Show I THE TIlE DAILY DAIL NEW YORK TORK YORKI F I Fina Financial tt Whirligig ir I Written for o The n Telegram J By JAMES Mc McMULLIN NEW YORK YORK New New Yorks York's deal G. G H. H Q is feeling perked up these days thank you Its confidential scouts announce more of a national reaction against airmail contract cancellation cancellation can can- than on any other administration move to date Plenty of public sentiment still backs the president but the committee on hostilities can report progress S SAnd And G. G H. H Q has a couple more tricks up its sleeve It expects to cash in heavily on farm disaffection traceable to the Bankhead cotton quota plan Also it hopes to get somewhere somewhere somewhere some some- where with a pub publicity city campaign against di direct direct direct di- di government credits to business You'll be encouraged to o ca call l that either fascism o or communism com corn whichever whichever you dislike the themore more The biggest break of all aU is in sight when the president asks for authority to negotiate these tariff trade agreements single That's when the toms tom will beat in earnest The tactics will be a flank attack on public opinion through inspired news st stories and d comments com corn ments not ments-not not a direct assault o on congress ss o or the president S The Less Bitter Pill Local insiders credit General Johnson with cagey strategy in his opposition to the hour 30 week bill now before congress The net result is expected to be general industrial acceptance of the hour 36 week The general you see will have shown himself himself him him- self the staunch friend of the industrialists by defending them against destructive legisla tion Therefore many of them will follow his recommendation to to be madea made a little l later and later and reduce hours from 40 to 36 to save themselves from the worse alternative Of course there will be conscientious objectors but the pressure of public opinion is counted on to force them into line The need for a shorter work week to take up unemployment slack is vividly shown in New York state factory employment figures for January They dropped more than seasonally below December and amount still to only per cent of the theoretical theoretic l normal That leaves a broad gap to cover especially with the forthcoming forth fort coming decline in government spending Experts Experts Experts Ex Ex- Ex- Ex agree distribution on of work and shorter hours is the only answer Utilities Watch Lehman Local utility men are convinced that Governor Gover Gover- nor Lehman is acting as the presidents president's stalking horse with his drastic program for New York state utilities Those with properties in other states are as vitally concerned about what happens happens happens hap hap- pens at Albany as Niagara Hudson and Consolidated Consolidated Con Con- Gas themselves They reg regard rd the Lehman policies policies policies-if if they go through successfully successful successful- ly as ly as a prelude to like action everywhere else Hence the exceptionally open and desperate fight against the Lehman measures Every po political po- po wire inside inside and outside outside outside-is is wire being pulled to block them but political experts ts here say say they still have more than a faint chance oi ot passage Many leading New York state Republicans Republicans are opposed but dont don't dare make a party issue of it Guillotine for Salaries Utility executives are wondering how soon the government ax is going to 10 fall on their plump and pleasant salaries They expect to tobe tobe tobe be forced to the scale down scale path as railway and bank heads were before them American Telephone which Telephone which has ducked most utility restrictions rings restrictions rings in heavily on this picture Walter Giffords Gifford's is just about tops in American industry today Altogether Altogether Altogether Alto Alto- gether A. A T. T T. T has no less than executives executives executives tives get getting ing more than a ye year year many many r-many many of them in posts of minor responsibility Utility executive salaries have been more or Ie less covered covered cov coy ered up in the past by the practice of splitting any one oft officers officer s remuneration among several different companies Officers often benefited also from directors' directors fees ees paid by subsidiaries But the government nt 1 is on to this now No legislation was necessary to get results from th the thC railroads ds and banks and probably none non will be here when Washington really tackles the question Executives in other br branches branches' of ind industry stry are fearful that in due course the earthquake will reach them too How About Used Razor Rasor Blades Competition for new ni business among New York life lire insurance com companies anies is so bitter nowadays nowadays nowadays now now- that agents are Inducing prospects to exchange exchange exchange ex ex- ex- ex change old radios anc am and automobiles for an insurance in insurance in in- policy In one Decent case the insurance company closed H a deal dalby by all allowing wing a larger amount for foran foran foran an ol old Ford than hn h n the seller could have obtained under the rigid second hand ep hand nd-hand car code That took care of th the initial payment on the policy and the next three premiums a aYou You can expect a an amendment to the Fletcher Fletch- Fletch er- er Rayburn er-Rayburn b bin bill ll to make stock market margins I flexible between betwee 40 and 70 10 per cent ent u. u e |