New York, Mar. 23. canvass of export observers shows that American business is present assuming a waiting attitude, According to the March report. of the Conference of Statisticians, industry in the United States, in spite of lower interest rates, is proving reluctant to avail itself of easier credit, In the opinion of the Irving Trust Ca. this is partially attributed to the widespread unemployment which seems to be at a point nearly as serious as was the ease in 1921, Some statisticians attribute the slowness of the business revival to the existing wide difference between the values of silver and of gold. The latter is now at ite highest ratio since 1867, when statisticians began to keep records.
It is emphasized that with many countries going to a gold standard, China remain: only real silver ct, but China already possesses a surplus, All interests are watching the 1a exchange situation.
While it is agreed that low exchange will contribute to an increase in exports with a resultant finer ease in the amount of gold received in return, the disturbing element appears to be the lowering the prices of commodities in many countries.
In New York City the churches! have appealed to their memberships to help to find jobs. This will, however, prove only a brief aid toward reduction of unemployment.
The Presbyterians through pulpits all over the country appealed last Sunday to 2,000,000 members to contribute one day's wages each to benevolence. A part of this will be used to relieve distress resulting from unemployment.—United Press.
Text read from the printed page and cleaned; old type leaves the occasional error.