FARM STRIKES.

Auckland Star, Volume LXIV, Issue 252, 25 October 1933, Page 7

FARM STRIKES.

SPREAD IN AMERICA. Pickets Prevent Marketing of Produce. ANTI-SELLING CAMPAIGN. (United P.A.—Electric Telegraph—Copyright) (Received 1.30 p.m.) NEW YORK, October 24. A new sector in Illinois was to-day added to the .agricultural war for higher prices. It is estimated that 2000 farmers voted at Kankakee to join the anti-selling campaign, asserting that they would refuse to market their produce for less than the cost of production. Meanwhile pickets in Western lowa had stopped lorries loaded with farm products, compelling their return. Sheriffs at North Dakota sought to prevent shipments of grain from the elevators in accordance with the embargo proclaimed by the State Governor, while the farm groups in Oklahoma and Texas announced that they were planning a vote soon on the question of joining the strike. Mr. Peek, in Washington, urged the farmers to fight their enemies and not their friends, asserting that President Roosevelt had clearly indicated that he was a friend of the farmer. Most of the 15,000 dyers in the silk industry at Paterson, New Jersey, who have been on strike for two months, returned to work to-day under an agreement between the union and the employers. However, several hundred members' of the Left Wing union remained on strike. The agreement, which expires a year hence, proclaims that the workers will receive a minimum of 23 dollars for men an'd 1(5 dollars for women with a 44hour, live-day week. V ——

GOLD PURCHASE.

America to Pay Above Paris and London Prices. MANAGED,CURRENCY PLAN. (Received 1 p.m.) WASHINGTON, October 24. The first purchase of newly-mined gold under the Roosevelt managed currency plan will be made on Wednesday. Official sources indicated that the Reconstruction Finance Corporation will offer to pay more than the London and Paris gold prices. The city editor of the "Daily Telegraph" says London bankers' exchange experts find many mysteries in Mr. Roosevelt's statement regarding monetary policy, but two points appear to emerge. The first is that the dollar is not going to be revalued yet awhile and the second that the main aim of bis policy remains the raising of the level of prices of farm products. The first impression both in London and Continental circles was that this definitely meant inflation in one form or another and the depreciation of the dollar in terms of foreign currencies. London banking circles are frankly sccptical about the project for managed currency. The proposal was mooted here a while ago by advanced economists, but has been generally condemned and abandoned.