The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1934-04-06
POWER
\ LABOR Up,
SHOWS
Element Not Bene-
h, So Much By The
Recovery Program
|IEVE UPTREND
IS STILL MAINTAINED
p, c. c. NICoLET
Pes, Staff Correspondent

,.3P,s,s Staff Correspondent
L,uyGTON. April 6. (UP(
4. ' SS"ba'anced picture of rapid
.,rs~ept in the mass buying
n labor while farm pur-
:, power still shows a down
,rs9d was presented by
..-~sr, statistics made pub
Yesterday.
..,rr pavrolls for February
new high for the recovery
and the Improvement over
m was the greatest on rec
:, 4 single month. lndlca-
are that the upward move
continued in March
I, ne index of farm prices
| he week ended March q,
|~resd BY the agriculture de-
f~sr,. was IS compared to rs
; Vsr,h IA. and the index of
l. Yaid By farmers was up
4 p5int at l20. Wholesale
Fno6i,y prices dropped one
Il Of one percent to 1874 per
in the week ended March
|.oegh these figures show that
h As a group is still benefit
! more than agriculture as a
kuO under the recovery pro-
Il. the lack of balance is not
ksSarily dicOuraging. Stats
] show that farm prices invar-
h follow closely behind labor
|ng power I'D or down.
Ehen labor has money the
! ner benefits. Administration
|sryers hope to see the farm
| s index move upward soon in
|olse 70 the increase in en-
|Emsn.. Anti-adminiStr a t 10 n
(erts, however. believe that the
Eirg Of the Civil Works pro-
b. will more than cOunteract
Industrial Improvement and
f.. no significant rise in
T. prices.
Pie February factory payroll
|, over January was y per
p The gain in number of
!NnS employed was 6 per
E Payroll and employment
ices rose to l3l levels.
|hcreaSing automobile output
sales contributed Substanti-
; TO the gain, the commerce
fattment reported. February
[all automobile sales were dou-
hose in January. Continu-
Improvement was forecast in
Ports to the Atlantic States
Lppers Advisory Board in Bal
pore, 4 33.7 per cent increase
automobile tonnage shipments
a 80 per cent rise in iron
I STEEL shipments in the next
re months were forecast.
renewed threats of strikes in
automobile industry brought
~ fear that this forecast
S| he Oyer-Optimistic, how
81 The threats alarmed Re-
'sty Administrator Johnson so
-. .: mat he ordered his labor
. y, Edward F. McGrady, to
.s tor Detroit Yesterday af-
,rUOA 70 meet labor leaders.
'Ie mediation board, set up
49,; ,.s automobile agreement ne
Il, ,.S'el with President Roose-
49,. ala recently. is working so
IVY. % ma, az, the workers are again
"a S''sd' reports here indi-
'Js Unions fear that before
> ooa'o can be of much value
\ , r;, me peak production sea-
i, W. nave passed. That will
~, 81 automatic drop in en-
$500 Yesterdays news was
|usr ISsd on Capitol Hill, with
mo-. LGaZ having another of his
att;,s s'olS days and the house
nm ready to chase Reds by
s 1,.ag DR.. William A. Writ
i,t ssss tuesday to tell a COM
D,,i,., winch brain trusters are
TIs revolution.
,rpos.. reconstruction Finance
Sbp,,,-'" announced that its
FSssnents since organization
= I; SI SS6 1882, are almost at
! s sS,!O 100000 mark. Loans
s5T T-SG ices authorized amount
rseroo ,-,O5V, $50, but actual dis
D uSnts are only $4,000, 500
3 ono epaymeuts total S1,291,-
3 ON NFC authorized a &c.
vs.i Him. loan to the second ex-
? n IMPORT bank to finance sill
.ba,' purchases for shipment to
;ew V one General Cummings
I 5o Gal a gentle hint to income
tsr 9users to offer settlements
mt. I generous to the govern,
i ls,, he announced that sew.
D se etEe taxpayers had Offered
aaitv, ''f s.n with so per cent
ICy interest oF III. -,