Show president hoovers hoover s new finance program spreads cheer over the united stales states A new note of cheer was sent reverberating through the business world yesterday by a variety of developments says press reports president hoover began a series of confer enczi with congressional leaders lankers tankers and real estate men to map out a constructive pro gram to aid ald american finance and business by bringing together private capital and a liberalized government cooperation the prest dent deat hopes to case oase credits and put into use many of the now frozen by the un usual condi conditions of recent industrial inactivity the news was greeted by one of the i swiftest advances on the new york stock exchange in recent years gains averaging well over 5 points were made by stocks some of them surged up 15 points shares were traded in blocks of 1000 to the turnover exceeded shares A general motors official announced his cor horation po ration ioa will employ as many my men in the next four months as they have in the last eight he predicted the automobile auto mobila industry could ex hect the first half of 1932 to show improvement over the first half of 1931 gerard swope president of general electric company offered to his employed emp loyes a plan which will ivill pre trent further layoffs without compensation and insure each shop worker at least 15 a week in wages for the next six months |