Stabilising U.S. Industry

Manawatu Times, Volume LIV, Issue 7240, 21 August 1933, Page 7

Stabilising U.S. Industry

Progress in Formulation of Codes DRESSMAKERS’ STRIKE ENDS United Press Association —By Electric Telegraph—Copyright. Receivod Monday, 12.15 n.m. WASHINGTON, Aug. 19. President Koosevolt to-day signed the lumber code. This was expected to lead off a mass movement of industrial codes, with the steel and oil agreements being a matter of only hours. The steel codo was agreed upon in the main by that industry’s leaders and N.R.A. officials, and awaited only adjustment of a few minor details. The oil code, with the Government and petroleum entrepreneurs still in a deadlock over the question of fuel price-fixing, is expected to bo on the N.R.A. formula, since tho oil operators had announced they could not agree and turned tho responsibility of their] industry’s codification over to the Go*' vernment. Tho coal codd is far from formulated. Tho mine operators continue apparently miles apart on practically every proposal, but although Senator Johnson delivered an ultimatum that the code must bo ready to-day, he relented and intimated that the conferees have till next week. Among tho minor, though interesting, industries whoso codes also received the President’s signature today, were fishing tackle and photographic supplies manufacturers. The dressmakers’ strike in New York ended to-day with tho introduction of a sliding wage scale satisfactory to the contractors and workers. Mr Forbes Has Faith In Reconstruction Programme N.Z. PRIME MINISTER GUEST AT OFFICIAL BANQUET Received Sunday, 7 p.m. BOSTON, Aug. 18. Confidence that President Roosevelt’s programme for reconstruction will lead the Unitod States, and with it the rest of the world, to prosperity, was expressed on Friday night by Mr. Forbes. “President Roosevelt,’’ he said, “is a man engaged in a great mission and I am confident that his programme of reconstruction will be successful in returning prosperity to the United States and with it tho remainder of tho civilised world.’’ Mr. Forbes was the guest of honour at an official banquet tendered by the Mayor (Mr. James Curley). Mr Roosevelt Takes Strong Stand in Motor Industry PARTIES GIVEN 24 HOURS TO ACCEPT Received Sunday, 7 p.m. WASHINGTON, Aug. 19. Senator Johnson, at tho hearing of an important code for tho automobile industry, by inference warned Mr Ford that he must subscribe to the provisions of the National Recovery Act or suffer the designation of a non-co-op-erator in tho Administration’s industrial recovery plans. Mr Ford has so far ignored the National Recovery Act and has indicated he is opposed to its basic principles of the Government’s participation in business. National Recovery Act officials are adamant on tho principle that labour must be allowed the privilege of collective bargaining and to join such labour organisations a 3 they wish and not necessarily tho so-called company unions. As an indication of the strong position Mr Roosevelt is taking at the failure of tho petroleum industry to reach an agreement, he revised the code, providing for modified price-fix-ing, production control and submitted it to tho operators for acceptance within 24 hours, the rejection of which might lead to Government licensing of the entire industry.