Export Funds Needed to Aid Europe Credit
The Federal Reserve Board in its June Federal Reserve Bulletin calls for private funding to extend credit to Europe. It estimates over 5.6 billion dollars of new obligations and a 1 billion export credit via the War Finance Corporation may be needed, with a warning that continued government direction of private industry should end as soon as possible. The report notes Europe will owe the U.S. at least 3 billion in this year’s balance of trade and that returns on foreign securities could approach 600 million annually.
MENTIONED IN THIS ARTICLE
Federal Bulletin
Europe
United States
Federal Reserve Board
Federal Reserve Bulletin
War Fnance Corporation
Eugene Meyer, Jr
War Finance Corporation
Minimum wage set for women in printing trades
The wage board ordered that no employer in printing publishing or allied trades may employ an experienced woman worker for less than 15.50 a week. The decision aims to keep workers healthy and morally protected. Public hearing in the District building preceded the action with some employers protesting while supporting the principle.
Legislation Eyes Temporary Leeway on Old Contracts
The article notes calls for limited exceptions to old contracts under a new law. A key case cites US Ely losing 20000 on a two year magazine contract with a national society. Some board members fear exceptions could undermine the law but expect the society would accept contract adjustment. The piece also covers apprentice safeguards, wage plans, and a New York cotton exchange rate increase setting.
Sun and Tide Tables and Weather Summary for Region
The notice includes a sun and tide table with high and low tides and a weather forecast from the Weather Bureau. It covers District of Columbia, Maryland, and Virginia with expectations of fair, warmer conditions, light southerly winds, and localized showers in the northwest and central valleys. Temperatures and departures from normal are detailed along with precipitation deficits and excesses since January 1.
MENTIONED IN THIS ARTICLE
U. 8
Dept. of Agriculture
Weather Bureau
Washington
District of Columbia
Maryland
Virginia
Utah
North Pacific States
Elee
Plains
Pacific States
Ohio Valley
Tennessee
East Gut
Tennexnes
South Atlantic States
Lake Region
Middle Atlantic States
New Engand
Mississippi River
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