RECOVERY ACT DRAFTED; National Board Would Rule Output, Hours and Markets. TRUST LAWS TO BE WAIVED Trade Associations Would Seek to Correlate Production and Demand in Each Line. SPUR TO BUYING AN AIM Proponents Admit Idea Is Daring -- Moley and Warburg Are Said to Endorse It. PRICE-FIXING A PART OF RECOVERY ACT
Plans for natl indus recovery act; would correlate production with demand, establish prices and control industry through natl bd of 7 and trade assns; R Moley and J P Warburg said to endorse plan