“NOT BECOMING WORSE”

Nelson Evening Mail, Volume LXXIII, 28 August 1939, Page 4

“NOT BECOMING WORSE”

OPINION IN UNITED STATES DESPERATE HOPE FOR PEACE PLANS FOR EVACUATION OF NATIONALS ■ IUVA-Hv ki.vi.l. 1,-i.mai.ti Cot.vnuht NEW YORK, 261 h August In America both officialdom and the great public alike to-day continued to watch the European crisis with bated breath and in the desperate hope that it might yet bo resolved peacefully. President Roosevelt and I lie State Secretary, Mr Hull, declared themselves without information on whether negotiations instead of war would prove the answer, but other members of Cabinet, such as Mr Johnson and the Assistant Secretary of State, Mr Bcrle. expressed themselves negatively: "At least it isn't, becoming worse.” "The Philadelphia Bulletin” interviewed Mr Winston Churchill over the transatlantic telephone, and Mr Churchill said: “I think it is too late for appeasement. Poland probably will be attacked shortly, and the historic error of 150 years ago will be repeated. The situation is very grave. Germany is putting out a lot of lies, but they are going to get more than lies before we arc through with them this time.” WALL STREET HAPPIER Most of the resources of Ihe Government are concentrated upon a detailed Plan for the evacuation of the 59.000 Americans in the danger zone and upon perfecting financial plans in order to minimise the shock «.f war upon the markets and financial institutions. In this connection an interesting analysis of the British and French holdings in the United States was made by officials, who estimated that they totalled 3,500,000.000 dollars, of which 2.625.000.000 represent liquid assets, the remainder constituting direct investments such as real estate, industrial enterprises and trust accounts. The gold j holdings are estimated at 500,000,000 | dollars. The German and Italian assets in the United States, however, are negligible. being estimated at below 100.000.000 dollars. A momentary promise of negotiation between Germany and Poland has encouraged Wall Street to buy stocks, resulting n an upward movement sufficient to erase the losses for the week. Industrials gained °.66 points. Steel shares, which traders said would profit, war or no war, were the leaders with a four-point gain. United States bonds led a broad advance on the bond market, where foreign issues also showed improvement. Wheat lost one cent a bushel and Chicago cotton remained steady.