Show Bruc Bru karts charls washington Washing fori digest Euro european peau war does doe s more damage to american industry than good some lines lilies of fliri business acs s are arc Profi profiting while others are arc declining efforts to boost cotton exports fail ameri american call merchant marine marinc affected f by WILLIAM BRUCKART service national press washington D 0 washington j although our na tion Is not mixed up in the n european ur moss mess and its people will not permit any administration to drag us in it strikes mo me that tho the war on the other othe r tide side of the atlantic already has lone done a lot of things which ought to be reviewed there has been much laughter daughter about the phoney war and the alt down strike of the enemy armies because thus tar far there has been no real fighting I 1 do not propose to discuss that phase bof of the situation there are some things which have happened and are happening here at homi home however ithac that surely are worthy of consideration when steel began to flash cash abroad there were thousands it not mil allons lions of Americ americans ians who believed a conflict overseas would pull us out of f the depression visions of exports amounting to millions of tons tona iacre seen by many of tho the ting and misinformed persons higher prices pric esIt it Is hardly necessary asari to how excited excused some soma folks got about the prospects dis of higher prices and there was talk about shortages and all of that borl bj r of thing there them was the usual effort of h n certain type of business interests to grab off extraordinary promes most of the price hysteria hoa collapsed and quite a few persons persona lost their ahli arts in the speculation lo 10 which they turned with thi the excitement of war var talk it Is true are arc some industries dus tries which a ara lilii profiting profiling from the war some but id ot very many statistics are tiresome e but close examination of them does reveal in this instance how thoroughly trotty the anticipated wr boom actu actually aily Is in my own appraisal of the situation based donall of the facts i I 1 can obtain along with kith kopini opinions 0 ns of experts I 1 have havi cowe corpe to tar theaon the clu ifton that the iiii war thus far has fihs done our american business agriculture commerce and dam age than it has done good that is to say ay if it varjo possible to balance i the due io fb the W war a r against the further decline wilne in oiiver other lines the total bu business IS ahe of the united states w would 0 uld show an actual loss airplane manufacturers and rail it can be pointed out for example that airplane manufacturers are doing a they are selling airplanes for war pur purposes and they chef are selling them ahern hers bera as well likewise tle tile reports show how th industries producing airplane parts part n and d equipment 11 ll and certain other abs of war magerl al are rushing theli products through to a finished it state n to the rail lines have benefited through a stretch N of six consecutive weeks car loading san an acau rat rate e business barometer have exceeded ft cars fo or reach each seven day period and therl then dropped of off in this case cas ecat cn r loadings have shown a vast buik bulk moy movement ement but one me must examine the commod commodities liles hauled to calculate tile what conditions are it Is tobe tob noted that there were exceed exceedingly IngV 1 heavy shipments of stuff usable til in war included in the total A good deal dea let orthis had been ordered previously jt could not be sent out until the so called arms embargo was removed experts appear to believe that a large portion ot the shipments en tsmay may not be repeated at least not in such ouch quantities all of bf chichis which chIs Is to say that shipments pt af normally domestic products F consumer er goods must still bevery bo very much below par respecting the market for so called const consumer imir goods ghods mention may be made of apples and what a drug they adeon the market these days this may not inot be the same in all parts of tha but it certainly Is true tn ln thel the great apple growing sections of virginia one large grower thill tou J me po that he i had not sold a sl single gl apple p for the british market where he aso usually ally is able to ship seve several libil hundred carloads in tho the course of ii a season imports of all fresh fruits have heen been banned in england the industrial confer conference once board a private organization which Is quite accurate 4 ui n its iti reports on business conditions and aid trends said lately that our eap exp arta to canada are due tp full with a dull thud in 1838 1938 canada acquired 68 per cent of all of the things the imported right across the border in the united states it iati is to bo be remembered too abat about 14 11 per pec cent lof jot all exports from tho the united states in normal years go do to canada what hanwar has war done to american merchant marine but the situation Is changing rapidly canada ingoing is going industrial as rapidly aishe cm under the stress and strain of 0 war being a part of the british empire does any one think that the british wil war r office is going to seek supplies in the united states that can be bought in canada 7 obviously not to show how Cona canada dabas has developed her capacity to take core care of empire require ments mants I 1 believe it Is necessary only to report that the canadian industrial capacity was 07 per cent ar greater atar in 1037 than 20 years earlier or in the midst of the world war the world war started the trend in canada tho the present european war has given it new impetus and the indications are that exports to canada hereafter will continue to get smaller and what has the war done to tho the american merchant marine our government has spent a good many hundred millions in building ships and in helping private shipping companies to build ships it has been a policy of subsidy dut but abbit the same time our ships begin to attract attention on the high seas and in international trade along comes new war conditions and our flag Is forced to stay out of the trade routes that produce the greatest revenue because traffic Is heaviest of course it Is a policy of the administration that has ha brought this about Tres president ident roosevelt has felt that adoption of a system of telling selling goods to belligerents upon the docks of this country come and get it pay cash and carry it away in your own ships Is wise congress agreed with him 1 the no same sam 0 legislation provided that no ships lying flying the ahe american flag rna may en enter ter what Is called combat zones so trade in our ships is confined to those nations not en gag ed in warfare it happens however that tho the three greatest buyers who use ships since canadian export are largely by rail are tho the three nations now fighting in europe transfer of ship registry raises stink in in washington tho the latest development i with respect to the chipping industry try Is the effort of one ona of the great shipping chipping companies to transfer the i registry of its ts ships to panama canam a to fly the panama fla flag g that not action of course Is like changing your own american citizenship end and becoming the subject of another nation it can be done under the law but it has raised quite a stink in washington because this courso course of action simply the so called cash and carry liw law under the panama flag those ships hips could sail into war zone potts ports which they cannot do as long as ap they fly the stars and stripes from their masthead it does docs not mean w a great deal I 1 believe except it shows the influence of the european war incidentally the fuss about those ships recalls how difficult itis to maky make a law that will not have loopholes in it or means of getting around it the war in the far east has upset practically all trade relations between the united states and japan and china there is a quantity of exports yet moving in that direction but I 1 am told by persons who know the facts that when that war Is over japan will be without any money and her purchases in the united states will be next to nothing lo for r years to come citation of example and t trend arenci and opinion could go on quite at length in this situation taken all together r it seems to be one of the really important ti things lings next to our own unemployment rolls because it looks from this date as though the united states to face with the necessity of a gigantic readjustment it seems to me the problem cannot be dodged changes must come within our own national economy we will have to learn just what to pro duce and how much because I 1 fear that a largo large chunk of our export market Is gone forever our cotton exports are continuing to decline we have witnessed the spectacle of our secretary of agriculture seeking to 0 detour cotton or some other farm product into foreign markets by use of various forms of cash payments to the producers while he has been passing out checks our exports have declined and are continuing to decline and there Is nothing that can be done about it other folks have learned to grow boiton and they are not going to stop wo we cannot control them by a law saying a farmer must plant only so much or that there must be ba six mil million ito n little pigs killed off I 1 was asked recently for my own opinion on the outlook tor for busin business ess my reply was ast I 1 disliked making gloomy predictions pollyanna stuff Is 13 much more pleasant on the he other hand president hoover tried hard to get prosperity to cored come around the corner and ho he lou 1001 ed rather ridiculous when she stayed just around the corner through than nine years up to the present time secretary hopkins of the department part ment of commerce Is trying now to induce the coy younk young woman to come around the same corner his department has been issuing statements about bulges in production and in sales and in shipments but I 1 could not read the figures the same way the secretary read them EUROPE mad war spies parachutes and trade conversations mode made bigger news than actual warfare as europe ended the third month of its strange war and if any deduction could be drawn from this mad sequence of illogical activity on a hundred fronts it was that europe is already pretty sick of war more and more convinced that nobody wins tho the new weapon adolf hitler threatened during his speech at danzig took form in a new sea mine V X M 1 4 4 GEORG ELSER elsen A detective thriller parachuted from airplanes presumably scores of these were dropped in the english channel the parachutes dissolving in one week they took a toll ot of 25 allied and neutral vessels britain retaliating by strengthening its blockade against the reich this was not too smart for L ondon london soon had the wrath of netherlands belgium and italy on her shoulders the e allies were more successful in other bran branches cheb of warfare no one know knew how many french british planes had been lost but 20 nazi airships were allegedly shot down in two days warfare over the western front at sea sed the french destroyer hiroji sank two german submarines NV waln nin three days while berlin was genuinely worried by disorders in the czech province where eight students had been purged the nazis were making the th e most of another disorder hein heinrich r ich himmler chief of the feared tea red topo tapa announced simultaneously that tha t a german named georg V user elser and two british intelligence oHI cers mr best and captain stevens had been arrested in connection ath the munich beer hall explosion which almost cost hitler hillers Hit lers s life elser I 1 Is s charged with the crime while th the e Britis hers were said to have financed it direct leadership say the nazis came from exiled otto strasser pioneer who soon became his bitter foe britain kept its tongue in cheek throughout the affair for germany was obviously making the most of this detective thriller biggest mystery why should the british investigate a plot that would hitler german activity also had reper cushions cuss cus lons in the balkans when ru mani manias as cabinet rejected nazi demands for a virtual monopoly on rumanian oil and edw raw materials premier constantin constantan ln resigned ills his successor whose ap was hailed as an allied victory Is george Tota rescue former premier and a strong francophile agriculture F farm arm vote in at least one mans opinion presidential campaign will be won or lost in the farm vote ocote addressing the national grange convention in peoria leorla Or egons republican sen charles L mcnary himself a potential candidate outlined a three point program on which he said the G 0 P could win 1 equalize AAA benefit payments one weakness in the present plan he ml maintained SENATOR Is its dis ile he had points crimination favoring a few commodities wheat cotton corn tobacco and rice four other products ranking ahead of these in production are arc dairy live stock poultry and eggs and hogs 2 repeal the reciprocal trade said senator mcnary while some industries may have prowled ted by these agreements it has been at the expense of products of the soil 11 3 liberalize the public land policy to give the 14 land states a F greater reater share of revenues from sale of forests and grazing on the pub lie lic domain ASIA mr welles belles complains biggest actual news of japans war in china came from a suddenly developed front in southern kwang st sl province seo sea map where nipponese staged a blitzkrieg to sever chinas cainas rail connections with french in indochina do china thus tokyo hoped to starve the government into submission expecting no protests either from britain or france both these nations had their hands full at home nanning where the supply route was to be cut held out valiantly and hopelessly against the invader meanwhile japan gloated bloated over reports that her puppet chinese government ern ment soon to be established under former chinese premier wang ching wet wel will be recognized by it arty 1 I ai 1 C f H I 1 I 1 N ij il C U CHINAS NEW y 1 l LIFE LIFELINES ll 11 K FROM SOUTH j T v 1 41 1 ANTISH I 1 JAPS CHINA I 1 4 bapa SOUTHERN CAMPAN N yc the U 7 S was harder to win aly and germany even britain trying to make friends in the far east was rumored about to capitulate but jap premier nobuyuki Nobu yuk abe realized chinese resistance was not easily broken threatened he japan will keep troops there until china I 1 is entirely free from the communist menace another menace was the U S at washington undersecretary of state told his press conference that americans in china especially at the british concession are being molested by the japs ile he also emphasized that the U S still insists its citizens have every right to pursue their commercial enterprises in china regardless of japans highly touted new order I 1 this looked bad for U S jap trade relations which tokyo hopes can be smoothed over before the present treaty is abrogated january 28 26 although premier abe hoped these relations could be adjusted before the deadline it hardly looked like washington was in a mood to talk business miscellany eighth bonder at gillespie ill labors rival C d 1 I 0 and A F of L staged an eighth wonder of the world by operating cooperating co in a coal mine dispute said A F of L s david reed without precedent the time has ended when companies aln play one labor organization against the other corn 1 C I ali at washington secretary of agriculture henry wallace announced corn loans at it 57 cents a bushel 70 per cent of esti estimated matei 82 cent price forecast that more thun last years bushels will be placed under seal through the new program |