Evening star. [volume] (Washington, D.C.) 1854-1972, 1935-01-06
$4,000 More Persons Have
Jobs Than Month Ago.
Bankruptcies Drop.
COTTON, COAL, MOTORS
SHOW LARGEST GAINS
Insurance Selling in Record Vol.
ume and Railroad Traffic Holds
to Higher Trend.
Special DISPATCH 70 The Star.

Special Dispatch TO The Star.
NEW YORK, January 5.-Cables
and radio dispatches to Business Week
give the following survey Of business
abroad for the week ending today:
LONDON-"British business doomed
into 1885 with $4,000 more persons
employed on January than on De-
cember l, with record of 600 fewer
bankruptcies than in 1888, with in
surance selling in record volume and
with rail traffic steadily increasing
Cotton, coal and motors show the best
improvement. A larger volume Of
money flowed into new issues than in
any year since 1880.
Government urged naturalization
Of various industries, especially steel,
has been sufficiently successful to lead
England to expect similar moves in
the textile industry this year. Present
plan is to scrap 10000 900 spindles
with the aid of a government grant of
about s10,000.000, the plan depending
on the ability Of Spinners to agree
among themselves on what spindles
shall go. If the plan is successful
land public opinion is strongly be-
hind the government more than the
industry it is likely that further ra-
tionalization. previously rejected, will
be reconSidered.
New Workers, familiar with the in
genious apartment house projects of
Fred F. French, will be interested in
the rumor current in London that the
New York operator has secured an
option on property along the Thames
in GroSvenor road and plans to build
there another Tudor city Its con-
templated 1900 apartments with a
total of 1870 rooms in a group of
buildings around a central park will
not be unlike the little community in
New York's East Forty-second street.
London has recently become very
apartment conscious Small, COM
pact, furnished and unfinished units
have been renting as fast as they can
be prepared.
French Buying Improves.
PARIS-"While the French business
outlook in the last few months has
not been favorable, the recent slight
improvement was reflected in the i'm
proved holiday buying. which was
more animated than in 1888. The
political future looks much brighter
than a few months ago. and there
is some confidence now that the
Flandin government will Straighten
the financial situation. This conf
dence reached the man in the street
when the price of a loaf OF bread
dropped Is per cent.
Still indicative that the country is
going through a severe def1ation and
all the 'curtailment' that Americans
must remember goes with it is the
increase by one-third in the number
of registered unemployed in 1884.
Paris is preparing to combat this de-
cline in the amount of work available
by inaugurating slum clearance pro-
gram and going ahead with building
plans for the 1888 exhibition"
Berlin Is Optimistic.
BERLIN-"Optimism is more gen.
eral in Berlin than in some years
due to the improved international
outlook and to the continued expan-
sion of domestic business. Two less
favorable factors are the new con-
troversy over the guaranteeing of
Austrian independence and the con-
tinued difficulty of carrying on ex-
port business.
The advance OF the bond index
during December from 9207 to 94.09
has reused fresh hopes that the gov
eminent may be able to carry out its
conversion operations, long planned,
but always thWarted by unfavorable
developments.
"Abnormally warm weather is max
ing it possible for construction activ-
ity to continue at steady pace and
has prevented the usual seasonal de-
cline in the number of employed.
I'm connection with the Nazi reor-
ganization of business to fit into the
system of the corporate state Berlin
is now informed that the regional
divisions will correspond with the IS
new areas which in future are to be
the provinces of the Reich.
"Nazi promoters Of the reform
point out with particular satisfaction
that it will not be possible in future
for an individual firm to enjoy di-
rectly all the benefits of trade as
ISOLATION without being member and
paying membership fees. Under the
new Magma Charta' of business, each
firm has to register with the compe-
tent organization and become a
member"