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Show - Saturday, June 29; 1940 i , , ,:,: ,,t, -- S. Youth - The beseret v Tradé N6-"- '1313son..Says Faces A Very,Chanfra World Ordei 1 1 i tilt News,- CEO . , PER , 4?.. ag egan J i- Two Million New Graduates Must Now ' . NVithiLtirmistice . 051111111 ' . This week' - armistice marks the beginning of a new economIc, era for continental Europe and Berlin has- become the nerve center for a huge new economic bloc which will extend from the Arctic La the Mediterraneart and whose dependencies will sprawl across Africa and Tarts of Asia. an analysis by experts shows. ' With a population of 300,000,- 000,this new empire compares with the 487,000,000 people in the British Empire as it stands today, and with the 400,000,000 people Japan still "hopes" to dominate.in its battle for a "new order in Asia". BY ROGER W. BABSON 41, . ' 4 (Special Writer for The Deseret News) DIXVILLE NOTCH, N. H., June 29.America's mammoth , .1i educational mills have just thrown 2,000,000 school and college graduates on - the doorsteps of industry. Already plagued by near- ly 10,000,000 jobless, this new army of hopefuls i 1,, adds further testimony to the fact that America must, as a vital part of our defense program, I ; solve the unemployment problem. It is a new ,:.'.:.,, :., 1 '' i ' world that greets these 2,000,000 fledglings, a - :41 ....,..::.,.:0.40. A t '' , z , Vaztly different world than, the textbooks just - .. -- 4 - ( ' 7. ,... , - ) 14,f ,.. , ':-- 7 (7): , tucked mtheres saewna ye 4shelves tboauldlteh oe ifaeboaurte 1 e Eitttically needed in h4lping America real's- 4,s 1 t '''''k' Nosi, face her challenge I in this world41de revolution. Bluntly, graduates must recognize there are not the same opportunities 4ox them . .. that there were for their fathers and dothers. t Jobs cannot pay so much in the future as they have in the past. ..For the first time in half a century the trend dr the profits of American busgebq as headed downward. The inereased efficiency of our factories, machines, and gadgets cannot offset the huge toll which defense expenditures Will take. ,i For five decades. America's un-... Surpassed engineers constantly im- - tainties that war to always brings proved the efficiency of our in- - home building, I believe that build- a dustrial machine. This increased trig, its products, and trades offer efficiency sopped up( sensational real opportunities. ' ' advances in government and la- - 4. Merchandising: America still bor coats. Machines have made it needs bet6r salesmen. -- This in- temporarily possible t work less, eludes stores, mail order, advert's- , more, and yet enjoy a high- - ing, and personal selling. What-- . er standard of living. Now, with ever goods are or whoever and labor costs still makes them,,theymade, government must be sold, ir-- Of ' rising. Increased of the of the do!- value efficiency , , American factories and machines respective lar or the character of the govern- i ..,. , cannot hope to overcome the add!. Ment tional burdens of mammoth de- - 3. Defense: The army, I navy, air fense expenses as well. 1 force, coast defense need able young men to make defense their 1 EFFECT OF A NAZI WIN I With that point firmly fixed in career. The past 25 years clearly ' Mind, today's graduate should also show that disarmament is a snare t and a delusionthat this country weigh the effect of a Gorman-con- not be caught unawares as i trolled Europe on American econ- - must France and Great Britain In .1 omy. here were . 7 is that the United States is lit the 1938 t ,i;, worst competitive position in his- -- MAKE OPPORTUNITIES tory. Despite our efficient industriI am attending a Convention of al methods, we are on the defens Fire Chiefsmen who never conive in world markets because of sider themselves and have no fear our high salaries, high wages, high .of danger. I cannot help thinking taxes, and terrible waste. More-- ' but that they have The key to real over, political influence always fol- - success. It is true that today there lows economic influence. Ger- - are new conditions to combat, that many, Japan, and Italy will ex- - competition is very severe, and ploit this to the fullest extent, par- - that 1940 graduates cannot depend on government aid, relief, or arInticularly in South America. dividually-controlled democrat- - tificial crutches of any kind. Those, le American businesses will find however, who make up their themselves at the mercy of state- - minds to work harder and longer Fascist. cartels. Confi- - hours, to follow the New Testa- icontrolled I dent of victory. Germany has just ment's command:"to give ftill offered steel, for instance. to South measure, tressed down and run- America for October delivery at a ning over"those graduates will substantial reduction from our make ormortunities for themselves prices. She can dictate selling which may lead to more in the end because she can dictate than they ever hoped. 4' prices what she pays for wages and raw In short, the future: of the 1920 materials. This Nazi announce- - graduate depended upon what was ment sounds an ominous note not about him; but the future of the only for our economy, but for our 1940 graduate depends upon what security. Naturally, our export is in him. Opportunities?Yes! firths are frightened. Hence, the But the opportunities z, are of 1940 should not count in the developmentnot today of the I n on foreign trade opportunities. .. character of the land but' of the SELECT OpPORTUNITIES character of the. man! So far this is a pretty dismal outlook, but balanced against the uncertain picture of America's economy as a whole are definite oppor, tunities in' selected industries. Here are a few: 1. Chemicals: Most chemical companies are prosperous and have a tremendous future. Great developments are taking place in the plasPrices Move Up, Down tic industry particularly. The future offers unlimited opportunities With War Changes war or peace, Fascism or De. Deal. mocracy, New Deal onkOld June 29.(AP)--I,CHICAGO, is 2. Aviation: The industry America's the past six months of waiting America's youngest, most hopeful. The day is not too for war to stim61ate European distant when It will be as cheap demand Upon the United States to ride the airways as the railfor food, American farmert have ways and the highways. Those interested in commercial piloting seen hopes of revived export and prices L. should enter through the air corps. trade, rise, then crash same But the industry needs more than of their grains do the thing. needs young men to This tells the story of grain pilots,it grow up with it in its vital admin- market action the 'first half of 1940 and sets the stage for the istrative work. 3. Building: One of the greatest second half. Grain men saict tocontributions of the New Deal to day the outlook for Improved exthe American scene is its attempts port business is even more conto put homes in the reach of small fusing than on Jan. 1, because Income brackets. It has solved the Europe now is a continent of par problem of financing and it is now tially "blacked out" markets, at S. for the time being. attempting to solve the problem The trend of grain prices since of high costs. Despite the uncer .., , AMERICA WAY DOWN But where Britain's Empire Is built around a nucleus of only a little more than 65,000,000 large-scal- e ,consumers In Britain, and South Canada, Australia, Africa, the new German bloc has a nucleus of nearly 200,000,000 people whose standard of, living is well above the average an who are already familiar with 'the modern conveniences of living. The United States, in contrast, has a population of only 130,000,- 000. If Latin America decides to cooperate in forming a great western hemisphere trading bloc, this number will be a little more than doubled. GERMANY, A LEADER. The new German bloc is automatically a leader among the s :, ,,, i world's consumers and industrial producers. Our exports last year to units now joined in this bloc amounted to more than $700,000,- 000 compared with exports to the United Kingdom Anormally our best customer) of a little more than $500,000,000, and to Canada (our second customer) of just less 'than- $500,0005000. 'Within this great new trading zone bounded by the Arctic and the Mediterranean there is a total of 35,000,000 spindles,- forming. a textila.industry which will undoubtedly give the British, with their 41,000,000 spindles, a run for their money. . - (s truth AHEAD' IN, MUNITIONS With the great French tions plants now aa,Oed to the Krupp works in the Ruhr and to the famed Skoda works la the former Czechoslovakia, Germany is far in the lead as Europe's No. 1 arms producer, with all of the bargaining force ,which this assures Berlin. With France now added to the bloc will control adequate supplies of Ipauxite to assure its position as a leadep in the alumintun industry, and the copper deposits of the Belgian Congo, it they fall to the Germans, will give the bloc a position as world producer, second only to the United States. Notreadily available in the new continental bloc, or in the colonial territories that are likely to fall under its control, are adequate supplies of wheat - or corn, coffee, tobacco, fats, manganese, cocoa, or oil. Ge-ma- ny ( job-seek- Wheat Trend Is Uncertain Jan. 1 shows what has happened. (Approximate prices given): Jan. 1. Apr. 22. June 28 Wheat 41.07 $1.13 $ .76' Corn .59 .65 .61 Oats .40 .43 .31 .77 Rye 75 .40 Most of the wheat and flour that was sold in the past six months' has gone to the Orient -- NEW , .., 5111 1 IMME111111111 ki11117: : 11111M11111,1111111111111-1- 'a ; 401 ' ' - 1111 ' ' 1939 - iicall 0 el" tii With.-- " '''Ill ' 1 9114:1 lit 'l'Aqr I - pared with a year ago. all cotponents were higher, exeept -- ton forwardings.- , Steel ingot production. this week is estimated. by 'Iron Age" at 88 per cent of capacity, a gain', week. of 1 point ovillo last While this increase brings the rate within 614 points of the high reached last Dec. 2. there is growing evidence that the upward movement is slowing down as output is at tattled in certain divisons. Heavy backlogs supported the 2stee1 rate as work was sitspended on a French orders. As yet only small percentage of recent steel orders has come frpm the Unit, ed States defense program. declined awards Building sharply from the high tcrtal of the preceding week. which was featored by several large individlial contracts of a military nature. With the,latest report by "Enshowing gineering "ing projects of only moderate ,aize, the total dronped to S34.869,- DO compared with $96.286.000 In the preceding week and S41,900.- 000 last year. On a straight sea-- . sonal basis this decline far but the normal trend, under the influence of. moving averages the underlying trend continued upward, resulting In a 3point gain in the final index.conAutomobile production tinued downward in conformity, with the usual seasonal trend, but while the curtailment is proat present, with ceeding slowly only a small loss in output last week it is 'generally exnected that large reductions will apjeer in the July reports. Last week's production. as estimated units. by Ward's. was 90.060 against 93.635 in the nrevinus week and 81,700 in 1939. The adiusted idex remained unchlanged at a level 39 points- above the same week of last year. Index of General Business Figantial Week Wide Corresp'd't ended gilded week June 22 June 15 1930 1921 Stock Bond sales Stock price Suctns. Money rates New Anancing Bank debits in NYC Deposit tiro in NYC Index of fin activity 49 12011 45 as 73 31 - a4 ss at 110.0 1321 7n 03 13 123 31 34 03 29 84 42.V 44.7 14.2 123.9 00- 30 It Distribution 71 Bk deb outside NYC 70 del c 94 93 Carldge, Index of distribution 80.1 801 Pcodue lion 110 07 37 10440i 75.4 near-capaci- Construction Coal production... 41 75 76 125.0 1 2? 128 70 104.2 3 34 130. 125 L1417,0 Crude oil 120 Cot fwdgs 18 mills 110 112,9 log ION 92 104,0 Commodity car1dgs.100 103 90 108.0 Elec pwr product'n.lo6 106 Steel activity lol . 66 127.0 121 129.0 02 Automobile prod'n 121 liol.a St3.0 Index of pronuction.1o4.3 $6.4 856 73.4 IWO Index, of ,gen bus All the above figures are the latest avallab'e as of the dates specified. Data on carloadings and mai production. for instance, do not necessarily cover those particular Pocks. News-Recor- successive For th4 seventh week the weekly index of general business showed a gain in its trend, as once again' sustitined strength in the production field overcame declines in distribution and financial activity. Based. on figures nearest. to June 22, the combined index rose. 86.4 from 8.6 per cent of estimated normal. which compared with a low of 78 on April 13, and a year. ago. leviet of 72.4. The index of production registered another sharp rise under the leadership of additiorli large gains in the indices of steelmill operations and building awards. Support also came from much smaller increases in cotton forwardings, crude oil production, electrical power output knd commodity car loadings. The index eased of soft coal production slightly while that of automobile output showed no change. Defense Plan., Upholds Trade I Collapse Of France Reduces Markets , NEW YORK. June 29:.-(AP)--- 7 Industrial preparations for ca's huge defense program 'telped keep business indices pointing higher this 'week. executives Rail and utility planned to spend many extra millions of dollars on new equipment to provide transport and power for the anticipated boom in war induskmeri- - 3-- 7-- 8 0 - 0 - uZig: - C't NB' - It- 'SAVE- MTN ,. 0 I bight untli tomorrow morning. ' ROMA'S, JUNN SI 110KUTA--0047- 4 o'clock :00KPTAMuslea1 Roundup. Lerion Band. S:43KLITAThe Band of the Wenn. 111:00B0CRadil City Mimic Haft tie the Mr presents June Forrest. 10:00NBC.,-America- n Red CMS, rind Be. and Accident Prevention rice: "Listen and Live," drima. tiaation. Aid 10:16NBCThe Vaa.YRA21117 10:30NBC.7.4.1 and Lea Reiseca Brehm SUMMIrr 11:00RUTAHort'a HowAltoa Pitt ond Jeanne Mr101m Idartia's Musht. 12:00TICTAIntarnational News. 13:10KIITACanri Latin Melodieg. 13:11lNBC-4'ore- ign Assoeiation , Program; "Hitler. Europe otgainet Britain." - Cboral Protrram. y Vosneret "The Pinal Barrier". Dr. Paul Scherer. speak- er; male quartet. 7:30NBCBasin Street tahmber, Mamie Society, swing ensembles eondtieod by Henry Levine and Paul Lat- : 12:30411Cgerbian 1:00NBC---ittinda- , Byrne's Orchestra. of Hawaii; muse from 1:00NBCBobby 310NBCVoice the Islands. La te News Plashes, Gordon's Orchestra. 3:05NBCGray 3 130N BCCa valeade of Nita With Charka Dents Orchestra. 4 :00N BCNewe from Zumne be NBC from London, Paris - and Berlin. 4 :30NBCMagnolia Blossoms. featuring , the Irish Jubilee Choir. , 4 :51XCTALato News and Baseball !oexrrA Scores. OrchesMacAr- SYMnborie 5:00NBCSummer tra conducted by Edwin thur.- 11:00litITABaaeball Summary. s N. Fieetk. 11. 1:30SUTAInternatitonal News. Ethatrat 0 :SitROTALost 0 :011NFIC-- with Goodwill flour, John J. Anthony. Air. of the Newsnkt 1100NBCSports 11115NBCJohnnv Messner's Orchestra. ,30Nyg..44,011 Breese's Orchestra. :00NBCNews from Abroad. Harry, Owens, Orehestra. 11:10Nlr, 11:30NOC4-4- ack Meakin's Orchestra. 7:00NBCThe :45NBOLatest NPWL 10:00NBCLou Holdens Disciples - Rhythm Orchestra. 10:30NB4iCarl Ravegaa's Prehestra. , of tiTAIn ternation of News. Orchestra. II:00NRCDaryl Harna's with (lane?. 10 11:30NWDancing :00Good Nicht Until 7 O'clock tomorrow morning. UTA MONDAY, A.M. auts I time, tem 7;00MITAMorning Moods: irseietY music for and pentium members of tho 1500 Club. ' News. 7:30KtiTAInternational 401.111111. 7:45MITABark toLinda 11:00NBC"I Love Berrie.. 11:15NBC,Financial SaverHelpful House 1:30NBCWife Allen Presentt. s Hin ts hold , Serenade-Mu- gram - TRACTOR env - Your account may be opened with $1. or more. Deppsits made on or before July 5th draw interest from July 1st. and EQUIPMENT CO. SALT LAKE CITY Distributor of "Caterpillar" Diesel Engines - Tracy Loan & Trust, Co. Track Typo Tractors, Road Machinery 4:00NBCAir '. Youth of. A merle Chicago. plane' championships Its Shari: , Tells But Time": Free "Nothing's reereatirm drama. 4:30NCTALate Newg" plaphes.' Muitie.4:45RiTTA"Jerro of the elm's. interviews S00Little OP Holywoodi conducted by Ben Alexander. nr Prise: Inds Prenreant eondurted by De. Barry Hagen. 1:00NBCThe Green Hornet, dramatic 111SRTITALate New.. MO3E1 the European aituation. 9115NCTAEla and Zeb. :35NBCPant Maelsn'a 7;00NlicT. R. Therm - Pick- up' from the National In Model Air Organked in 1884 to Serve the Public PCDERAL DEPOSIT INStrRANCE CORPORATION MEMBER FEDERAL RESERVE SYSTDA P.M. 1 , , Militaries) : I r, - ceremonies. L30CBSBenny Goodman ehestra. 11:00CIMYour Slit Parade, iva .0rehestra. Bonny ble and et. Orrin Tuck-- - Baker and Warnow's Orchestra. , .eis ion 14 o I; s eehostro. Edition. ESL. World r Mark 9:46CBS-- - COVetilire News, 10:16CBSAl Nave ha's Orchestra. 10;30C1ISReitry Russo lad his echo- sews. Kent and his orchestra. Richards and his or. s10:115CBSPreas ehrotra. , , 11:00CRssterlint- 7 Ra 10 11 12 12 12 RDYL-Inett- irine fliished 1,7 KDYL. )(mien! 1101100. News Flashes. of Raclin "'oda. Tads., yesterdsv. ers ror 104-- -1' ie :241rik14..-Li- , TIM eith . - - ' - to ( - - Sflrt. sTings. P.zkr., , , :421'411,--4'p1e- Nwa, Mara. !as.413.1-atonm,- Renee, starrtne Dept dapr. : VC4thicen Venda." Chil"ren. Time Tenite with Bar.. riot Rowe," - , Mat.no. Rollvsmod TUwirm Trnnr "ow.. some sw wane l'h4he.-4140- etti Windsock4.- "PAW MO. 4kvar....-wrocr-m IK..,r A4L...71.tf, .30,..Vitt o.V1,".1 A poi", .. Wolodiest., feetnrim ' , ?f,.; News Krone a from EMI, Nclesroom Radio Qui particimatine Phow. ParI Conderr.01- 1-N RC...Con tented Hone. end Allen with Artie Waring. 1"1erofte4ott Strinr Shew's Oreheshirit. I with Dottie Son and I. an. 7ro- of Mnale foe You. ingin A Smith Sneaks. a Girl Marries. of Helen Trent. Gal Sunda". Blake Faces , Can Be Beautiful, R icht t o Bernina's,. Short Short Story. 21.ter. nvit Jenr conimentscs Wiley I of the O'Neill.. In Cherish. Reporters. News Developments Honr"-N- 10? You. and Duhee 19 dome. :30- -N - Womble AIUMnett. Sandack's Break tat,t , New.. I 1015-icps- -Lite Three-quart- - International RA lien arly Nowt, WPM!. ' I 1ufllft. :00-- Smart. -- 3 :30 7 .r the Stories' id' Pack. Dallas. stare Wife-St- ella and Jane. drama- .with reahmen I - Time Aintin Sam. Alone, drsme. Keene. play. NBC-Li- vese Musk. 4Pa14 Adv.) 1131 :43R41.Welly for Mare Marlin. Ma Proton. - PrPOP Toupee-- - Family, and Vie and Rade. 2:40, eommenta Women American 7:30NBCGallant Dance.".-presents "On With 1:00BUTAIniernational News. , , - THE WEST 11:00(SLWaide Condon'. Preview. Night in Sheol,. , ;11KoLSaturday roidPeter lipraynosale and Marry I Echoes. 1:45CBS---Salur- day Night Serenade." 1:15CHSPublic Affairs. 1:30C1v4-8- o0 Trout, hew. 1 31CHSNews et the Wer. 1:4bC1SHunds Clark. Sonia. 1 15-- 4' Bs-- 14 11.00Ci3s"Sky Blasers, dramatisations Colonel Mow Turner. master et II :1 Kethleen Dr. tale. Fevorites. Light of the World. Arnold ekimm Valiant Lade and Hymns of all P.If. Melodies. 3:30NITTAInternational News. I45NW",Charles Sears.- tenor.children's 3:00NBC"Rocky Gordon"; glory of ' 3:15BUTADance Musk. 3 :31NBCLatest- Press News. and told Children '.30NBCStories for sung by Ireemi Wicker. 3:45NBCBud Barton. to- Time. Matinee. variety prowith Garry Moore. master of 7 :00NBCTressured - , 179' GIVE YOU FACTS .AND FIG VflE I is - . into P.M. 4 News Fleshes.. hiNW.f.13inibar'11M?litnberBilW1.4te." , )0 11A JUNII SATURDAY. 7,7 the Worm. drama. Guidinv Litht, drama. in White,' drama. -The O'Neil.. drama. Fun-Mu- sical for Variety Show. I ft. 3 - for ste 'n"Funes. News Fluhee. HBO all savings accounts. nDeposits up to $5000,cfraw terest compounded semiannually 'and are guaranteed by the Federal Deposit Insurance Corporation. by Jer- the early lietencr. New. Flashes. Ranch, House-M- usk Farm News. Wsthr News. Favorite Hymns. Revue. Flashee from World iltished by KDYI.. Aecordions., Navy Band. 11:45KUTAInternational News. P.M. of Honeymoon 13:15NBC"Amande It We welcome - Fred .11trfrr Works. I to ?owl nrroo" , 1 Lombardi and Ns 11911 or sinakson mni dribor 1.00CBSArrn 'n Ant. (Paid Adv.) (Paid Adv., Wm. h' Wrwr "'hooter, "A 11 oil th lotrrior lkitt littrrta, 11,11 110 :osk..POS---P orrh. "tent -- - ' r . i - . - .. . . - ,. 4 gC1 11:30-N13- 9 'Population": 'Our Shifting Mark A. Dawber. of front Abe capitals 10 :411NBCNevra Europe. varlet! Almanae. 1 :00K UTAMlisleaf nuts and music program with Sill Sear,. volmor Yount and kis Or ry June. Lagoon Orchestra, Reichinan's Orchestra. 13 ;30- -4 8gatenor it trante Orthestra. Wee Bulletins. -Late 13:611Newa. Telequest Hour-Ph-one 00K8LOrtod Night. 1160 Smith at Wasatch Emeroon 8(M)AY, Jt:NH Se for your favorite tune. 11.00KbLUniverse of Heiody. P.M. Concert Muter. Good Bids You of the Air. The Rev. 00ClidCiturch , Haworth Heisner, of the litratis. Night Until11116 i,m. hunday Morning. moor Methodist Church, Detroit. SUNDAE. JUNS :30CliS.Wings Over Jordan. Serenade se Music 11:00K4LChurch of Christ speaker. ki;16KSL-4;lumi- ttan &dents Ramo ben. tor Om Early Listener. song Service. Bowes Capitol Theater 11;30CHSMajor Pulpit Sermon. Family. Stewart. Binger. 11:30ClitiMSL presents the Bait Lake on the Land. Tabernacle Choir and Organ. News. 10:00Churvis of the AirDr. Joseph Port that Sing. Newton, Church of St. Luke tati Man. Paper the Epiphany. Philadelphia. Pease and Music. on 'Swedenborg and Christian Du Lake Church at the trine." Air Sunday Service. America-St-ore of Games Arthur Over Ross, aenoolboy, mat Sybil Trtmt, Developthe of the Invention and drum major. ment of Aviation. Ii :00- -4: liSItrazili an 'Exchange progress.' of Moderns. 110CSS.--Pres- e News. in Three Musical with Todd 11i:35CB4Swin1 r Strings. p Ylunter nil Carl llomentartatei fleshes. nerenade. 11 11:45Clin-1Trouhadors. Discus. 'he Round Table Broadcasting Union for the phony Orchestra with Howard Har' A merleas." low conducting. and Williams Vole. Be Annonndad, atwitter, program annotator. From Europe's War R. to Learnina-Se- na. Capitals with comments by tor Elbert, B. Thomas. is 'veal sn Kaltentiorn. What I Saw. a Marne:won of the effect of Plate's -Orchestra. )(runic Republic" had upon the founding " World le Yours," ltdu fathers of the U. S. eattonal dramatisation. Up Sides, Sports Quia florin:11'e Musk, 1KDYLe-Marr- 1 with Henry hicLemore. um911116 2 Hollywood Today. News. 2 for Sunday. Gcnily Sweet Rhythm. the Band." with Tee in the Air. Weems and his Orchestra. ef the World. Cutalls Orchestra. in Rhithaf. Flashes As They Are States United Received-La- test Workshop. Expert. mental drania. Preto end Transrattio Neva& presents Bandwegon end hie write. Foster Ira. Buddy Rogers' Orehestra. Davie anti the Bergen and Charlie Mcflour. Jessica Dragon . Carthy. Man'. Family." ette. oopranot James Newell. hart. Budd l ton, HuIk1, m. e.; Linton 6:00 Merry GO Round Wells. reporter, and Leith Stevens of Music. chorus. orchestra and 411innt of Familiar Rein Wanted." M nate. Atlases. Charm-Phil Spital at Orchestra. liewc nrs Curtain Calls. Prayor Was Answered. Available Traneradie unit 14usie. 2.00-KA- lc-L. Press Flashea. D. S. Church Sunda.' Eve. and United Leh in an eritinal iranorm". twig din drama. Catholic Rout, conduct BC-- The :30- -N ed by Father leinnerst. Aldrich Family with Boldmath. News. Etre Stone. Clifford Taunt nisPrenOill Comedy Sketch. Amerien'i 2 tritur Ore 1.94r114 front Prove. Winchell One Men Newspaper. directed ba am. Family-DrAlhoct Parker Atwoherd. , 121121,40 tie Feature. Everilt,' Minutes Roos re stub Dr. Frank , Artmr at h engionto. fun and Music with ity" Wood, hi Music burv's Orchestra from Liberty Park. I le:00-NBMidnight t Doimplea at Rhythm. 12 Waster Werke. Orehestra. Mmule News Flashes 0.4. Strand'e Orcheatre. From MOIL Newsroom. To Dreamland. with 100-G- ood Nitrht. , Paul Canon. organist. WoNnAv. arLv NAtingham's Band. Sand Man. Bide You Al! Good oonvvrshr OCinelt flub. e:20.-- k AL...Love amities and !Cush.. Night Untli a a.m. Monday. ' rooms,"-Ye- rin Credit Adminittra MONDAY. JECLIt Ft to NBC Mullin LIM t IIEGUIARLY THE STATION' on your dial) "Dial 1500 Kiloeyeles" , JUNK in program as listed arts dos SATURDAY. to to0 made corrections network entirely (Sloe Templton Will be Leard on the late to incorporate: National,. Bern Danes tonight at 11). JUNIC PM Time Tunes. 114NBCDanes Mum Ie. L a .26K ITALitt no and baseball Available News al radio. United States. , 1110NBCOrant Park Concert n NRC Orchestra. 7:00NBCNews trona ths capitals el 63;4 NBC- -H. V.Sudy's Kaltenborn eammente 7 Europe. ews. on Etirnp NBC-- Bob Chtries Bishop speak. I; Crosby and his eche- Inc On the Bohs'i Faith. Ira. Paul KDYL-"Diam- ond S:30NBCMels1y in the Night; Dust." 13 Laval's Orchestra. NBC-- Will 1:3 usborne a Orchestra. NBC-Nat- ional Dance with Barn 11:00ROTAIntetnational News. I; Alee"Tempton, The Dinning Sisters, League Basebittl:' Salt Lake- - City Bees versus the Henry Burr. Ann Pat and Judy. Convention News Plarhr-olk- e de. Pocatello Cards; and Latest War Bulletins. , scription by Bill Sears; direct " front Hetrit'a Orchestra. 0 community park. 11 :46- -N A AU and Track News. Field Championship. -11:00NBCRudol1 Friml Jr. and his Or. News. News, Sport chestra. Latest Available New. of Trans. , 11 '30,-- N Ba fra's Orchestra. radio and United Prow. 12:00KUTALate News Flashes. Herman's Orchestra. 12 arid Mirth Request 1010-NB4Revalue'. Orcheetra. and Roue., with .Paul Alesender Avallithie News. -1( ; 4 - 1 ,CBS THE Op-Li-td , (It'. 1390 4 13 , ,) . 'G Composite index 105.4 104.9 88.6 Automobile output 96.0 95.0 68.0 Steel activitly 116.1 117.7 72.9 Paradise:4SNBCThlinder Over 119.0 116.4 113.0 Cotton Mfg. new serial story of love and ad. use 127.7 128.3 118.6 : venture. , Electricity Home building., 92.6 92.7 84.7 1:00NBCThe ireak fast Club with Don 74.8 73.4 66.1 McNeill, master of ceremonies, Rail loadings Jean's Health Club The steel producing rate dropped Your Exerciee. to 86.5 per cent of capacity after SAIIKUTA"Stigar and Spice's tho Men. a swift May and Jun if rebound icr Bunnty Fabianto News. which had lifted operations from 10:00KUTAInternat10n8l with the Bookends 10:16NBCIletwee0 around 60 to about 88 per cent. Ted Malone. Life; Ameriesn' of 10:30NBCProntiers Dr. L20111EY cases .Argentine corn, for examplethe problem is to aid a neighboring nation In finding new markets for goods formerly sold in Europe, even if the United States already, has a surplus of the same commodity. In other casesBolivian tin. for exampleit is a problem of 'reorienting our own business so that we will fill more of our needs in this hemisphere. Latin America had 1125,000,000 of meat to sell abroad in 1938, the article- - states. We less than $6,000,000 worthbought of but we bought more than $20,-it,000,000 of meat specialties from other parts of the woild which might have been bought in Latin America if we had encouraged the business on the same thor-- , ough and systematic basis that Germany develops its foreign. markets. ' - MINIMS - - te England. In some Changes 3 -- - NETWORK ,N.O.C:-RE- D ritir- 1.tst. Prey. Yr. Wk. Wk. ago - r.. hauls most of it from tbe distant Dutch and British mines in the Orient, or from smelters in northern ,EttropeLBoliviantitt -- -reaches the States only by way of ' great smelters in . - pared as follows: I hy- , e in business calculations for the future. Activity in steel, particula rly, slowed as- - the fighting ceased in France and one of the chief overseas markets for American goods went under Nazi domination. The collapse of French resistance closed thet last big outlet for American exports on the European continent, leaving trade and financial with the conquered countries ti at a standstill.' FEAR FUTURE What--wou- ld happen in' Amen. ca's foreign trade in Latin America and elsewhere in competition With a Europe was debated in financial circles as one of from the prime questioneemerging the war. Actual trade data showed exports still holealg the bulk of the gains prior to the German campaign in the low countries and France. Loss of French purchases. It appeared, would be balanced largely by the .British race to arm for the expected Nazi blow at Brea t Britain. Riding with the business preparations for defense spending, the Associated Press Index of Industrial Activity rose for the eighth week, touching the highest - level since January. The index, with component groups based on latest data. calculated on 1929-3levels as 100, com- Business' pothesis that Latin America's natural tharket outlet is Europe hktrue- - In ernmost of the Latin American countries, it need Hot be true as far as the rest of the region is concerned. Brazil grows cotton for export, but this is AO only because Europe, and particu, larly Germany, offered a better deal on cotton 'during the last few years than the United States offered on other tmpicat items such as cocoa, coffee, vegetable oils. or rubber. It is pointed out that the bulk of' today's commercial supplies of rubber comes from southeastern Asia, although rubber originated in Brazil's steaming Amazon forests. The United States, the world'a No. I consumer, paid $180,000,000 for Far Eastern and African rubber lakt year and not one dollar's worth came from Brazil. Another product is tin, of which Bolivia produces about $25,000,000 a year. The United States in a normal year buys twice that much tin but the president and his aides- have been studying Latin American :export figures., With United States comparing needs, and that when the president went to Hyde Park a week ago, he had in his briefcase a dozen sheets of notes summarizing the results of these months of study and a dozen recommendations for the new hemisphere policy. All of Latin America is essentially a great raw materials region. Argentina, and Uroguay-;--wit- h their wheat, corn, cattle, wool, and copper-- are largely supplementary td the United States. But the rest of the territoryi from Paraguay to Mexico, is mainly tropical and 'complementary to the - ,United States. - says ' pro-duri- Production. Carries U. S. Business Index Higher Again last-ditc- h apo: INEIr iulwar-r-1111111m1-1 ? let Therefore, Week, while the traditional s and Latin America. although much corn went into Scandinavia and the lowland countries before they were shut off. The government is offering subsidies to buyers who will take try.. 'Americata wheat, flour and corn These expenditures for plant In preference to grain of compet- improvements added to heavy in. ing nations which is lower in dustry's backlog of orders in price. By this method it has of Uncle Sam's big drive helped clearance of most of the for military strength. wheat and flour and has made The United States defense budgpossible the largest sale of corn et, plus England's arms purchases since the start of the stand inEurope, for a 25,000,000 bushels taken yearthe by Great overshadowed the French collapse Britain which is now in progress of shipment. predicted in view of large sun. Grain men said the European pluses of wheat and corn elsemarket may be opened up in comin the world. They estiwhere ing months, possibly through rebelief work. but that the extent of mated that in the cropU. year S. will the Monday ginning American participation cannot be have .approximately 325,000,000 bushels of wheat available for carryover and export, of which possibly half could be spared. On the other hand, Canada will have a carryover Aug. 1 of almost 250,000,000 bushels. of which 150,- 000,000 could be shipped during the 1940-4- 1 season in addition to whatever wheat the Dominion produces this summer. Reflecting the world- sitUation and increased movement of the new 41omestic crop, prices sagged 14-- 4 to 3 8 cents the past week to around the lowest level since the Vuropean war began. Corn fell 8 to 1 14; oats to 1 and rye 2 to 2 143. n 29.It is. 'June YORIC, believed in. Washington that by the time Congress reconvenes on July I, the president will be prepared to outlinehiswbaht program for a daring new western hemisphere economic policy, to Business Week according today. 1:11111111111501111111111: nil , 1 0 Bost Built ' Fame Plans For New Hemisphere Economy Ready ro 1 ) - i ' - Salt Lake City, Utah - , , . - . , . (dr' |