MARKETS: Buy British

Mr. Chamberlain's Chancellor of the Exchequer and Inner Cabinet confidant, Sir John Simon, is cold and devious, a lawyer whose poker face and ambiguous, clausy rhetoric are well adapted to muddling through. Devious and poker-faced as ever last week, Sir John took steps definite enough to jolt the bowler-hatted businessmen of London's "City." He mobilized the Bank of England and the London Stock Exchange to impose "Simon's unofficial ban" on British buying of U. S. securities.

No law was passed, no edict issued. Investors were simply advised that their cash is...

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