Show weekly news analysis F AAA I 1 supporters encouraged expect little change in act I 1 by joseph we la bine EDITORS EDITOR I 1 NOT a 0 1 18 0 as in 1 is ill lf mr h 1 10 r thou those of el the news BW analyst and w 5 B u ec rily of fl tin she newspaper wp pr agri agriculture culture V U S cot cotton t on farmers having voted to impose taxes on any producer who markets more than his share in 1939 last springs agricultural adjustment act seems destined for enforcement next year with little change not only the cotton election but three other signs have given encouragement to AAA supporters 1 at new orleans president edward A oneal of atthe the powerful american farm bure bureau au federation told his convention that AAA coupled with the soll soil conservation act the marketing agreements act and allied legislation gives us the best a allaround all 11 around farm program we have e ever ve r had hitting criticism based on currently low wheat and cotton prices he said everybody knows K I 1 t 4 N 11 i W 1 1 1 1 L I 1 1 u i I 1 1 1 e m FARM B BUREAUS U R E AUIS ONEAL Corn compare pare then say lay candidly the law was passed too late for wheat growers to comply and everybody knows that the cotton surplus was produced in 1937 not 1938 compare the farm income this year with the 1932 figure and then say candidly whether or not our programs have helped the farmer the importance of mr statement is that farm bureau ion Jon could be a mighty force against AAA abolition agitation 2 at winnipeg AAA administrator R M evans spiked rumors of drastic wheat acreage curtailment next year by pointing out that U S farmers could not be expected to accept such curtailment without similar action by other exporting nations hoping that government subsidized exports need be only a temporary measure mr evans nevertheless erth eless defended it as a justified step to give the U S a fair share of 0 the export market 13 3 at washington F B R wilcox of AAA announced sale of additional bushels of wheat to the united kingdom adding to the bushels he had already sold having committed itself to sell bushels by n next I 1 it july the U S was already welle well past the halfway wa mark and had begun negolia additional sales to china and mexico though such subsidized exports will help reduce the U S a surplus arp lus granaries will still be far ta too 0 full when next years cr crop p comes come s in ill housing when when first created tile the federal housing administration was permitted to make loans up to two ballf billion on dollars partially insuring mortgage holders against loss by december 1 all but million dollars of the original fund was in use with new applications arriving at the rate of million dollars a month administrator I 1 stewart mcdonald took an extra step provided by the housing law asked president roosevelt to I 1 increase 1 l crease loan limit to three bill billion 10 dollars since losses from loans are negligible since projected housing boom would make big demands on capital capitalor mr roosevelt up approved proved the boost immediately almost at the same time perfected organization za of its new branch to insure mortgages for building or repairing houses and other farm structures structure 1 and to reft refinance nanci existing farm ams housing i ng loans this w was a s authorized by congress last february europe the initial thunder of italis demands for french colonies has died down as has the german inspired agitation tor for autonomy in lishua nias memel district although both prince france and Bri britain tairi promise one day give no more concessions the very next day they the make gestures in that direction probably recognizing some justice in italis complaint franci france has reduced suez canal rates to make italian east africa mori more accessible from rome both franci france sin and d england kemem remember that they promised to calit african war spoils with italy I 1 I 1 back in 1915 when the treaty of london wax was signed this pact was ignored at versailles Ver aiU and since lince I 1 italy can now be a formidable formidably e en enemy e the thaw two democracies arl are 1 1 willing I U to make peace british prime minister neville chamberlain in a speech defending his policy of appeasing dictators has bas led italy to believe he be will work for territorial concessions on frances part italis demands demanda include savoy nice corsica tunisia and the east african seaport of thus europe has apparently emerged from another war scare into another period of diplomatic conversations to be followed probably next spring by a german drive into the russian ukraine among the latest diplomatic moves Is ger banys eff effort ortto to consolidate itsek its export trade position in the face of strenuous international objection to jewish persecution seeking to kill two birds with one stone ir dr hjalmar schacht of the has proposed several plans for permitting german jews to emigrate with a portion of their capital in the form of german manufactured export items dr recent ent trip to london on foreign trade business ne as I 1 emphasizes germanys germanas Germ anys anxiety over the united kingdoms redoubled efforts to combat any nazi commercial threat I 1 congress last winter texas rep wright patman offered congress a measure to tax chain stores out of exl existence stene its gist to levy graded asses assessments ats from 50 per store on small chains to 1000 per store on large chains each sto store tax to be mul multiplied by the number of states in which chic h the chain operated sample A chain operating in 48 states plus the district of columbia would pay per store annually on each sto store re over though boasting 73 co sponsors mr Pat mans bill failed alsade also defeated was a new york state chain store tax which signified that chains chain 3 had more friends than their foes had expected but an apparently dying I 1 issue sue was revived as congress adjourned i jour ned for mr patman announced his bill would be introduced in january 1939 as house resolution no 1 battle lines since formed presage a bitter contest next month as chains and anti chain agitators review their cases anti chain supporting mr patman is a once potent national trend now questionable which caused 21 state legislatures to enact chain store taxes another state colorado last month rejected a referendum to kill a similar levy having won passage of his robinson patman act also an a anti chain measure mr patman bases his new attack on familiar charges that chains 1 force independent merchants out of business 2 cause low farm prices 3 take money out of the community pro chain U S census figures show a decreasing number of chain stores and more independents while federal trade commission statistics credit chains with distributing in goods at an average 10 per cent saving to consumers if the he patman bill passes resul resultant tint taxes with the great atlantic pacific tea company they ahey would total more than halt half gross I 1 1 d I 1 I 1 r el 1 1 i I 1 I 1 1 I 1 1 I 1 I 1 I 1 1 I 1 A X 1 I 1 0 tw 4 uzl I 1 WRIGHT WEIGHT PATMAN fewer noses than last year sales would destroy practically ali all chains would reportedly wipe out 30 per cent of the farmers market throw nearly chain employees out of work and force it a sharp rise in retail prices chains point proudly to their two year cam campaign of helping farmers movi move sa surplus chops crops like lamb beet beef walnuts apples and ald canned grapefruit juice antl include th the eamer amerlean american federation of labor speaking for its members who charge the measure would increase living costs and unemployment menO and the national association of retail boards which termed it vicious counting noses on the eve of at congress opening mr patman finds his 73 original sponsors cosponsors co dwindled to 32 through election defeats while another new yorks yorki car caroline allne oday has withdrawn support it if the patman bill succeeds la in reaching the house hous e floor political icil observers ers wonder whither whether continually mounting sentiment centime it will not bury it la in a protest vote C 0 I 1 FORECAST cancellation of the 1933 I 1 concordat concordi between germany and the catl vatican cm to precede enact I 1 ment of of N NI nazi I law directed against the roman roman catholic I 1 I 1 church 11 of japan Japans drive north and west of canton to strengthen position in the event of a russian war see ASIA INCREASE in lending power of V U S export import bank to expand trade with latin america CANDIDACY ot of franklin D roosevelt for the presidency not in 1940 but in 1944 REQUEST by small bu busl siness nesi men for congressional creation ot of a system of credit banks to meet the needs of little bus business ineis 11 asia the possibility ofa of a malor major pat far eastern crisis involving involving japan chi na and russia becomes more imminent each week far from denyl denying ng it japan has taken new hitches in her econ economic oride belland belt and settled down tor for i a struggle which may begin shortly atter after january 1 having made supplementary army navy appropriations of japan faces falesa a probable puss chinese chinesa alliance affiance forcing her to desperate meas measures to protect what gains she has already made in manchuria and china having penetrated deep into the vast shansi province jap troops are confronted with guerrilla attacks which in 10 days cost lives generalissimo chiang kal kai shek who is already getting supplies from russia promises the guerrilla war fare will continue e that japanese capanes a are at a disadvantage figa fighting biting so far from their base of operations operation i is evidenced by chinese recapture of 1 several key towns near canton two clashes with russia form the basis for a new war scare the first concerns japa japanese i nise fishing con cessions sessions ces in russian waters though I 1 russia refuses to renew the con sessions cessions ces which lapse january 1 tokyo threatens eadens to continue fishing even though an armed patrol is needed the second dispute centers on sakhalin Sak halin alln island where rethe the I 1 japs charge russia is seeking i to expel nipponese oil workers for her part moscow is demanding japanese payment for the russian interest in the chinese e eastern astern railroad seized when japan took manchuria I 1 meanwhile japan has substantiated the belief bellef held by observers tor for I 1 many months that chinas cainas open door guaranteed by the nine pow er treaty is about to be closed seeking to liberate japan and chini china from dependency on foreign markets finance and raw materials tokyo has virtually dictated what great Bri britain taino and the U S can henceforth expect in the way of trading privileges shrugging its shoulders over still another treaty broken in 1838 1938 the V U S state department part ment has called ho home nelson T johnson ambassador to china to see what can be done about it 11 since ambassador joseph P kennedy has also been called home from london it is thought the U S may solicit british support for a unified protest agal against list japans economic activity in china probable result nothing espionage I 1 in new york hairdresser johanna hoffman and other members of a germany spy i ring had bad just been sent sentenced nce in the panama canal zone the government was busy trying rother four fou other young germans accused of photographing fortifications commented their attorney 1 I venture to say that there Is not a single construction or equipment for defensive purposes in the canal zone details of which are not ot now jn in the possession of any foreign government desiring the information and willing willingto to pay hardly had this shock penetrated before the west cost coast st hotbed of espionage e reported its latest spy sc scare are in los angeles government a gents agents arrested mikhail gor gorin a soviet tourist agent and ha haals fis salich native russian who became a berkeley police officer and was lent to the naval intelligence because he I 1 could speak japanese the charge that salich supplied gorin with confidential navy department information regarding japanese military affairs how the U S which c claims to operate n no 0 counter agency secured its japanese secrets was not told while a new york soviet vice consul rushed to to los angeles to help defend the prisoners the government built its case against 21 year old karl D brummond rum mond los angeles aircraft factory worker accused of peddling milita military r 7 secrets to japan miscellany L invalidated by the nor north th dakota supreme courts court that states 40 minimum old ege age pension plan approved in the november election because 1937 legislative appropriations cannot bemused be used to pay pension more than 30 monthly also because the measure exceeds rei reasonable assistance si as outlined ln in the stati state constitution sold by franklin D roosevelt 1000 christmas trees from the farm on his bis hyde park estate staken eT taken aken by mrs franklin D roosevelt a nonpaying non paying job ob as director in son james insurance business roosevelt sargent ot of boston I 1 |