RECOVERY PLAN IN AMERICA.

Press, Volume LXIX, Issue 20918, 27 July 1933, Page 9

RECOVERY PLAN IN AMERICA.

| SUPPORT FOR PRESIDENT, j EMPLOYERS WILLING TO HELP. j ,uiin r.ss -4isoci.efio* si ili.ru; '1 ELEG&AI'H— COPi-EIGUT.,'' | WASHINGTON, July 25. | A flood of telegraphed pledges toj day answered Mr Roosevelt's appeal j to the United States for the immedii ate enrolment of all employers I under the blanket agreement to raise | wages and create new jobs. . I A White House secretary said it i was the greatest spontaneous outj burst that had greeted any of the ! President's utterances, j IMr Roosevelt appealed to ail em- ! pioyers of labour to shorten working i hours, raise wages. and employ moie ! men. in order to reduce unemployI irient and to increase Hie purchasing j power of the American people. He I hoped that this would enable industi/ | to continue working at I tie higher level j of production which has been reached I recently, and would also bring about | an increased demand for primary proj duels at paying prices. Several in- ; dustries have already filed eod"s I specifying the new wage levels and | shorter working week they are pre--1 pared to adopt, those codes being demanded by the National Recovery Act. ' The latest, appeal, however, was aimed ; at bringing into line those employers j who would nol necessarily be attccted ! bv this legislation for some lime. I i STOCK EXCHANGE SESSION. TRADING FOR THREE HOURS A DAY. NEW YORK, July 25. The Stock Exchange, after the close of to-day's abbreviated session, announced that until further notice the trading hours would be from 11 a.m. to 2 p.m. There will be no session next Saturday. lOn Monday and Tuesday the New York Stock Kxchange was open from noon to 3 p.m. I EYES OF WORLD ON AMERICA. ENGLISH NEWSPAPER OPINION. (Received July 2(i, 9.30 p.m.) LONDON, July 20. A newspaper leading article says tfcat Mr Roosevelt is no longer on trial, for he has given of his best. 'The eyes of the world arc turned lon the whole American peopie. Much more is at stake than the im- : mediate well-being of America, for ■ failure of the American experiment would amount to universal disaster. 1 Its progress should be watched with deep and friendly interest.