Salt Lake Telegram | 1933-10-19 | Page 1 | U. S. Will Try Trade Control

U. U S. S WILL TRY TRADE CONTROL Orders Forbid Opening New Cotton Mills Mills' Without Federal Okeh Dr Dy AI I WASHINGTON Oct 19 DrastIc Dr Drastic application of ot the industrial control principle to everyday trade is under underway underway underway way with cotton textiles the trying ground of the experiment From Front now on no man may start a anew anew I new jew cotton mill without approval of Hugh S. S Johnson after a committee of f cotton men which supervise the industry's code has made Not only that but no mill owner may increase his productive machinery without the same approval Johnson approved regulations to this his effect yesterday while President Roosevelt loosevelt and his recovery aides worked hours over price policies for stores The presidents president's decision on the retail issue was mot expected before tomorrow interpret the regulations as c cling ing cotton textiles to newcomers except through purchase of existing interests and say it means production may be kept to market markel demand It is a far cry officials recognize from rom the day when any man could set ct himself up to do almost anything hc ic had a mind mina to But this new order they say y is fundamental if It the ruin of 01 plenty which has engulfed the country is to tobe tobe be je controlled and if planning is to take ake the place of ot industrial anarchy The only thing yet done comparable with the v nc new regulations is the pro pro- luction allocation established 1 by y the federal government over the oil in- in in- in