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Show ; ... A , ; pHABLES a MITCHELU chairman of the National City Bank of V New Tork. who baa Just returned from abroad after vUltlng Berlin, Pari and London, stated upon hi return to thl country that he regarded re-garded the present condition of the itock market aa a healthy reaction f I wkleh hae probably overrun ItseW. ( Mr. lfltshU la on of the dominant domi-nant flgure In American finance ted and member of the New Tork refml Reserve Bank. la reply to a question about broker lean. Mr. Mitchell said, "reople do sot. a rule, understand under-stand brokerage loan 1 notice In the newspaper that tltl.ooo.SOt right were taken up. Thl merely (Man hifUn . In tb form of credit but nothing alarming. There la Increase la credit. There ha only bee shifting In the form of credit",, As to preeen rediscount rate, Mr. MMehell said. "Certainly, In my , eplnlea, towerlo of Interest ratee . I desirable a en of Ut thing that weald ear ur present dim-eultte dim-eultte a they are. Ixiwer interest level wlB kelp build bond mar set, give aa aurtgag market. ' help seoerally la steel and all other great Industrie, t think any ob-ervtatu ob-ervtatu sua would sgre that werWag tsward a lower Interest has la t be deetred." e e e He. JuHs Klela, ltaat cre-tary cre-tary ,e,rnaasro. eeeeaMy Issued a warning I Ajaerteaa manufao-turera manufao-turera atteeaptlns; to kurdle foreign trad earners by esUbllahlng breach faotorte abroad. Dr. Klein peiats eat that auLnufecturers are tlabl a b tripped by obstacle " whloh ..they. vrleok la their n-thaslaaai n-thaslaaai dee tb enterprise. Many eaeoaUvs dafl to reailse that the jealousy: of eompetlter In foreign eeeattlee oft lead to trouble for th . iSahrraUitg: , ssaaufasturer, ho eald. ' Perelga .tarts laws oaa be : ',) ehaflged wKh greater facility than ear ewe, aa th manufacturer who ' ' atarU-kwelos In,. foreign country heoattee. eertaln provision of th eastern law there seem to make It r advisable, may And that the law ha been changed at the behest of competitor, and that be is worse off than before. ' e e e Voluntary action within the trad to eliminate unfair practice In grocery distribution- for th benefl of th consumer and of all factor In th world' largest Industry will be the purpose of the Second An nual Grocery Trade Conference at Washington, D. C on November I. Functioning under tb auspice of th Federal Trad Commission, tb conference I headed by an eaeou-tlve eaeou-tlve committee oomprlaing members of the six major grocery association. associa-tion. An advance registration approaching ap-proaching 1,000 manufacturers, wholesaler, chain (tore operator, broker and retailer indicate th vital and immediate Importance of improving distribution methods, according ac-cording to H. It. Draokett, ohalrman of th Conference Executive Committee, Com-mittee, who ald that the meeting would be the largest distribution conference ever arranged. Resolution designed to eliminate or regulate doubtful praotloea In the j Interest of th trade, th govern- ment and the public, and other stntemi-nta and proposal! may be submitted for the consideration of j the Conference after prior aubmla- ion t th executive oommittee. An educational program In furtherance , of th announced purpose of ellml- ; natlng unfair method will b au- t, thorltatlvely presented a the result of itudlea extending over the period ' of a year. e e a Production and distribution ar being maintained at a level well abov that of 11128, according to the October report ef the Conference of Statistician In Industry, operating under the auaploe of tb National Industrial Conference Board. . |