Show WEEKLY ANALYSIS HY BY JOSE JOSEPH 1111 LWE lawne dutch belgian algian arbitration bid lost in beer hall excitement fear of nazi invasion mounts it EDITORS NOTE when opinions are arc expressed in these columns they are arc those of 0 tile the news analyst and not necessarily of this newspaper by western newspaper union k Y T STEEL MILLS BLOSSOM IlLOS SOM AT GARY IND sono soine industries expand neutrality stifles others TRADE INDUSTRY repeal of tile U S arms embargo which keeps american ships out ol of combat zones and allows belligerents cash ond and carry rights not only set off a partial business boom at homo home but also brought major repercussions cus cuss lons in world diplomatic trade and maritime circles A survey by the northwestern national life insurance company showed luxury and semi luxury goods began moving swiftly in september but federal works administrator john carmody spiked any boom hopes only of the unemployed can expect now new jobs thoro thera was cautious expansion in U S industry where building awards for october totaled against a year ago many firms announced stock dividends payable in december railroads which coupled their expansion with a plea that they might bo be permitted to operate without government interference in times of emergency were offered d a new recovery program by jesso jesse jones federal loan administrator to r this plan used first by the boston and maine line c calls a I 1 I 1 s f for 0 r postponing debt payments an and reducing an MAX TRUITT nual In interest teresi completely sound charges through a refunding process to be financed by reconstruction F finance corporation the government restricted foreign commerce in quarters and expanded banded it in others approved was a 0 now reciprocal trade pact with venezuela freezing tariff schedules on exports ol of wheat flour oatmeal lard and lumber in return the U S will reduce import taxes 50 per cent on venezuelan crudo crude petroleum meanwhile on an inter tion squabble flared over the U S maritime comm commissions I 1 s sl on I 1 s t transfer rans IC r oi ot more mora than 40 ships to foreign registry as a means ot of avoiding the ban on american shipping in belligerent zones secretary of state cordell hull objected not because the step was illegal egal but because it would violate the integrity and spirit of tile the neutrality law commented maritime commissioner max orell truitt 1 I dont seo any element of a dodge at all i I 1 think its a completely sound bona fide situation all around president roosevelt finally decided against the transfer promising to change his mind later if tension eased meanwhile C 1 I 0 s maritime union estimated 1 U S seamen were thrown out of work by the neutrality provision la banning tinning nationals from combat zones at washington t tc president consulted A A F 0 of Ls Is greets green ami nd C 1 0 s john lewis letris on this problem also discussing the chances jor for labor peace trade with belligerents zoomed evert even switzerland minus a navy chartered two ships the state department part ment warned shippers to demand cash from their foreign customers and the cosh cash was apparently forthcoming because britaina Brit ains parliament rushed through a billion dollar dolla r fund to carry on the war |