OPTIMISM IN U.S.A.

Grey River Argus, 5 March 1937, Page 9

OPTIMISM IN U.S.A.

UNION RECOGNITION Boom in Shares ROOSEVELT’S POLICY SELLING (Aus & N.Z. Cable Assn.) (Received March 4, 9.40 p.m.) WASHINGTON, March 4. On Wall Street to-day therp has been one of the most “bullish’’demonstrations in recent history. Stocks climbed over six points, Uns was the result of heavy buying by the public. The buying arose through growing optimism regarding the labour situation in the steel and other industries. , , , The share brokers also reported a large increase in foreign buying o American stocks. United States steel at 1-3, Allied Chemical 240, Chrysler 133 are among stocks making notable gains, although the share list as a whole has responded to the improvement. BIG ELECTRIC CORPORATION. RECOGNISING UNIONS. NEW YORK, March 4. It is announced that the General Electric Company have agreed to holo a collective bargarining conference with the United Electrical and Radio Workers, who are affiliated to the CIO on March 15, in order to establisli a formula for a national agreement on a wage policy, union recognition, and working conditions for the Company’s fifteen plants. There are approximately sixty thousand employees affected'. STEEL WORKERS’ ORGANISATION DRIVE. MONTREAL, March 4. Forty C. 1.0. organisers met in Pittsburg to plan a concerted drive in order to attain universal contract with all of the steel workers for one single huge industrial union, which would rival in size the United Mine Workers of America. The employed steel workers now total 550,000. ROOSEVELT’S COURT CAMPAIGN. NEW YORK, March 4. ( The New York “Times” Washington correspondent states: The belief that President Roosevelt is. likely to make a strong statement in support, of his Supreme Court proposals in his address to-night at the Democratic Party’s Victory Dinner, became general here, following on a conference between the President and the Congressional leaders.

It is indicated that his remarks tonight will be the preliminary to even a stronger defence of the proposals in a “Fireside Chat” broadcast arranged for Tuesday next, March 9. It is learned, however, that many advisers have urged Mr Roosevelt to avoid any reference to the Court at the Victory Dinner, owing to there being some opposition within the Democratic Party to the Court proposals. NEW FRISCO PORT STRIKE THREATENED. (Received March 4, 10 p.m.) SAN FRANCISCO,’March 4. A new tie-up of the port here was threatened, when Mr Plant, president of the Waterfront Employers’ Association, presented an ultimatum to the local Longshoremen’s Association that, unless work were resumed on the coastwise steamer Rochelle on Thursday morning, the employers would suspend their relations with the longshoremen, which would mean the closing of the port. The Rochelle has, been delayed since February 23, due to a jurisdictional dispute between the unions.