Salt Lake Telegram | 1939-08-31 | Page 6 | Wall Street Views

1 r WALLSTREET w WALL STREET VIEWS W S By James i McMullin U o Financial i 1 Observer NEW YORK YORK Governor John W. W v Bricker of Ohio has officially declared that he ho is not a candidate candi date dato for the presidency but his friends lately have havo become exceedingly ex cx- active In his behalf They have not chang changed d their policy polley of keeping him hint undercover undercover under undercover cover so far as the public is concerned con con- corned which they still think is the wisest course Their current efforts are aro concentrated on trying trying try try- ing to sell him privately to bundred hundreds hundreds' hun bun dred of Republican n leaders nh all aU allover over the country men country men who will dominate state delegations The Bricker boosters ate are very careful not to deprecate the tho governors governor's governors governor's gov gov- ov Ohio rival Senator Robert Robert Robert Rob Rob- ert raft t In their sales campaign They simply do not talk about Taft at all Key ey men In the Bricker drive are Grove Patterson of the Toledo Toledo Toledo To- To To To- ledo Blade and Walter F. F Brown who was postmaster general in President Hoovers Hoover's cabinet and who knows his practical politics Back in 1928 Brown did a swell Job of lining up southern Republican delegations for tor Hoover Hoover Hoover-a a point worth bearing bearIng bear bear- ing in mind Usually well informed banking sources are arc certain that the mobilization of British holdings of American securities in the event of an emergency would bemore be bemore bemore more systematic than In 1914 when the problem was not visualIzed visualized vis vis- vis- vis clearly In advance Financial insiders expect that at the outbreak of war a certain amount of liquidation would probably depress prices but bu that this break would be followed by advances based upon anticipated orders for commodities and Industrial industrial industrial in in- products Incidentally British banks have been executing some customers customers' customers customers' customers customers' cus cus- orders involving transfer I. I ot of new mOn money y to America In spite of Sir JOhn SImons SImon's un written edict to the These banks banks' Interpretation that the Is b responsibIlIty is th the clients clients' not their ow own development development de- de shows the anxiety of continued to get theIr money out of Europe no laws v laws aws or New Yorkers familiar conditions with Internal In In- n In France port that re re Shockingly graft gratt In hIgh quarters Widespread canny attitude and th ot of French labo unions art are the two chIef in the critical financIal and eco o POsition of the republic French labor has opposed all efforts to make Industrial speedier pro and more dent clent by effective tactics I Heres Here's a sample Modern tIer tIer- man were a French d In in ina factory to supplement antiquated French M eqUIpment The new MW machines 11 p. p properly han died should have stepped rate of Up the ne- ne production But veteran workers considerablY in their J I ties and older called aside the younger men who had been bees l as-l assigned as as- signed to run the imported Import machines ma ma- chines and said in effect Tak Take it easy If It you jOU turn thin thIngs out s so fast do you think you will still have your sobs jobs when yo jou oU are our age The young joung fellows got the point and nd slowed down 1 enough so that the modern equip i ment made no difference at all In the production rate rale Even armament factories vital to French defenses have not been Immune from front this slow slow- motion policy polley which has gravely handicapped Frances France's Industrial industria development especially In com mm- com 1 petition with nations where la ha la bor functions with streamlined efficiency I Copyright 1939 McClure Syn