Salt Lake Telegram | 1932-07-16 | Page 11 | Reparations End Helpful to World

REPARATIONS END HELPFUL TO WORLD Results of the settlement of the German reparations problem will wi be reaching far and perhaps decisive in determining the te trend of world business business busi busi- ness even though those results result may not become immediately apparent nt in inthe inthe i the opinion of the Standard Statistics company as expressed in a current bulletin which continues in hi part One of the first effects almost almos without q question eston should be to t impart impart im im- im part fresh courage to term long-term Investors in who are entirely willing to make commitments on something less than the soundest tha se re s. s An attractive basis for lor speculation sped sped- lation laton has ha more than once served as asa asa asa a starting point for economic recovery cry ery the te essential thing is i that funds be started flowing under the lure of oJ profit possibilities Banks which have been heavily involved in Germany and which presumably pre would suffer heavy losses iJa iJ if ifa i a breakdown occurred should escape cs es- cs- cs cape that danger and to t that extent should be relieved of the need of further further fur fur- ther liquidation The he conversion of term short into term long credit should begin aford afford affording ing lag a firmer basis for international transactions than has existed for years han Purchases of raw materials long reduced below necessity levels level once more should be s set t in motion moton and one of the chief chiet causes causs for the persistent persisted weakness in international commodities commod I should under favorable circum circumstances circumstances stances be removed At some time and for some cause caus the depression will wi begin to recede and ad normal conditions to assert them selves selves From any point of view the elimination of intergovernmental ob obligations ai ob- ob from tram world economy probably ably will wi go Co further toward producing tag ing ig this result than any other single event which falls fals within the range ol of possible achievement