Word: retailers
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Dates: during 1930-1939
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Last week he was trying hard to persuade Administrator Elmer F. Andrews to find that newspaper employes do not come under the rules of the Wages-&-Hours Act. Mr. Hanson based his arguments on 1) Section 13 (a) (2) of the Act, which exempts employes of any "retail or service establishment the greater part of whose selling or servicing is in intrastate commerce"; 2) Section 13 (a) (1) which exempts "professional" employes; 3) Section 2 (a) which would exempt industries not engaged in "commerce or in the production of goods for commerce...
Specifically, he proposed to have some of the 1,600,000 bales of cotton which the Government holds as collateral for loans to producers processed into dry goods and sold at prices far below the retail market. The system, if it worked, would provide cheap cotton goods for the poor, employment for cotton workers, an outlet for surplus stocks...
...Retailers, like the National Retail Dry Goods Association, were horrified. Might not the cut price become a yardstick for all dry goods? How would the Government decide who was to get goods cheaply, who expensively...
Motormaker Sloan said he expected consumer buying to be "substantially improved over that existing during the past few months.... To assist in carrying on its stabilization of employment program, the corporation will again build substantial inventories in excess of retail demand during the winter months. . . ." Not to be outdone, President K. T. Keller of Chrysler Corp. announced the rehiring of 34,000 men since August 1, the restoration of March salary cuts. Said he: "Current business is brisk. . . . Stocks of cars in dealers' hands are 31,500 today, as against 98,000 at this time a year...
...Europe, however, a report from the International Chamber of Commerce showed, only Ireland has carried through a similar census, in 1933. Elsewhere statis tics are extremely spotty. Britain has no complete tabulation of its retail establish ments, France of its consumption of tex tiles, Germany of its volume of advertising...