DRAMATIC ACTION

New Zealand Herald, Volume LXX, Issue 21554, 27 July 1933, Page 9

DRAMATIC ACTION

NEW FRENCH TARIFF MOVE AGAINST AMERICA INCREASE IN DUTIES MANY NOW PROHIBITIVE 810 TRADE AFFECTED By TclcKrnph—Press Association—Copyright (Received July 26. 5.5 p.m.) PAIUS. July 25 The French Government has dramatically increased the duties on GO branches of American imports to France by ,amounts some of which reach 800 per cent. The question has been raised whether this is a breach of the tariff truce and the beginning of a great trade war. Tho American commercial attache in Paris states that millions of dollars worth of American exports will bo affected by the new tariff, which in many instances becomes prohibitive. Hie first notification of tho increases was given in a journal which circulates among customs officials. It is 'understood that tho increases are intended fo counter tho heavy fall of the dollar. NO LONGER ON TRIAL MR. ROOSEVELT'S POLICY ' GREAT ISSUES AT STAKE (Received July 2G, 6.5 p.m.) Times Cable LONDON, July 2G Tho Times, in a leading article, says President .Roosevelt no longer is on trial, for he has given his best. The eyes of the world are turned on the whole American people. There is much more at stake than the immediate well-being of America. Tho failure of tho American experiment would amount to universal disaster and its progress should be watched with deep and friendly interest. PRESIDENT'S APPEAL CREATION OF EMPLOYMENT BIG SPONTANEOUS RESPONSE WASHINGTON, July 25 A flood of telegraphed pledges answered President Roosevelt's appeal to the industries in the United States for the immediate enrolment of all employers under a " blanket " agreement to raise wages and create new employment. A White House official to-day said it was the greatest spontaneous outburst that had greeted any of the President's utterances.

PRICES OF WHEAT LIMITING FLUCTUATIONS STOCKBROKERS' HOURS WASHINGTON. July 25 The farm administrators and representatives of the United States grain exchanges to-day agreed tentatively to limit the fluctuations in prices on wheat and other grains to five cents a bushel as a permanent policy. The directors of the New York Stock Exchange, after the close of to-dav's abbreviated session, announced that until further notice the trading hours would be from 11 a.m. to 2 p.m., and that there would be no session next Saturday.