Washington, Sept. 16.
Bright spots in the critical stage of the American. Government's: pro-Sperity drive are the index of employment for August, which is highest for two years, and the payroll figure for rest month, which is the highest since December, 1931, Largely due to the drive for! shorter hours, about 750,000, unemployed were re-absorbed ' into industry during August, Laying stress on the importance of these figures, Miss Frances Perkins, United States Secretary of Labour, warns the public against complacency. She points out. that employment is still 23. per. cent, under the normal average of 1924 and the pay-rolls are even lower.
The situation as regards the coal industry has brightened by the Geclaration "of General Hugh mason that the coal code will unquestionably be ready for President Roosevelt by to-night, It is stated that President Roosevelt ig adhering to the language of the Recovery Ast in allowing collective bargaining and is permit.
ing mo advance interpretations bf the labour clause until and unless specific cases arise. He regards the act as specifying neither "the open nor the closed shop,'
Permitting labour to bar; employers. collectively—Reuter.
Fewer Banks with Bigger Deposits Washington, Sept, 15.
The new banking commission which President Roosevelt created fo supervise. the insurance of bank deposits, will shortly "recommend the" policy concentrating the aation's banking resources in fewer and larger units, it) was anid to: jarring the deposi cloned banks, the Exceed $41 980,000,000.
its have mot
Text read from the printed page and cleaned; old type leaves the occasional error.