U.S.A. INDUSTRIES

Greymouth Evening Star, 7 December 1929, Page 7

U.S.A. INDUSTRIES

ANTI-SLUMP ORGANISATION. . (By Cable—Press Assn.—Copyright.) WASHINGTON, December 5, Over 400 leading representatives of industry, finance, trade and commerce, who have been meeting to devise means for carrying out President Hover’s effort to stimulate and stabilise business, have concluded their .labours. The result is that they have appointed 72 members of standing in the business world to begin the task of organising an Executive Committee, which will be the nucleus’ of the .organisation, and will deal with economic conditions, with the object of preventing any further depression such as was coincident with and followed in the wake of the recent stock market crash. The naffi.es of those who will comprise such Council, and the scope and character of their work, will not be announced for several days. The body of men composing the conference, who represented billions of dollars in corporate and individual wealth, was described as “the greatest cross-sec-tion of American industry that has ever been gathered together.”