Show f HUSE HUGE HOUSING PUN PLAN STUDIED F Federal deral Loans to Industry t 4 e Also Contemplated by t Administration t. t W WASHINGTON March 29 A JP-A P A large scale large scale program to stimulate that tha branch of industry whose output is used for tor further production is being prepared by the administration Details likely will be announced within two or three weeks Included is a gigantic home renovation renovation renova tion and building project Federal loans to industry are contemplated Hugh S. S Johnson N R A has been mentioned to head the then program The program is said in authoritative tive quarters to be the governments government's s of oC argument recognition industry's that stimulation of or the capital goods industries furnishes the the major major opportunity opportunity for the absorption of or those re reo unemployed rath rather r than through either the called called so-called artificial absorption by lowering hours or the stimulation of the consumer consumer- g goods industries While legislation may maybe maybe be necessary it was 33 suggested in official of quarters that bills now before re congress provide the necessary authority authority au au- au in extending the powers of ot the Home Owners' Owners Loan corporation and of ot the home loan banks and the creation crea crear tio tion of of lending agencies either through the federal system or a new set of ot industrial banks Marriner S. S Eccles Ogden banker also alco has been devoting much of his time to the plan since he joined the treasury department as assistant to Secretary Henry Jr |