The Waterbury Democrat., 1933-12-15
Market Sustained Losses in the Trading
Codes Just Passed
 Assure Fair Trade
Twenty-One Codes Recently Approved By the Presi-
 dent Expected to Benefit Many Thousands

Washington, Dec 15.-Several of the country's largest industries are confidently expected by their man. ngementS and their many thous- nnds of stockholders and employees to be benefited through recent presidential approval of 21 addi- tional codes of fair competition. The code of the gigantic motion picture industry, product of sev- eral months of intensive study and negotiation, provides for substan- tial increase in the pay of all persons employed. The best avail able statistics indicate that in the production end of the trade salaries and employment will be increased beyond the peak figures of 1929, with proportionate increases in both the distribution and exhibi- tion fields. The maximum week is 40 hours, but the code provides q 36.hour week for the majority of laboring classifications.
 The movie" code goes deep in- to the problems of fair-trade prac- tices, many of which are said to have hampered development of the industry since its beginning. It establishes 3 mediums for settle ment of disputes between the 5 component parts. Beneath the code authority there are established arbitration boards and clearance and zoning boards throughout the country. The code authority also serves as court of appeals from decisions of these boards. Sitting on the code authority in represen- tation. of the government, without vote but with veto power, will be A. Laurence Lowell, former presi- dent of Harvard. Two other MIRA members are yet to be announced. The functions of Marie Dressler and Eddie Cantor will be to act on questions affecting the inter- csts of actors, either directly or indirectly. Chorus girls and extras are to benefit materially in salary increases and working conditions. Methods of allocating films for in- dependent theaters, despite the fact that courts have upheld the legality of the system Of block booking" have been given special consider ation. Exhibitors have the right of rejecting a minimum of 10 per cent of all pictures contracted for without charge.
 Trade practices provided for in the radio- -broadcasting code as ap- proved are unusual No broadcaster or network may claim for it's serv- ices a character, scope, or quality which cannot be substantiated. Broadcasters and networks must file with the code authority schedule of all rates. They cannot defame or disparge Q competitor, even indirectly. No executive or performer can accept money money or q gift from a music publisher nor advertise a lottery or gift en- terprise or similar scheme.
 Within 90 days the investment bankers of America must file with MIA list of fair practice provi- siors, according to the code for that industry just approved. A national committee of 22 investment bank CTS is now at work on this im- portant task, aided by IT regional group ch3irmen, under the board Of governors of the Investment Bankers association of America. Invitations have been sent to state security commissioners and others to collaborate. General Johnson stated in his submission of the code to the president that it is the purpose to propose for presid ential approval trade practices which will assure the operation of the code and will place the investment banking business on far sounder and fairer basis than 1t has been in the past"
 A 40-per cent payroll increase will result in the cement indus try as a result of reduction in hours from 56 to 40 per week, under the cement code just approved. A pay roll increase of $500,000 per year and jobs for 6000 is permitted un- der the gas appliance industry's code, also approved. Twenty-Five per cent in workers and also 25 per cent in wages result from ap- proval of the cigar container indus- try's code.