Show NEWS REVIEW REVIE W OF BF 4 I 1 CURRENT EVENTS farm boards boa ads experiment in stabilizing i zing the price of wheat may succeed by EDWARD W PICKARD UNCLE SAM through the medium of the ille farm boards stabilization corporation lg Is engaged in another noble experiment namely the support of the domestic wheat market to keep ke e 1 prices from experiencing unwarranted d declines dell nes thus far the experiment to he be successful for purchases by the hie corporation maintained the price on tho the chicago board of trade around the 73 cent level while wheat in foreign markets was stomping clumping slum ping far below that point before tho the week closed it was estimated the stabilization corporation was holding about bushels bus liels and it was said in was washington 1 illington illig ton that the federal farm board would ask congress in the next session for another appropriation of to continue the purchasing policy the he coarse grains committee of uie the board at a session in the capital strongly endorsed the policy adopted by tile the corporation it pointed out that prices of coarse grains had failed act reflect I 1 the shortage caused by last las t summers drought owing to the weakness in the wheat market A check to this decline has bas been essential it coarse grain prices are to show the strength warranted by tile the feed shortage this year the tha committal commIt tap declared it recommended that the treasury safeguard the interests of domestic producers of coarse grain by levying the maxtin maximum um duty on all mixtures of foodstuffs the governments stabilization efforts were at first severely condemned by many grain men but their success in the admitted crisis brought about a decided change in opinion and won general support for the plan however there remains remain 9 the question of the disposal 1 of the greni great surplus accumulated by tai the a corporation cheth er r iny any considerable part of it can be sold cold abroad Is problematical I 1 tor for other countries are getting betting ready to prevent this thi by antl dumpling legislation and dec decrees reis and bankers of the F PREMIERS western Weste rif provinces of canada are doing what they alley can to restore restore wheat prices and prevent t a recurrence of tile the slump and with a measure of success on the winnipeg grain exchange prices were rising and greater confidence was manifest the leaders up there declared the canadian wheat pool would noelle not be broken by the crisis the premiers of manitoba alberta and saskatchewan were in conference in montreal and suggested that ohp th government betat set n temporary of about 70 cents a bushel A dollar however Is the goni goal of saskatchewan farmers and wheat rowers growers B of alberta urged a of any plan tor for stabilization by the dominion government must await the return of premier bennett from london HE dinv inv ebinte reason for the farm THE Tb boards action Is thus set forth by aft expert the western wheat operatives cooperatives co both in the united states and canada have bave borrowed heavily from banks banki As wheat prices declined and tha th margin of 0 collateral got thinner and thinner the operatives cooperatives co were faced with just one ne thing the forced selling of mill millions torii ci of bushels of 0 wheat A drop of a few ecks cents more a bul might bring on a crisis of major pro I 1 american Americ tin millers liae have been contending with plenty of cancelled caneel led on ders ailers upon the theory that wheat can be bought m much uch chen cheaper per at a later inter date I 1 possibly bushels of wheat were affected in these two situations uati ions ons so mr leggo legge and tits ills associates of tile farm board again entered the to stabilize prices ITH a stirring and optimistic W speech president mover hoover opened wednesday night the white house conference on child health and protection which undertakes to develop into a national we vel fare program tile the suggestions gest ions lie he made a year ago twelve hundred 1 experts have been working on the problems he set forth nt at that time and it was for this conference to ordinate coordinate co their solutions when the big gathering had been called to order older by secretary wllbur wilbur its cha chairman irmaL mr air hoover delivered his address in which he naked asked for safeguards and services to childhood beyond the reach of the individual parent and which can be provided only by the community the state or the nation if we could have but one generation of properly born trained educated and healthy children childr n he said a thousand other problems ot of government would vanish vant sti 11 tits his solution for the questions concerning childhood which he said should stir a nation was much learning and andruch much action FOLLOWING the collapse of the in Fv vestment estment banking house of caldwell co of nashville tenn more than alian fifty banks have closed or suspended payment most of them are I 1 tennessee but sonic some are in arkansas kentucky and missouri the affairs of 0 f rogers caidwell Cat dwell head of the investment t concern and formerly regarded as a financial wizard had been in parlous state since september when a state bank examination of a subsidiary of his company the bank of tennessee caused the authorities to require a deposit of in securities tips to cover corer liabilities incidentally i the he attorney general generi nl of irinne tennessee asee now announces these securities are missing thursday morning the central bank and test company largest financial institution in asheville N C failed to open for business A notice was wag posted stating the bank was closed by order of tile the board of directors for the conservation of its assets the banks ban ls latest statement of condition showed deposits of or more more than william virgil bell president of the first national bank of horse cave ky which closed early in tile the week committed suicide by hanging h I 1 bant ENGLAND Is hearing some unpleasant statements concerning tier her rule of india from the nate delegates to the roundtable conference in london anil and those delegates del representing ti the princes the hindus the moslems the brahmins Brah mins and the untouchables tire are united in the demand that india he be granted at least dominion status with federal rule among the distinguished indians who voiced their count rys wishes last week were the araJah of Bl kaner katier noted fighting prince sir tej rahan bahun dur leader of the nationalists mr Jay akar a brilliant young oung lawyer dr B S Bloon je a hindu leader muhemmed all prominent moslem and the beautiful begum shah nawaz the attitude of the boiles of england was set forth by lord peel former secretary of state for india who surprisingly asserted that no promise of dominion status now or in the near future had bt en given ghen by great britain after defending the british rule in india he suggested that a beginning be made by giving the provinces a certain amount of autonomy while maintaining a strong central go government eminent unchanged frum the present one there would bettee be time enough to change the central government after th the e provinces had proved their capacity to rule he be said S THINES and riots prevailed pre ailed in ninny many cities clelea or of spain for a week cek and st strenuous tenuous efforts acio we ne made by the republicans tin and communists to convert conceit them into r political demonstration that would overthrow tho the monarchy but tile the government adopted stern measures and succeeded in quelling the disorders the biggest of the strides was in barcelona always a center of disturbance but several lays days its aba abandonment was ordered by the labor federation that started it in madrid and Salan salamanca ianca there were strikes by students who demanded a republic the wager aser anti monarchists in spain believe they will succeed before very loni long in their alms ainis but that the afie time Is not yet ripe VINCENT editor of the S STENIO haiti journal a lawyer and former dilcom diplomat nt was elected president president of halt haiti by the national nailon til assembly 40 to succeed eugene roy vincent Is one of the roost most strenuous opponents of Ain american erleau occupy occupation alon and tits his victory was rather a surprise he Is tile first regularly elected president deni of af the republic since american intervention in 1010 following the recommendation of the hoover commission that went to haiti in february that the of american commissioner general be terminated brig ge gen n john 11 russell has left the island anti and the new amer lean minister dann dana G munro alunro has arrived in port au prince the capital HN CI CHARLES fARLES P gon GEN on thursday con concluded clouded his four year term as chief of staff of the tinny army and was succeeded by maj gen douglas Ala macarthur cArthur in his farewell statement general summerall spoke enthusiastically of the reorganizations that alint have given the country its Hs best oraa organized army since the armistice and gave high praise for the officers and enlisted mens intelligence loyalty and devotion to duty R Q E of the prohibition refer JL rv held by the american bar association show that of the members voting are in favor of repeal of the eighteenth amendment while are against repeal judge orrie L phillips chairman of a sub com mattee eliat handled the matter says anys that ehni whether itier ahe the association in view of I 1 the referendum result will take steps toward repeal of the eighteenth amendment probably will not be known until the next annual meeting in at labole city next september ile he also said it was possible that no definite nIte atlon action would be talen then SMUGGLING of liquor and aliens by pIr platies from canada by two powerful combines idas been exposed with the indictment of fourteen men by a federal grand jury itt at detroit although the operations of the flying ruin runners were con confined filled for tile the most part to the detroit area plane loads of whisky und and fancy liquors occasionally casio caslo nally were flown across the bor der direct to ields in tile the vicinity of the larger cities in ili ohio indiana indiana und and illinois it Is charged that alin aliens sometimes were carried its as extra cargo on the liquor trips and that special q pe C hilll trips were occasionally made for aliens BOUT a score of men women and ABOUT children were killed and a hundred others injured by a tornado that struck the little church colony ot of bethany a few miles frosa from fk oklahoma lahoma ci city ay iy I 1 okla more than two hundred buildings were destroyed by the twister the storm first struck a country school house where four pupils died 4 1130 1930 liew wg I 1 |