Evening star., 1935-08-11
LONDON DISCUSSES
VOTE IN NOVEMBER
AS GAINS CONTINUE
Favorable Business Outlook
and Labor Situation
Favor Coalition.
Special Dispatch to The Star.

NEW YORK, August 10-Cables
and radio dispatches to Business Week
give the following survey of business
abroad for the week ending today:
London-"The city is now talking
November for the general election.
The business outlook and the labor
situation are expected to appear at
their best about this time. Any dark
spots will be carefully remedied.
Prospects for victory for the national
coalition are good. Whatever hap
pens, however, the next five years will
see, % more public works. (2) tighter
restrictions of the stock markets, go
more scientific use of low tariffs, and
% more central marketing boards
and national industrial corporations.
THE British are taking a new in
terest in the tourist business. One
eminent authority has just estimated
that Britain's income from visitors
last year was nearly $3.50, 600. 900. This
compares with an export balance in
the important woolen industry of
sl45,oo0.000. and s160,000,O00 in the
export coal trade. The jubilee will
undoubtedly improve these figures for
1885, but even at last years levels,
tourism already ranks among Britain s
major industries. Money spent is esti-
mated in these major sums: Hotels
and restaurants, $4,000, 900; shopping,
s22 500, 900: travel, $27,500 900: thea
ters and amusements, s17,00o.00o"
French Public Aroused.
Paris-"France ran into the second
outburst of public resentment against
the economy measures by means of
which crisis Premier Laval is trying
to revive French economy and save
the franc. Troops we're called out
to quell a violent uprising in Brest
started by workers in the govern
mental arsenal. Hundreds were in
jured. A similar demonstration at
Toulon was more quickly brought un-
der control
DEGREES continue to come from the
government. This week the alcohol
trade was made government mo-
noply. the profits to be used to reduce
the acreage devoted to vineyards. Over
a period of 80 years it is planned to
cut acreage 100000. Further govern
ment planning enters the picture.
Those farmers who receive payment
for plowing up their grapes are not
permitted to grow tobacco, nnseed or
sugar beets.
Further to cut the cost of living,
the sugar syndicate has been COM
PEELED by the government to cut the
retail price of the product 10 per
cent"
Italy Buys Supplies.
Berlin-"Buying of war supplies by
Italy is pushing up prices of many
staple products in Southeastern
Europe, vast market for German goods
when the countries are able to pur-
chase it. Feature of the current week
is the rising price demanded for
Rumanian petroleum, horses and food
in Hungary where Italian demand
has spurted, and lumber from Yugo-
slavia. Increased consumption of
lemons and hemp by the Italian Army
is also causing prices for these two
items to rise.
Heavy industries are still operating
at record levels, but the stimulus has
come almost entirely from govern
ment spending. Consumer lines are
stagnant, and exports are not in
creasing. Imitation fears are reflected
in the continued price rise in the
share market, while bonds are in lit
tie demand in spite of various rumors
that the government will make new
offers to attract investors"