Show economic ca highlights highlights CT v C 1 ga that affect the th notier dlf units dividend mod tux tax of Nall and international wb lems lem inseparable from local lal welfare tho the next major step in the ad ministrations recovery program is scheduled to bo be rn an attempt to bolster up tip heavy Indu industries those producing steel bimber and similar simular products product which are principally bought hy by other industries rather than oy tha clio ultimate consumer there giai been grodt business improvement Improve mint ant during dm ing tile the lust last few months but almost all ot of it has hag occurred within consumer cony umer industries heavy industry Is still la in the doldrums and that la Is ser serious I 1 because these industries Indue normally employ the most moat workers anti and the tha great bulk of 0 unemployment that still exists can be traced to their le logart garthy by practically every business loader leader irrespective of what kind of a company lie ho belongs to has haa sung sting the same thome theme song well never never got get far so long its as heavy industry remains in a state of coma coina the governments answer to in ini i du duat rys request according to the US news will have three phases first will be a program ot of federal ald in financing home building and repairing it la 19 hoped that this will liberate of private capital I which to la now more or lose lesa non lit productive I 1 second the government will loan directly to industry through the federal reserve banks and tile the finance corporation so BO that basically sound con terns need no longer look vainly around for working capital third the liability provisions of the securities act one of the most fought about bits of legislation the has haa passed will be tho the net act Is so stringent in fit ity its present form that it has practically bi ought brought an all end to the issuance of even the most ulo ato securities it la Is believed that this program cati can be followed at a comparatively small cost cort to the government in tho the matter of home financing the government will guarantee a portion of the loans from 10 to 20 por per cent the experts say about Is enough to loosen a vast amount of up credit also it will biake possible longtime long time tinie fir ins ing with avith amortization over as many aa a 20 years eliminating the type of mortgage which matures every three years or so and must lie be re financed at a cost cort to the borrower bunds can easily be made avail able for the loans to industry senator glass glasa Is now spon sponsoring ring a law which would permit the federal reserve banks to make loans that regular lanking hanking channels are un able to handle under the present letup getup let get up generally speaking the reaction to this program Is very favorable inasmuch as it lays all the stress on stimulating prieto business nd does not involve any great orten ox ten alon of government activity main alain agricultural agil cultural problem Is I 1 j 1 I 1 i 1 surp lusses solution was the crop curtailment plan whereby tho the government signs agreements agree menta with farmers stipulating how much of 0 every kind of product they can produce in return the government pays them for tile the land taken out of cultivation now a greater power than legs legislation has taken a hand and ana I 1 itshok ashow the nation what crop curtail I 1 merit ment in tile the grand manner I 1 la thy the power Is nature the crop la Is wheat the middle west Is literally a desert there boon been so disastrous a spring in 40 years and great agricultural states are dry as the sahara the di ought drought Is tri maning almost alil lost two million bush bash els or of wheat a day from tile the official i may alay let crop estimate the di ought drought wua wits accompanied by a lust dust storm that picked up billions of pounds of topsoil top soil with its planted grain and carried it away to fall on the dome of the capital altal at washington some fell Z in wall street twelve million pounds fell in ih metropolitan chicago four pounds for every man mail woman and child in the city federal farm officials are considering si allowing farmers to plant acres that were retired havo have ad danced the date for signing wheat production control cont contracts mets in wany areas lilt hit by drought it will bo be impossible to ralso raise ny crops crol I 1 at all this year and government ln bone e tit fit payments will be tho the only fourche of income the ra farmers will have even abundant rainfall could not save the ill crops 90 great has haa boon been the damage As aa a result the agricultural administration has a new and grave glare problem on an its hands how to carry cany stricken farmers through a ban barrel en year |