Cooperation by Japanese reelers, exporters, and dealers on the New York market would stabilize silk prices, Paolino Gerli of E. Gerli & compa: Ca. and president of the International Silk Guild, said recently in a speech the before the Textile Society of Canada at Montreal.
Mr. Gerli said that the recent wide, price fluctuations in silk were due to an orgy of speculation with its roots back in the internal situation in Japan. He that if normal economic factors had been allowed to ies, govern, the speculation in Japan would hardly have affected the markets in Canada and the United States. What has happened, he said, results from the fact that the Japanese' Government has permitted inilationary trends to hav" full play at.|home while rigid control was maintained of an unwarranted foreign exchange rate.
Japanese Exporters Blamed from "a larger volume of orders, ex-in the several local currencies, d at December 31, 1939 than on hand at the close of the The number of subscribers of telephone operating subsidiaries increased but revenues in terms of U.S. dollars were lower because of lower Japanese exporters sent prices rocketing because everything (vas shooting sky-high in Japan. "But why take it out of the hides of their best customers, the United States and Canada?" asked Mr. Gerli "If all that (rising costs and prices) was true in Japan, it was equally true that the yen was too high, and if the yen had been allowed its natural trend ang had not been pegged at 24 but had been allowed to go to 15, where it sold elsewhere in the Far our markets would have been spared a great deal of anguish and Our manufacturers would not have been confronted with a disrupted and disorganized structure.
Mr. Gerli said that if the main reelers and dealers would get together with their North American buyers, soberly consider the problem and make a generally more flexible adjustment between. them, stabilized prices might become possible.—Havas. preceding year and reflected the improvement in trade relations between the United States and the countries Japanese Govt. Bonds im Farner Francis Woodlock, the well liveries of equipment and materials, taxation,. restrictions on profits and numerous other problems which develop from day to day. However, the corporation has been able to maintain a sufficient flow of funds to take care of its interest, sinking fund and other requirements in U.S. known Jesuit preacher and lecturer of Farm Street Church, Mayfair, London, has died suddenly at the age of 69. He never lost an opportunity of attacking those who, in his opinion were misleading the people of this country and in consequence he made many enemies. Among those whom dollars. Drastic steps have been|he were Mr. Bernard Shaw taken to reduce to a minimum all whom he described as "an irresponsible U.S, dollar requirements which do playboy and mountebank," and Mr. not represent fixed obligations.
Justice McCardie, whom he accused In Spain the American personnel of bringing his court into disrepute has not been reinstated in the man-when the judge expressed the hope agement and operation of the tele-that the law making abortion a crime 3250! phone operating subsidiary because would be altered. Once he declared, of certain governmental regulations "There is no such thing as love at pertaining to foreign as well as first sight. It is only the stirring of Spanish employees of the company passion. Real love grows gradually." who were employed outside the Nationalist territory during the war.
Negotiations on this question are con-
SHANGHAI FOREIGN
tinuing. No details can be given of the suffered by this sub-
EXCHANGE BANKERS
35450 sidiary during the civil war as up to
ASSOCIATION
date accounts for that company ar not available.
Text read from the printed page and cleaned; old type leaves the occasional error.