The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-13
SEE EUROPE IN
NO DANGER OF
BUSINESS CRISIS
Magazine Believes Killing of
King viii Have No
Prompt Effect.

BIZ Timcs Special
NEW YORK. Oct. 13-Repercus-
sions in Europe from the Marseille
assassinations this week may be felt
for a long time, but they are not
likely to bring any immediate eco
nomic crisis. either in France or in
the Balkans, Business Week stated
today.
A sprinkling of neF money is be-
ginning TO appear among the flood
Of capital issues in London, accord
ing TO the weekly. Until now, most
capital issues have been either for
refinancing at lower interest rates,
for the financing Of subsidiaries or
for the transfer of control from one
set Of hands to another" Business
Week declared
One of the offerings was for a
new rubber producing company
the first since 1929. This is the
direct outcome of the rubber re-
strictio nscheme which is working
better than the pessimists expected.
Industrials and gold mines are also
attracting new capital.
Ford Shares Rise
The rise in Ford shares on the
London market continues to be a
. feature. It is beginning to be rea-
lied that quite apart from the sue
cess of the new cars there is at
Dagenham, Eng, powerful earn
ing-pOWer asset is the blast fur
mace which will shortly have FOrd's
rivals among British manufacturers
as its customers.
II is said in market circles that
Henry Ford is himself responsible
for some strong buying Of the COM
pany's shares, but whether as
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 homes. The view
taken in London by the majority
of observers and experts is that
good American equities are worth
buying as the market is likely to
rise before Roosevelt INDUCES in
further devaluation. There is also
quiet English buying of American
railroads in the expectation OF
benefit from the congratulations
France Unsettled
The situation in France by no
means is settled, the publication in
Inmates. All business in France
reacted to the shock of the asSassi-
nations at Marseille. but coming as
they did at the end of the day,
there was time for first fears of in
tcrnational complications to cool
and for official support to be
brought to the market.
1T was the fear of most knowing
FrenChmen that the incident, COM
ing as it did in the midst of a tense
and not very happy domestic stu
alton, might precipitate an eco
nomic crisis at home rather than
start a political crisis abroad. 1t
will be week before any sound APP
praiSal of the situation can be
taken.
Textile Industry Is Exception
Except in the textile industry.
which is showing marked improve
ment from the recent tremendous
slump. business is not improving.
Department store sales are of
badly. with one of the most impor-
tant Paris concerns forced to ask
for a two-mOnth extension on bills
payable. The motor show. while
attracting large crowds, reports
fewer sales. The BOurse is mac
tive, with the price trend persist
entity downward.
Indicating the trend of business
activity, the finance committee of
the chamber of deputies has an
nounced that factory activity at the
end of August compared with the
same time a year ago was down Is
per cent. carloadingS were off 10
per cent, unemployment had in
creased so per cent. bankruptcies
receiverShips were up 40 per cent,
imports had declined 80 per cent,
exports - per cent"