Evening star., 1936-04-05
WAR FEARS EASE,
OUTLOOK IS ROSY
FORBR|T|SHT TRADE
London Determined to Stall
Off ConfIict-TreaSury
Surplus Hailed.
EARNINGS STILL MOUNT,
EASTER RUSH STARTS
French Interest Divided Between
Reich Proposals and Internal
Currency Tension.
Special Dispatch to The Star.

Special Dispatch to The Star.
NEW YORK, April 4.-Cables and
wireless dispatches to Business Week
give the following survey of business
abroad for the week ending today:
LONDON.-"British business is busy
guessing the final orientation of Brit
ish foreign policy. London is de-
termined to stall off war.
Business prospects are rosy. Earn
ings are excellent. The treasury
ended the year with a surplus of
100000, in spite of extra expendi-
lures for armamentS. The recent
crisis stagnated the market with un-
settling prices and there is already a
revival of new issues and rush of
pre- Easter business.
Financial leaders in London look
for a greatly increased consumption
of paper pulp and newsprint this
year, which will bring a boom to
Canada. This is helping to increase
the flow of investment capital to the
Dominion and to the United States"
French Interest Divided.
PARIS.-"Frances major interest
this week was divided between the
German situation, with Hitler's coun-
ter proposals to the powers, and the
domestic currency tension.
Business generally is feeling its
way cautiously during the uncertainty
Of the election campaign period, but
textiles, coal and steel are increasing
their activity steadily and all lines
are beginning to feel the buying rush
from industries and retail business
which are stocking heavily in fear
of imminent devaluation."
Reich Budget Passed.
BERLIN.-"The budget for 1896
has been passed, but no details have
been revealed to the public.
Government finances have once
more forced the insurance companies
of the country to absorb another
$50, 900, ,000-mark loan, and filling
their portfolios with government Sc
curities. Banks are expected to be
forced to take further government
loans this year, tying more and more
of their capital in government paper.
Last week when the big Stahlwerke
its shares (from the gov
ernment) for 100 1000 900 marks, some
leaders took it as an indication that
the government was starting now to
carry out its promises to return con-
troll to private ownership. Actually,
the move was probably dictated by the
governments need for cash now, and
the ability of the Stahlwerke, because
Of recent profitable public works and
business, to repurchase its
own shares"
Soviet Stores Improved.
Domestically the Rus
slams have already declared a war-on
the burden of shopping in the Soviet
Union. Queues-comn1on for years
in front of almost every kind of shop
be wiped out, according to Or
ders from the Kremlin. There must be
enough goods for shoppers: it must be
packaged neatly; and sales methods
must be brought strictly up to date.
Following the recent visit of the
Commission for the Food and ReStau-
ant Industry to the United States and
Great Britain, where they inspected
all kinds Of shops, more than 81 ,0O0,-
700 worth of equipment was purchased
70 help Soviet clerks and shopkeepers
transact their business more effici-
emily, and make shopping less of
ourden.''