Word: code
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...President signed an NRA code for the newsprint, paper and pulp industry, which is subject to revision after 90 days...
...Taylor of U. S. Steel popped into the White House-once by himself "to pay his respects," and once with John Pierpont Morgan so that Mr. Morgan could pay his respects, too. This week the steel industry completes the 90-day trial period stipulated by Steel's NRA code. Had they wished, the nation's steelmasters could have asked for a rehearing on their code, could have tried to get the Government to alter their wage, hour and marketing agreements...
...Steel did not so wish. Instead, the American Iron & Steel Institute asked Administrator Hugh Samuel Johnson to continue its code until May 31, 1934. Further, Steel expressed "its general satisfaction with the operations of the code in its effects on the industry." Coming on the heels of last month's reaction against the NRA, the steel industry's graceful and timely gesture was much appreciated by General Johnson and the White House...
...insignificant little corporation in Brooklyn last week skyrocketed into national prominence when Hercules Gasoline Filling Stations Inc. was made the target for the first Federal indictment charging violation of a permanent NRA code. The owners were accused of working their employes 18 hours per week longer than the petroleum code allowed. with failure to post gasoline prices...
Steel's NRA code provides that with certain minor exceptions no orders may be booked for delivery beyond the calendar quarter and that cancellations carry a penalty. Thus users of steel have reduced their ordering to a hand-to-mouth basis. Steel's backlog used to be an index of confidence in the business future. The new figures on shipments will have the weakness of almost all indices-the past tense...