Show economic highlights th tart affect the III DIS il fier balli dividend checke mind nd tax lular of illy e ry Nat nathanal tanal and inte international I 1 leme inseparable from local belfor from tho the most remarkable lemar hablo tiling thing about the present congress la Is its lack liftik of oc remarkableness before it convened uie ole prediction was that Uw simply bo be an ocho echo of the with possibly a few falso notes to add interest nine geen thirty four la Is itter after all uio ole Y year rin in which all the representatives itt run for reelection r re election and norm ia ally 1 y thero there would bo be a lot of person at iolj fence building done in both houses but congress has beon been evan ev n moro more of a rubber stamp than wis waa forecast matters have reach altho point where lla iw doings out faldo ade of routine approval api of ono one Moo roosevelt sevelt measure or another arent oven even front page news the republican party has made only sporadic attempts to prepare for it has no general pro urd din d in 11 no outstanding national leader no unanimity of opinion among its members A largo large per ceni tago of republicans in both houses vote with tho the president bithe meaning of all this of course Is that most senators and representatives believe that the new deal taking it as a whole has the tha public confidence la Is 4 hlll abill popular they believe that to it t oppose it in a strenuous way la Is the equivalent of political suicide although practically all the republicans outside of the insurgent wing and many of the democrats ear it Is being carried too tar far that the experiments in various la instances are getting out of hand that some of the now new laws and bureaus are hampering not tor for awarding i tile tha progress of recovery the and tho the consumer Is a actie ease in point A definite feeling rowing that the big manu fac tiring industries are running ram pant bafit eo 60 far as prices are concern eon cern tad edana and are sticking the buyer good i and plenty costs costa have gone up appreciably faster than has the grage income but only a hand X of congressmen have had the atye to speak of this and what yve said id made a dent so bo far as general business Ls is conier concerned ned the most important law tocoma to L lamo como before congress in the nw ater future will probably bo a white house supported plan for revising the securities act A num bof IW 4 ot gravs grave errors were made in th the jcraft draft that became the law lam of at the last congress it Z wai designed to prevent prent the bell blagof dubious stocks and bonds b butas u teas matters turned out it pro baited the selling belling of the most foiest honest securities capitol has simply ceased to flow into in destries dust dus tries rles which sorely need it and araj entitled to it revision ot of the blu will probably include modification of the liability provisions and iund will tone it down generally so that lonest bonest businesses wishing ne new capital will have nothing to booti er when offering securities to thet ho public money Is a strange article the economist figures out what this monetary policy will do aud when it Is put into effect re butts are apt to be diametrically different Ut erent that Is truo true to an ex tent abitt of the roosevelt 69 59 cent do dollar 1 reason tor for creating tt it was to M boost commodity markets and strengthen the american position jn jB foreign trade w OFAs t 0 soon boon as mr roosevelt signed taft bill fireworks started in the alock and bond markets prices were generally up but tile the corn coin nudity nd ity maillet did not react accordingly 0 bingly lin I 1 gly and mccross the wa ter toy 1 the pound started to depie cepiel cl ati faster than the dollar in lon doft a dollar was wag still worth 61 oats caSt ts result ot at that was that k could buy gold there for hi f ship it to washington and sell lipor 35 a profit of 3 per cent afa a week at last reports tho the wt oat liners for america were solid lbook aj cd with gold freight tor for baie tere than two weeks in advance auch of the worlds supply of gold aae e out of at the treasuries of hoi d belgium switzerland and biily to the united states state france sent ent most of all francs wort orth li this Is exactly what the treasury Tiia sury wants so long as gold lows flows into the country there will 1 no difficulty in keeping the dollars exchange value down there 4 jo Wd danger anger that france however arill trill prohibit gold exports in that aso the american treasury will jobje bave to sell dollars to keep their ills ue down precisely as aa stock stack ul lulal t a re throw g groat great roat blocks shares on the open marlott marlo raar icet et to pre predate clate their value but the rnino problem of lethargic corn com city markets re remain malato to be bair continued to back page ECONOMIC highlights HIGHLIGHT 6 continued from page ono ed in spite of nil all tho the obstacles to bo be overcome the signs ot of bettor better business are growing more numerous A short time ago ono of tho the best of all ol of them appeared 11 at tho 10 kotc report on mail order sales bales k Is a surefire sure fire barometer of tho rural purse sears roebuck showed allowed 30 per cent improvement over tho the lost last year and montgomery ward 45 per cont cent wards retail stores ope operated ratel in largo and medium sized cities were up 21 per cent its ita maff order department which the tha very tory small town and the tarm farm was waa 80 per cent ahead theres hardly on an industry that feeling the tha change the tor rifle jump in automobile business Is responsible for much of tho the botter betterment ter ment inasmuch as it a thousand othir other industries contribute to the making selling belling repairing and servicing of ears cara the department stores aro are likewise doing much bettor better |