Evening star. [volume] (Washington, D.C.) 1854-1972, 1935-09-15
PR0SPERS
AS EUROPE MOVES
INTO WAR CLOUDS
French Business Situation
CaIm-Activity SIaCkenS
in Security Markets.
Special Dispatch to The Star.


NEW YORK. September 14.-Cables
and wireless dispatches to Business
Week give the following survey of
business abroad for the week ending
today
LONDON.-"There are no hopes
now for a pacific settlement at Geneva
of the Ethiopian problem, but British
stock markets. though sensitive. are
Unexpectedly firm. with gold shares in
demand again. More than $4,000 ad-
ditional men were at work at the end
of September, making a new high.
New automobiles registered in July
totaled $4,000. against $4,000 new reg
istrations in July of last year. Cen
Grated electricity in August was II
per cent above the volume for the
same month in 1884.
Activity in Building.
Behind the nationwide urge to
free the country of its slums, housing
is making striking gains. More than
5000 new homes were started in July,
compared with $500 in June and 4,700
in May. Permits approved during Au-
gust were double the number in July,
indicating the rate of increase.
London is anticipating a Wall
Street boom with a strong flow of
small investment money beginning
This Is attributed equally to Roose-
velt's promise of non-interference in
business and to fears in Europe over
investment stability now that almost
all of the continent is convinced that
Italy will fight in Ethiopia and that
almost anything can develop out of it. "
War Industries Boom.
PARASITIC business situation as
a whole in France is apparently calm.
though farmers are still protesting the
slow recovery of prices on their prod
ucts. Aid which the Bank of France
extended to wheat growers has now
been extended to the distressed wine
districts and should help to relieve
this industry. Unemployment has not
changed despite the season. Rents
are firm. August retail prices are
about per cent below June. Indus
trial consumption of raw materials
during July and August has increased
considerably, rejecting the boom in
the war industries and wider buying
by the public.
"T'he Ethiopian question has I'M
doubtedly helped to divert public at
tention from the domestic economic
situation, which still is not bright,
but it has also had its bad influ-
notwithstanding of all activity on the
security markets. As is always the
case when war threatens, there is a
general cropping for liquidity, with the
result that credits are reduced, sales
are sold in large blocks and short term
interest rates are declining in con-
trast with the stiffening of the long
term rate"
Barter Admitted Necessity.
BERLIN.-"Business accepted hope
fully this week the announcements
Of the party leaders at the great MUIR
emburg conclave. Old arguments
against imitation and devaluation
were emphatically reiterated. There
was an appeal for a world return to
stable currencies. Barter was ad-
mitted to be a necessity forced I'M
willingly on the Germans. and not a
form Of international trading which
was either working out well or to be
encouraged.
Echoed in almost every speech was
the assurance that the party and the
government would work tirelessly
against the price advances which
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