N.R.A. SETBACKS

Northern Advocate, 22 March 1934, Page 6

N.R.A. SETBACKS

MOTOR STRIKE CALL i BRIEF POSTPONEMENT. OONFERENCE ARRANGED. APPROVAL OF GRAIN CODE. (United Press Association —By Electric Telegraph.—Copyright. ) (Received 9 a.m.) AVASHINGTON, March 20. The Avorkers in the motor industry, through the representatives of the American Federation of Labour, have agreed to confer with President Roosevelt and have postponed the call for a strike until Friday morning. A code of fair competition for the grain exchanges, after lengthy negotiations, Avas approved today toy President Roosevelt. The code seeks principally to prevent extreme market fluctuations by a continuance of the present daily limits. it is considerably less stringent than Avas desired by the more radical members of the Department of Agriculture and is regarded as a Adctory for highly speculative markets, such as the Chicago Board of Trade. TRADE MORATORIUM. CREDITORS MUST AVAIT. NO LEVY ON MATERIAL. FARM EVICTIONS BANNED. (Received 9 a.m.) BISMARK (N. Dakota), March 20. Governor Lunger today proclaimed a moratorium on the obligations of businessmen to their creditors. The moratorium, which will expire on •Inly 15, declares that it is unlaAvfnl to levy upon or attack for debt any stock, merchandise, shop, equipment, furniture or fixtures. The Governor also declared it unlaAvful to oust the owner from a farm until he had “full opportunity to secure the benefit of the Act of Congress relating to re-financing farms. ’ ’