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1933-06-29 [P ] WEATHER. (0. S. Weather Bureau l"orecast.) The only evening paper Partly cloudy, probably local showers in with the and thunderstorms tonight and tomor- Washington row: not much change in temperature; Associated Press news gentle southwest winds. Temperature— Highest, 87, at noon today; lowest, 70, service. at 5 a.m. today. Pull report on page B-9. Closing N. Y. Markets, Pages 11,12 & 13 Yesterday's Circulation, 115,881 class matter V OO Entered as second *** C4>) Mean* Associated Press.' JN O. post office, Washington. D. C. WASHINGTON, D. C., THURSDAY, JUNE 29, 1933—FIFTY-FOUR PAGES. TWO CENTS. an They Bought ^ WORLD STEAMSHIP POOL (iI'd BE 5PENDW MV TEXTILE PARLEY VACATIONS EATIM'AM' KAHN ADVOCATES GOLD COMPROMISE IN' THE , SPEAK ROUN IS PROPOSED BY FRANCE ' ' x COUMTR.V v. I RtCKOM Monr» REJECTED AS BLOC Plan Offered ai Conference Calls for DROPS ITS STUDY REPEAL OF CAPITAL TURNS TO 0. S. TO Single Set of Books for Lines OF WAGE DISPUTE GAINS TAX CLAUSE of All Nations. I Turns to Problem of Costs Says Sale of Stocks at End SAVE CONFERENCE By the Associated Press. futile struggle between national flags, LONDON, Jun3 29.—A world steam- which has taken the form of constantly Increased of Year Is "Sort of An- in and by Proposed ship combin?, especially on the North increasing competition tonnage speed and in dangerous rates which to lift the shipping France, Belgium, Holland and Atlantic, designed menace the budgets of both shipowners Trade Code. nual Custom." : business from its present chaos, was and states," the resolution said. Switzerland to Unless proposed by Prance today at the World "The French delegation proposes that Quit the World Economic Conference advise Economic Conference. the states to Issue a Arm invitation to DEPARTMENT HEARINGS GOVERNMENT GAMBLING Currencies Are Stabilized The French suggested an agreement the shipowners and countries concerned which would limit the tonnage of future to establish international agreements MAY CLOSE TOMORROW ON ITS OWN j for the of the ocean routes PROSPERITY construction as well as the speed, which working big at Once, M'Donald Is Told. under multi-lateral contracts and to and serve as a ; would regulate prices, limit the tonnage of future construc- j "Washington" limitation treaty in the tion, the governments reserving the Manufacturers Concerned Over Ad- Admits He Sold Shares to Members AND field of commercial shipping. right to supervise execution of such MOLEY WARBURG j ; of Their of in 1930 and The was laid agreements. justment Oper- Family far-raaching proposal "The World Economic Conference all JOIN IN NEGOTIATIONS before a subcommittee considering should suggest Joint working, subject to ating Schedules. Other Years. forms of government subsidies. It calls maintenance of national flags, ot the in the to i for the joint working of all steamship vessels mentioned agreements, determine timetables and rates By the Associated Press. Chairman Fletcher . a all routes, told lines, with joint account covering • newspa- Hoosevelt Believed Called Upon by and the and comfort of The Cotton Textile Industrial Con- working receipts and expenses. tonnage, speed permen today the Senate Banking French would interests, but ships. The best method of reciprocal Terence Americans for Statement of i The pool today grappled with problems of Committee make some control is a account covering "may inquiry i would permit to under joint ships operate contract adjustments to meet costs In- into the Roceevelt boom national flags. The plan would control working receipts and expenses." market." Washington's Position—Fall of French some subsidies creased by the trade sailings in such a manner that a trans- The defended proposed code, but it would not be done now. "I j' know as while the Norwegians, the behind Head. atlantic traveler would not legitimate leaving differences between em- think it is simply based on antici- Dollar Brings Crisis to Britons and the Finns asked that they whether he was going on a German, and labor over and work- j Ger- ployers wages pation of what prices may be under I French or American ship when he be abolished. The Italians and Other Matters for hours. the new Dropped D$y. his ticket. mans termed subsidies a form of pro- ing governmental program." purchased with "On the big international steamship tectionism which should be treated W. L. Allen, deputy administrator, in Fletcher said oI the stock market there has a ruinous tariffs. By the Associated Press. lines sprung up announcing the next step In the re- rise. covery administration's effort for a LONDON, June 29.—An By the Associated Press. business betterment program for tex- eagerly-awaited British compro- Testifying that sale of stocks at the tiles, said the hearings at the Com- mise plan for solution of the end of the tax year was "sort of an merce Department may close tomorrow. stabilization crisis of the World annual custom," Otto H. Kahn, senior IS All want will be ORDERED who IDENTIFIED MAN DAVIS to heard. of Economic Conference was partner Kuhn, Loeb & Co., recom- Of considerable to importance oper- Railroad Washout mended to Senate a investigators today chucked overboard in meeting ators is clause 5 of the code which con- repeal of the gains clause of the this with Wallace on DUE TO LEAVE capital the prices stitutes Cotton COMMODITY Textile 300 evening European gold Industry Delays IN FALL TO GENEVA tax law. bloc and BACK the drafters to in countries, responsibility KILLS S1F Committee, assist ad- Trip to Chicago Kahn said the clause made the Gov- for a way out was laid on Wash- justing contracts vfor textiles should ernment "gamble" on the prosperity of costs of production Increase by reason By the Associated Press. ington's doorstep. Driver Looks on as Ambassador Directed to Re- the Nation and caused the market to Taxi IN — POSTS 1.4 June A Mo., 29 COMMERCE of WEEK HURDLAND, minimum and a JUMP wages maximum The ————— c British and the represent- on be depressed at the end of the year. for World work week. washout the Santa Fe Rail- atives of the gold bloc decided to Passenger Drops From sume Efforts road's main line near Kenwood, Senator Barkley, Democrat, of Ken- Social Problems Aired. blocked all trains here appeal to for assist- Value of Wholesale Dollar 53 Mo„ today 100 Retired, 200 Married tucky said Kahn was the first witness Washington Miss R. Mason of the National and delayed Santa Pe train No. 6. Disarmament. Lucy to tell ance in the Calvert Street Bridge. on which of of "bear raids" on the market. overcoming stabiliza- Consumers' League, and Miss Margaret Cents Above 1926 Secretary Wallace the Workers Ordered Off tion problem. Wieseman of the Consumers' League Base, Department of Agriculture was en Pay Kahn asserted that Congress would of route to A rainfall of By the Associated Press. Massachusetts, today discussed social Chicago. perform a "great service" if it would Demand Stabilization. An unidentified man, apparently and labor problems In the code. unprecedented proportions had LAKEMANS BAY, Roque Island. ! Figures Reveal. Roll, Starting Tomorrow. find a means to regulate speculation. about 35 or 40 years old. leaped to his Some officials that virtually Isolated Hurdland and The British been President: expressed surprise compromise had June 29.—Norman H. Davis, to consumer Brashear. Must Adjust Selves. death today from Calvert Street Bridge possible price increases the offered to meet an ultimatum the Roosevelt's 'Ambassador, was have not in the So The witness the by special j figured testimony. Indications that business con- The Commerce will re- contended adminis- while a passing taxicab driver looked far general Department gold standard nations, headed orders to return to Geneva in the hearing no spokesman has by on. to intervene. under today ditions are to forward mar- tration's "new deal" must be gi»en a powerless discussed possibilities of price fixing continuing push tire 100 workers and separate 200 Prance, which demanded currency The cab driver, E. M. to renew American efforts lor dis- chance. Morningstar. under the code or what that the off of seasonal activi- ried from its effective at lair avenue said price fixing despite falling persons rolls, stabilization as the of their re- 1429 Potomac southeast, which the Chief . price armament, toward might mean to the consuming ties were seen in the Labor "We all must adjust ourselves to a the man rode up to the west end of the public. Depart- the close of the fiscal year tomorrow, in are concerned over maining the conference. Executive feels in Eu- i Manufacturers new he "Whether reaction- span in a taxicab. got out and began public opinion ment's announcement today that whole- MAIL SERVICE it was made known today. day,' said. Prior to difficulties of adjusting their operating the meeting between the to run almost is on or we must to immediately. rope progressing. schedules to the code 17. sale commodity index based 784 At the same time, it was said that ary progressive, attempt British and the "He dashed toward the center of the | by July gold nations there was A on for are aware of a from 64.5 this new a new "and I hopeful report prospects They possibility that articles had jumped to 65.1 300 married workers are to be relieved give legislation deal. a bridge." said Morningstar, kept lengthy conference of British leaders world and disarmament was pre- their recommendations for hours of seven "No he "is my eye on him to see what the excite- peace during the last days. within the next 15 only one." continued, prepared to labor per week and minimum wages days, leaving discuss the compromise plan offered ment was all about.
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