AMERICAN PLAN
PRICES AND EMPLOYMENT PROCRESS SATISFIES PRESIDENT, HOURS AND WAGES FAVOURABLE By Telegraph—Press Assn. —Copyright WASHINGTON, November 2. President Roosevelt In the midst of the developing criticism of the N.R.A. to-day made it clear that he felt that the recovery programme was progressing in both its price-raising and re-employment phases, the secretary, Mr Perkins, having reported to him that the average hourly wages had risen from 43 cents to 51 cents, while the average hourly work-week had declined from 42 hours to 36 hours. The latest charts indicated that the prices farmers received for their products had increased from the index figure of 40 in the spring to 52 on October 11, while the prices paid Iw farmers increased from 68 to 77. The index figures are based on the level of 1926 with 100 the parity. GOLD PURCHASE ABROAD. WASHINGTON, November 1 Mr Jesse Jones, chairman of the Reconstruction Finance Corporation, announced to-night that the corporation would begin the purchase of gold in foreign markets on Thursday on behalf of the Government.
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Bibliographic details
Hawke's Bay Tribune, Volume XXIII, Issue 275, 3 November 1933, Page 7
Word Count
174AMERICAN PLAN Hawke's Bay Tribune, Volume XXIII, Issue 275, 3 November 1933, Page 7
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