Evening star., 1935-07-07
BRITAIN CHEERED
BY BEST BUSINESS
GAINS SINCE 1880
100000 More Men at Work
Than Year Ago-RetaiI
Sales Increase.
Special Dispatch to The Star.

Special Dispatch to The Star.
NEW YORK, July 6.-Cables and
radio dispatches to Business Week
give the following survey of business
abroad for the week ending today:
LONDON.-"This is proving to be
the best half-year since 1880. One
hundred thousand more men are at
work than last year; retail sales are
up % per cent; first quarter tax
revenue is up f1.2o0,o00; national
savings certificates have increased
fl3,000,000 to total of f500,000 900;
private car ownership has jumped
10000; building progress is up Is per
cent. Stock markets are good, with
all industrial indices at the highest
figure since 1880.
''Eden's rebuff in Italy has not
changed the official policy, but min
ister's speeches are all directed to an.
increase Of the air force on the
growing belief that the Abyssinian
affair will withdraw Mussolini's troops
from Europe. allowing Germany to
force an Austrian plebiscite in the
Fall. This possibly could lead 20
hostilities. Britain is alarmed also
that the Abyssinian affair may lead
to an Italo British war over Suez
passage and hostilities in Somaliland,
which is important as facing Alden,
Britain's southern Suez naval base.
AS a consequence there is an under
tone of apprehension which is not
yet felt by the man in the street.
New Issues Still Doomed.
Britain is still enjoying a semi
boom spirit. New issues-chiefly aero
plane companies and gold mines, or
municipalities seeking lower-rated re-
placement money-are flowing out in
flood and are recsiving good response
Three municipality issues in one
week were 20 times oversubscribed.
They were all 3 per cent bonds.
"A new industry, the making of
metalized paper containers for oil, is
to be established in Liverpool. A
company has been formed which has
purchased the manufacturing rights
from the Continent, and for the past
year has been proceeding on the
building and equipping of an extensive
modern factory. This Is now COM
plete and production is to begin In
the immediate future.
For some time past samples have
been under test by interested oil
manufacturers and others, whose re-
ports have been favorable. Work will
be found for 200 people at the start.
AT present there is big demand
for sealed oil containers, but the cost
of production of small metal con-
tainers has been prohibitive. The new
industry will provide, it is claimed, a
cheap but satisfactory form of con-
tainer of any size, with the added ad-
vantage compared with metal that it
can be easily destroyed when empty"
Reich Business Steady.
BERLIN.-"Business Is featureless
with current indicators maintained
at the levels Of the last few months.
Stock prices show a net advance;
bonds are neglected. Sales of the new
notes of the Gold Discount Bank
totaling 300,000,0O0 marks have
pretty well absorbed present idle
funds on the money market, and rates
are beginning to stiffen.
AT its last meeting before the
Summer vacation the cabinet passed
law introducing six months of COM
pulsory labor service for all Germans
which, added to the army service al
ready operative, means that Germans
Will devote one and one-half years
to the government at an annual cost
to the country of 335,00O, 900 marks"
MOSCOW-"The Soviets are going
to be forced to buy more than TO-
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