NATIONAL RECOVERY

Evening Star, Issue 21543, 16 October 1933, Page 8

NATIONAL RECOVERY

THE AMERICAN PLAN QUESTION OF CODE VIOLATORS Tress Association — By Telegraph—Copyright WASHINGTON, October 15. (Received October 16, at 1.30 a.m.) • General Johnson, in a Press interview. admitted that the N.R.A. was faced with a serious enforcement problem as regards recalling the Blue Eagle emblems from alleged code violators. He referred to the right of the President to take such steps under the agreements signed, but admitted that he did not know if action could be enforced in the courts. He deprecated the possibility that those losing their emblems and ’having their names published might have grounds for libel suits against the Government, and indicated that more withdrawals would follow proper complaints. Meanwhile, according to reports from New Rochelle (New York), one loser of the eagle has reported that increased business resulted. The proprietors of n beauty saloon there, asked to give up their eagle as they were allegedly paying their employees less than the minimum wage specified in the code, did so, after which business immediately improved. The proprietors announced" that they would cut prices and wages and hire more operators, in direct contradiction to the N.R.A. P°hcy. , . , General Johnson to-day indicated that the Administration considers the dispute in the “ cautive ” coal mines closed. He declared that miners still refusing to return to work would be considered code violators. DOLLAR AND STERLING WASHINGTON, October 15. (Received October 16, at 1.30 a.m.) The Government’s refinancing _ programme regarding the calling in of part of iijo fourth Liberty loan raised the dollar to-day to the indicated gold value of 69.13 cents. Sterling broke 13J cents to 4.53 J, with the result that domestic security commodity prices were sharply down. DOLLAR STABILISATION QUESTION NEW YORK, October 15. (Received October 16, at 1 a.m.) An Associated Press copyrighted despatch from Washington states hat it was learnt to-night that a high authority in the Government considers that prices are not yet high enough to warrant the stabilisation of the dollar, and it “would be absurd to attempt in the present circumstances to stabilise the dollar against foreign exchange.” The correspondent adds tnat the President plans to provide dollars of constant purchasing power, but must await a higher price level.