Show THE TUE DAILY NEW YORK F Final Financial Whirligig Written v t n for oTh The fly JAMES McMULLIN NEW YORK New York experts say that Britain while le working hand in glove with us on monetary policy for tile the present present-isn't for lor lora fora a moment losing sight of oC her ambition to recapture recapture recap recap- ture supremacy of the worlds world's capital market Insiders agree that Britain's dominance over the dollar and her influence on American bu business busi- busi iness i- i ness through the channels of corporate financing financing ing have vanished into thin air because of President Roosevelt's firm stand on home rule for American finance and industry London had power to shape our affairs up to a year ago that most people never realized The change weakens Britain's position as the mistress mis- mis tress of international trade more than she cares to admit Tariffs and other forms of trade pressure loom large in n the British plan The informed say that the English tariffs were not adopted as a permanent policy but as bargaining points of wide utility Likewise empire trade agreements are arc chiefly useful to strengthen the sterling bloc and to impress Britain's importance importance tance on nations which may be wavering toward acceptance of our trade leadership An example Canadian imports of Brazilian Brazil Brazil- ian coffee have been of imports irn- irn ports from the British colonies of Jamaica and Kenya Of course we are Brazils Brazil's biggest coffee customer but even with so-with n a surplus to dispose Brazil of-Brazil notices the difference Our Dollar Their Target Local sharps say that Britain has nothing to gain by buck bucking ng us now The English acknowledge acknowledge ac- ac knowledge our advantage in resources and will play along until a change in our picture presents presents pre pre- art an advantage Then it will be largely a question of preparedness The bonds uniting uniting unit unit- ing the sterling bloc are being skillfully woven closer so that sterling and not the dollar dollar- will emerge as the worlds world's standard of value when France and her satellites leave gold and an international monetary new deal is called for Passive Regarding French Troubles New York insiders are not apprehensive about the effects on this country of a serious domestic upheaval in France They believe the shock might cause temporary confusion but foresee no adverse economic effects over here They are sure that such a crisis would inevitably inevitably in- in bring devaluation of the franc and most conservatives now re regard ard that as a long term blessing rather than as a curse The gold franc is no longer useful for anything but buta a yardstick and they say its it's too artificial to be much good even at that Abandonment of gold would enable a fresh approach to international monetary problems on a new and sounder base Of course American banks with French branches are somewhat bothered about the fate ate of their investments in case of an explosion but even they are not sitting up nights wor- wor Murders 1 Worry France New York gets geth confidential word that tile the French government is greatly worried by the number of murders that have followed the Sta- Sta scandal The death of M. M the Prince whose judge body was found on the Dijon railway line ine has been followed by four other mysterious cases in different parts of Prance Francc These and other insoluble assassinations are believed to be the work of a gang of murderers The police have so far been helpless to deal with the situation Administration officials have made it clear in in private chats with executives of communication tion companies that the main idea is to root out all traces of foreign control The corporation corpora corpora- tion officers are willing enough h but insist they can offer no guarantees so long as the stock of their companies is on n sale in the world markets A possible solution of New York origin will be offered shortly for the governments government's approval ap- ap It would involve vesting control of each of the companies in a voting trust of three members all of whom must be American and andone one ne of whom would be named by the gov- gov Have You a Nickle Mine Industrial circles report that nickle leads all the basic industries on the road to recovery World nickle consumption has increased during the past year from to pounds The market has seldom been more even in in war times Whitney Sure of Job Richard Whitney is certain of reelection as pr of the New Ne York stock to k exchange re of the rebellious factions to organize m in tIme means that he vill have no effective opposition But there were 60 nominations for the 10 posts to be filled on the board of governors gayer gover- nors and the nominating committee tee is likely to tomake make conc concessions to liberal sentiment in drafting draft draft- ing its official slate The effect on exchange p policies cannot be gauged until the regulation gill bIll IS passed t |