Word: nra
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After two retreats, One from the "fair trade practices" of service industry codes and the other from the general policy of price-fixing, NRA last week beat a third retreat. Fertile source of NRA criticism was that time & again bids from different companies for cement, steel and other goods needed by the Government have been exactly the same to the penny. Bidders explained that unless they filed prices available to the public and to all their competitors, they could not legally underbid one another for government contracts...
...this bad news NRA received notice from Harriman Hosiery Mills that it would shut down if General Johnson did not restore the Blue Eagle he took away from it last April for failure to obey the hosiery code's labor provisions. For months General Johnson has adjured the public to buy only Blue Eagle goods. His campaign was sufficiently effective for the Harriman mill to claim it could not work without a Blue Eagle, had, in fact, already lost an order for 30,000 doz. pairs of stockings placed by the State of Pennsylvania. NRA did not rejoice over...
...pull in their necks was the announcement by Radio Commissioner Harold A. Lafount last August: "It is the patriotic, if not the bounden and legal duty, of all licensees . . . to deny their facilities to advertisers who are disposed to defy, ignore or modify the codes established by the NRA...
...large staff of economic analysts. When he bought into companies he relied on personal investigations or investigations by a few men he trusted. Notable among such men was General Hugh S. Johnson whose talents were devoted to Mr. Baruch's private affairs before they were devoted to NRA. In all business Baruch banked heavily on his judgment of men, backing companies whose managers he trusted, instantly abandoning those whose bosses lacked his faith. He carried his likes and dislikes into Democratic politics; Al Smith could have had his last dime if it would have helped the Brown Derby...
...part of a loan is outstanding, the borrowing company may not pay dividends, salaries or bonuses which the RFC considers unreasonable. 3) The borrower must agree not to spend any of his loan on machinery, equipment or services supplied by a firm which does not pledge allegiance to the NRA...