Show economic high lif gats that affat lh the wener miner 7 inlet 1111 dividend checke na T tx jj of every erry la and nd ab awo from 11 welfare 1 the darrow report on codee liaa has been received with wide dl Tice nee of opinion opponents ot of the administration have been saying that it Is tho the final straw that it will blow the root oft off the recovery program and show it up completely that true defenders of the administration have been trying co laugh tho the report off saying that it mean a thing Is of no ri importance whatsoever that ian I 1 truo true either ono thing the darrow report hog has ilono done Is to concentrate interest on a problem that has been looming larger and larger of late the in flaonce of the codos codes m m the small units within an industry little stores little manufacturing plants little distributors of all kinds of commodities the report says aada briefly that the codes threaten the business bu alnesa with extension give big business us all the breaks and that monopolies aro ar growing in strength by bv leaps and bounds all but ono one member 0 of the consumers commission 0 which mr darrow headed agreed with that then ithen mr darrow and one othor other member tiled filed a separate report even more sensational than tho the main report in it mr air I 1 darrow says that we have a choice i between fascism and socialism that the suspension of such euch public I 1 safeguards a fe guards aa a a tho the antitrust laws anro re inimical to the interest of the consumer and the average siv orage bust esaman to mr darrows Dar rowa personal opinion la Is that there should be government ownership ot of basic resources resource ho he has haa always tended Itron strongly gly to the socialist viewpoint general johnson made the expected answer said that the dar row board should bo be disbanded it was duo to automatically expire within two weeks that the dar row criticism was carping and un just much more convincing wag the answer of the chief coun sol eel who pointed out that mr darrow had kept to generalizations zat ions had cited few specific items of abuses and had offered j nothing that could be called oon tive criticism the effect of tho the report will doubtless be to hasten revision ofa ot the setup set sot up particularly in the matter of code price fixing it la Is known that mr roosevelt lias liaa been studying changes for some a time i some som observers likewise bolletto belll that general johnson la Is due for oblivion he Is energetic j courageous but ho he has offender offended i too many including mg shot newspapermen whose friend liness the administration needs j doo main alain problem of industry changed the past few weaks and that problem la Is strikes tes activities in toledo whore where tho the national guard was called out several men mea killed and many badly injured have stun atun nod ned the public at this writing j pacific coast commerce is tied up solid with tho the longshore mens and Isear i strike 4 outside of this I 1 I 1 little that la Is especially noteworthy HOB has happened to industry A brief review follows steer STEEL production has increased recently touching 69 59 pr per cent of capacity industry believes bello voa that summer seasonal trends will forcel furco a slackening alack enang toon soon MOTORS IlD beginning gInning in late AP aal ill a decline in production began and it has continued late lata weekly report show a arp of units from preceding week three corn com pallies out of 13 showed slight alight gain 1 on may alay 4 load ings inga were almost altti oat over saino balno period last avar A slight alight decline la Is appearing but the post doal of the rails remains corapara cor com apara lively good COMMODITY recently the wholesale tale commodity level ayour touched the highest mark of the beur A steady slow advance su j COAL production though tending downward Is much heavier than i in the previous two years securities the acock stoc k market has been generally quiet with few changes change 9 from the tha level reached last march recently average CM cas have fallen with L 1 CM cas fallen with L tsa u lone holding their ground average bond prices have likewise been I 1 TRADE A rather sharp drop has occurred in this field latest official data indicates that the decline la 14 greater than seasonal experience would have indicated GENERAL BUSINESS INDEX during most of this year the rise lias has been greater thau seasonal part of that improvement has been lost through late declines but the index Is sill far ahead of last year ye ar POLITICAL NOTE the lains are keeping eagle eyes on the he literary digests Dix ests latest poll which Is 13 to determine virlie whether ther tho the public still has faith I 1 in the roosevelt poll policies clog in general in pi polls the digest has ha 3 been so astonishingly accurate that somo some wits have suggested calling off elections as aa an economy noa mea sure gure and abiding by digest returns so far the present pre sent poll pall allows a 0 strong olt he ds evon even carrying pennsylvania haven of republicans and the only large larga state carried by hoover in 1932 however lilg ills majority which was 2 to 1 in early returns la Is dropping and la is now closer to a 3 to 2 |