Evening star., 1935-02-24
BRITAIN ALARMED
AS POLITICAL RIFT
BRINGS TRADELU[[
Leaders Try to Patch Up
Differences and Support
Press Campaign.

NEW YORK, February 23.-Cables
and radio dispatches to Business
Week give the following survey OF
business abroad for the week ending
today.
LONDON-"Paris has exaggerated
the troubles in Mincing Lane which
have grown out of the collapse Of the
pepper pool. On top of this, the split
between political forces which has
constituted the national government
has unsettled business. Net result Is
the slump Of the last few weeks, which
has been much more serious than
most executives at first expected.
Result has been the desperate ef-
fort this week of political and busi-
ness leaders to patch up the differ
ences in the government and Coop
crate in bull campaign in the press
The election no doubt will be DELAYED
by the market Investigations. And
Paris selling has been checked. But
the revelation of the ease with which
bad money departed has been a dras-
tic lesson to financial London.
oiOup opCIdtCu AUUScIys
"Sir william McLintock, receiver
and trustee Of the commodity firms
which failed during the furry says no
pool in the legal sense existed in the
case Of pepper. "A small group was
operating loosely. Genuine hackers
have not yet been identified. In the
meantime. even the sedate Econorrist
has freely reprimanded Mr.. McKe1na,
and Sir Cunliffe Owen for permitting
themselves to be linked with inter-
eSts which have thrown into disre-
pute the Midland Bank (Britain's
largest) and some of the country's
foremost tobacco firms There is still
fear that tin pool leaders are impli-
Gated In the pepper mess.
"The popularity of the mail order
store is growing rapidly in Britain
Messrs. Littlewoods Mail Order Stores
of Liverpool, which only IL months
ago took over a modern five-story
building with $1,000 feet of floor
space, have found it inadequate and
are acquiring 7-acre site and
erecting warehouses, storerooms and
offices. The present headquarters are
being retained and two new floors
added. The firm now employs nearly
1000 people and many more will be
taken on when the new premises are
ready for occupation"
Berlin Sees Auto Show.
BERLIN.-"All Berlin flocked to
the automobile show last week, the
first big show from which American
cars were conspicuously absent. Un-
able to get their funds out of Ger
many, American manufacturers have
abandoned an effort to cultivate the
German market intensively. Only
Ford. with car built in his German
plant, was present. More than 500
exhibitors were represented. Not get
on display, but promised py Hitler,
was the new wonder car, a wholly
German automobile with the least
imaginable fuel consumption and
which will cost little more than
medium-priced motor cycle. This, the
leaders declare, is to be truly the
peoples car
Americans were also concerned
with the German foreign loan agree
ment reached early in the week.
Nearly two billion marks of Short
term credits, which have been frozen
in Germany under the 'standstip
agreement among the eight lending
countries and the Reich, will continue
for another year under prolongaticn
of the old agreement. There are TWO
minor adjustments. Interest rates