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Show RY' Economic Highlights , . . industrial News Review Happening that Affect the Dinner Vails, Dividend Checks and Tax o.ir. puis of Every Individual. National, Nation-al, al and International Problems In-" In-" separable from Local Welfare. oOo ' Ever since March 4, things have -1(, been humming at Washington, and of late there has been a noticeable acceleration. ac-celeration. President Roosevelt des-cribedi des-cribedi one of his late weeks as being "f: the most exhaustive since he took of-- of-- 2i flee. The strain, of course, is mental Jj' as Well as physical he has an army 0f advisors but he must make the last 5 decision in every case and will get the blame if it is wrong. A recent week went something like this: Dispatched warships to Cuba and withdrew them v when need had passed. Speeded re-, re-, 'overy program and approved steel, "S oil and lumber industries' codes. Ap-"am- proved a number of farm relief plans 2 si and worked on details of paying bene-loo!) bene-loo!) fits to farmers reducing cotton crops. 50 )( Got public works program moving Tir.ore smoothly and rapidly. Decided to abandon several army posts in in-5terest in-5terest 0f economy. Made important te a diplomatic appointments. Held confer-i confer-i be ' ences on possibilities for inflation, and. studied economic trends. Made plans for extending Civilian Conserva-A Conserva-A tion corps throughout the winter. Ar-CJ.u:i Ar-CJ.u:i ranged for opening negotiations with 11 'S "Latin American countries on recipro- - , n tariff agreements. In addition the 'president must make innumerable less important decisions, meet many callers, call-ers, go through a stiff and unavoidable unavoid-able routine that is part of the chief ! 7? executive's job. Most encouraging re-, t cent governmental achievement is completion of the steel and oil codes. Both have had thorny going; many steel and oil men have been recalcitrant, recalci-trant, glum, non-cooperative. General cs al Jdmson has become puffy-eyed and k the weary from struggling with them. Labor Finally he got steel leaders into a room, kept them there for 12 hours drive with hardly an intermission; almost vitt literally tore an agreement out of extra them. Their demand for an op-"n shop ss of was defeated. Main provisions' are 40-o 40-o Ex- hour week, which may be extended to riies 48 hours at seasonal peaks; a mini-: mini-: you mum of 40-cents-an-hour wage ; an trout eight-hour day after November 1 if ound the industry is operating at 60 or more per cent of capacity. The code is in- represents a middle ground; the gov-need gov-need ernment wanted more than it got, and sur- the industry wanted to give less than cost it finally did. Chief oil code difficulty alow- was over price-fixing. One group stoue wanted it all the way from the well to the gasoline tank; another oppos- 1 ed complete price-fixing, and simply JS ' wanted a stipulation to prevent selling sell-ing at below cost. No amount of argu-'iffi argu-'iffi ment could bring agreement. General Johnson finally handed them a code P prepared by Secretary Ickes and James Moffett, ex-vice-president of the Standard Oil of New Jersey. There will be a 40-hour-week at 40 cents to per hour. The president has the pow- : er to fix for 90 days a minimum gaso-jL gaso-jL ' line price. He is likewise to appoint a i committee of 15 to consider the price f . i question, and to make recommenda- 6 j tions to the states concerning oil reg-, reg-, ulation. Principal code problems left - ; are soft coal and automobiles. Groups within each industry have been as far J apart as the poles. (Continued on last page) parment of commerce, which detail; conditions into the first three week; of July, is very encouraging. Price: have continued to move upward. Foreign For-eign trade: showed a substantial in. crease. Freight car loadings, on the whole, expanded steadily. Automobilt production continued its contraseason. I al rise. Stimulation was felt in th chemical group. I Lconomic Highlights I (Continued from page 1) The resignation of Chief Braintrust-er Braintrust-er Raymond Moley must be classified I as one of the most dramatic of recent ! Washington events, but there's no particular par-ticular surprise element in it. Friction Fric-tion between Mr. Moley and his chief, Secretary Hull, had grown to great size. Breaking point was the world economic conference, where Mr. Moley seized the spotlight, made statements which were entirely at odds with the viewpoint of Mr. Hull. Political com- mentators began forecasting the eventual even-tual resignation of one or the other then; a good many thought that Mr. Hull would be one to use the exit. He probably would have, had not Mr. Moley sent in his resignation. Mr. Mo-ley's Mo-ley's next job will be to edit a new weekly magazine which will be principally prin-cipally dedicated to analyzing, explaining ex-plaining and furthering Roosevelt policies. oOo During recent, weeks there has been observable a slight let-down in general gener-al business. It's nothing to get excited about, however, and is much less intense in-tense than the customary seasonal drop. Best late progress has been nade in promoting employment, due both to increased industrial activity and the N. R. A. drive. Secretary of Labor Perkins announced that 1,100,-000 1,100,-000 industrial workers obtained jobs between March 4 and the middle of August. Four hundred thousand new factory jobs appeared in July. During May and June the number of families receiving public charity dropped from 1,222,000 to 3,745,000. Employment is about 21 per cent greater now than last year at this time. Only major industrial in-dustrial group to show decrease is tobacco to-bacco manufacturers. The last survey )f current business issued by the de- |