Show Prevailing Pre y a i I i n g 0 Opinions Opinion p in ions Comment of the American Press 1 Japanese Want No Sightseers The Japanese want air lines to their mandated islands in the South seas but they carefully omitted the carrying of passengers passengers passengers gers from the purposes which they stated to the league mandates mandates mandates man man- dates commission Passengers hopping back and forth are just exactly the last thing the Japan Japanese Japanese Japa Japa- n nese nese se want In these Islands And yet in the Interest of overs overseas overseas over over- s seas as transportation his is exactly the first thing that should be established America already has hasan hasan hasan an airline to the Philippines by byway byway byway way of Wake island with a switchback trip to If the Japanese would establish a passenger line through their own islands they would be bc very welcome welcome welcome wel wel- come to use our facilities at Wake island for a connecting service There Is nothing there that we object to them seeing Inde Indeed d they can see it now by taking passage on the American line from Manila Manila Manila Ma Ma- nila and stopping over there Then passengers for Japan could branch off at Wake Vake direct for Japan A Chinese service to Shanghai would complete the system In a world of peace and confidence confidence confidence dence seeking to do business this is the way it would be done It Is also exactly the reason Jeason why it will not be done San San Francisco Francis Francis- co Chronicle British Labor Loyal Rejection by the British sh h. h labor party of the united front of communism lends courage and in inspiration in- in to constructive labor movements throughout the world By a tremendous majority the conference of organized British workers In Edinburgh denounced the communist philosophy which offers only civil war and dictatorship dictator ship as the solution of or human problems The conference roared Its approval approval approval ap ap- of the words of Rhys Davies Davies Davies Da- Da vies labor member of parliament when he said the communists Have attempted attempted and and failed failed- to destroy this party from without without with with- out I want vant to prevent them from getting a chance to d destroy troy us from within The same spirit of or patriotic loy loy- by- by V alty and constructive citizenship is being expressed in the Un United ed States by the American Federation Federation Federation Federa Federa- tion of Labor and its leaders William William Wil Wil- liam Green Grcen Matthew and their associates i They are irrevocably opposed to Infiltration of communist Influence influence influence ence into the workers' workers organizations organizations organizations of this country Los Los Angeles Examiner Z T Two o Capital Markets The figures on new capital financing fi financing financing fi- fi in the the- London market as presented b by The London Economist Economist Economist Eco Eco- and in our own as shown in The Commercial and Financial Financial Finan Finan- cial dab Chronicle rev reveal al ertain certain contrasts contrasts con con- that are well worth noting The third quarter in London is traditionally a dull one and this year has been no exception yet the character of the market is conspicuously at least two Important respects In the first place corporations rather than the government are creating creating creat creat- ing the demand for funds in the second place these corporations are borrowing in a very large measure not simply to refund old securities but for plant lant expansion expansion sion and new enterprises Company financing In London London- accounted for approximately 81 per cent of df the last quarters quarter's to total total to- to tal tab according to The Economist and for approximately 74 per cent over the last nine months This represents a sharp contrast with the situation in the New York money market In other words while corporation borrowing this year t to date has constituted 74 per cent of the total financing In Inthe inthe inthe the London market it has represented represented represented rep rep- resented but 33 per cent of the financing here the government usurping the bulk of the markets market's lending facilities But the difference does not end there Of the recent new British corpora corporate financing 45 per cent has been for the purpose of raisIng raising raising rais rais- ing new money money for plant expansion and new enter enter- prise In the case of this country only about 20 per cent has represented represented represented new capital the rest has been simply refu refunding ding It would be pleasant to be able to add that the same thing applied In the case of the treasury's financing Unfortunately fortunately Up however of the 7 in fin financing done here by the treasury or about 40 per cent has represented the creation of brand new In in- in New New- NewYork York Herald- Herald Tribune |