Show ec economic V V I 1 T 1 a that affect aff t th aho dinner 11 ill Di dividend chek check haid d tax of every In individual dildo N 11 1 1 and itt it international t I 1 arob legua I 1 inseparable atrom cotal welfare the most remarkable thing about tile the present congress Is its lack ot of remarkableness remarkable nesA before it convened the prediction was that it would simply he be an echo ot of the president n with possibly a a few false notes to add interest nine teen thirty tour four Is after all the year in which all the representatives run for reelection re election and normally there would be a lot of personal fence building done I 1 in n both houses but congress has been even more of a rubber stamp than was forecast matters have reached the point where its doings out side of oe routine approval of one roosevelt measure or another arent eve even front page news the republican party has made only sporadic attempts to prepare tor for elections it has no general program no outstanding national leader no unanimity of opinion among its members A large percentage of republicans la in both houses vote with the president the meaning or of all this of course Is that most senators and representatives beliew believe that the new deal taking it as a whole still has the public confidence Is still popular they believe that to oppose it in a strenuous way Is the equivalent of political suicide although practically all the republicans outside of the insurgent wing and many ot of the democrats fear it Is being carried too far that the experiments in various instances are getting out of hand that some of the new laws and bureaus are hampering not forwarding the progress of recovery the and the consumer Is a case in point A definite feelen feeling 9 Is growing that the big manu manutau fac turing industries are running rampant so tap far as prices are concerned and are sticking the buyer good and plenty costs costa have gone up appreciably faster than has tile the average a income but only a handful of congressmen have had the nervo nerve to speak of this and what said madea dent so far fai as s gheral general buga business Ls is concerned the most important law to come before congress in the near future will probably be a white house supported plan tor for revising the securities act A number ot of grave errors wore were made in the draft that became the law 0 of the land at the last congress it was designed to prevent the sell ing of dubious stocks and bonds but as matters turned out it prevented the selling of the most honest securities capitol has simply ceased to flow into industries dus tries which sorely need it and are entitled to it revision of the bill will probably include modification of the liability provisions and will tone it down generally so that honest businesses wishing now new capital will have nothing to tear fear when offering ott ering securities to the public money Is a strange article the economist figures out what this or that monetary policy will do and when it Is put into effect results are apt to be diametrically different that la is true to an extent of the roosevelt 69 59 cent dollar reason tor for creating it was wa B to boost commodity markets and strengthen the american position in foreign trade As soon as mr roosevelt signed the bill fireworks started in the stock and bond markets prices were generally up but the commodity market did not react accordingly and mccross the water the pound started to depie cl ate faster than the dollar in london a dollar was still worth 61 cents result of that was that banks could buy gold there tor for 34 ship it to washington and sell it tor for 35 a profit ot of 3 per cent in a week at last reports tha fast liners for america were solidly booked with gold freight tor for more than two weeks in advance much ot of the worlds supply ot of gold came out ot of the treasuries ot of holland belgium switzerland and italy to the united states france sent most ot of all francs worth this is exactly what the treasury wants so long as gold flows idao the country there will be no difficulty in keeping the dollars exchange value down there la is danger that france however will prohibit gold exports in that case the american treasury will have to sell dollars to keep their value down precisely as aa stock manipulators throw great blocks of shares on the open marlat to depree depreciate late their value dut but the burning problem of lethargic corn com modify markets remain to be solved in spite of all the obstacles to continued to back page ECONOMIC highlights continued from page ono ona be overcome the signs ot of better Vu business siness are ara growing more numerous 0 u a A short time ago one ot of tile host best ot of all ot of them appeared the report on mail order sales bales which Is a surefire sure fire tire barometer ot of tile the rural purse sears showed 30 per cent improvement over tho the last year and montgomery ward 46 45 per cent wards retail stores operated in largo and medium 11 iced cities were up 21 per cent its mall mail order dep department artmont which serves the very small town and the farm was so 80 per cent ab ahead ead theres hardly an industry that feeling the change the tor ter rifle ride jump in automobile business bual noss Is responsible tor for much ot of tho the betterment ter ment inasmuch as a thousand other industries contribute to the making selling belling repairing and servicing ot of cars tho the department stores tiro aro likewise doing much better |