trouble, it is unWise to predict the
future of the currencies concerned"
Other cables and radio dispatches
to Business Week give the following
survey of business abroad for the week:
Paris-'Dramatic events this week
in Paris eliminated in the govern
ment crisis which caused anxious spec
ulators to dump rentes and stocks
and francs. The Radical Socialist
party caused the break when they
refused to support demand for con-
tinuation of the 1884 budget schedule
during the first quarter of next year
until, supposedly, the problem of con-
stitutional reform could be handled.
Business and the public anticipated
the crisis. Withdrawals from savings
banks in the last half of October
totaled more than 100000 francs
to accentuate an already serious
boarding situation. The gold flow
was reversed, shipments to London
and New York assuming considerable
proportions even before the cabinets
resignation. The number of jobless
is increasing steadily.
Outlook for the immediate future
is not bright. Opposition to the recent
government which was unable, de-
spite no end of patriotic appeals to
the country for support, to solve the
problem of steady deflation which has
retarded business, increased the num-
ber of unemployed, failed to reduce
taxes and to balance the budget And
yet. from the opposition there is no
strong leader or group of leaders who
appear ready with plan"
London Feels Uncertainty.
LONDON-"Develop in France
and the feeling that the German sit
uation is not good and may affect
world business have caused a feeling
of uncertainty this week which has
slightly disturbed business. The franc
is already weak on the belief that
there may be succession of quick
government changes in France. The
internal political confusion may be
sufficient to push the franc off gold,
and carry with it the remaining Euro
pean gold currencies.
"The Anglo debt accord
is accepted with mingled feelings.
While it is an agreeable settlement as
far as Britain is concerned. there is
little confidence that Germany can
or will carry out the terms.
"New issues continue to flow, al
though not in such volume as was
expected before the Marseille MUIR
ders unsettled matters. The gilt
edged markets remain in the ascen-
dant, with British funds touching new
highs. There is still an expectation
that the treasury may convert its
per cent and Az per cent conversion
stocks. The first of these has only
10 years before its earliest redemption
date and stands well over 18 points
above parity. A total of over 600,-
100000 pounds would be affected.
Birmingham, Englands largest
provincial city, has been selected as
the location for their British plant by
number of American firms. Among
the more recent are Schrader's Sons,
Inc, of Brooklyn, the motor tire valve
manufacturers, and the Cincinnati
Milling Machine Co. The latter firm
has just completed the erection of the
first section of its factory on a 3-acre
site and has in production several
types OF machines not previously
manufactured in England"
Reich War Days Recalled.
BERLIN-"Not unlike the cam
paigns of war days to save raw mate
rials' are the present government
campaigns to help Germany become
free of foreign materials. Germans
are urged to save everything from
empty tooth paste tubes to empty tai
cum powder cans, turn them in for
use again in some new form.
Reminded daily of the shortage of
materials in Germany, the public has
become jittery and rushed to lay in
supplies of goods for the Winter.
Bedding, clothing, food, all have been
in abnormal demand all Fall, with
retailers fast selling out their stocks
without being able to replace them. No
Continued on Third Page.)