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Show A BOARD MINDED INDUSTRIAL PROGRAM No city in the United Slate?-, typifies the indu-trial idea as does Los Angeles. "With the largest chamber of Commerce, in the world, it is backing its industrial program to the limit. Los Angeles realizes that, while it may have the finest climate, the finest homes and the greatest drawing cards for tourists; still, its permanent, and lasting prosperity comes from substantia .operating in-, dustries which mean steady! employment for that great ( ,niiddle diss of people which I are the bad--bone of any sub- jstantial community. j Los Angeles, in building for I the future considers all of Southern California in its program. pro-gram. It realizes that its growth will be in proportion to the expansion and development develop-ment of industries and farming farm-ing in surrounding counties. 1 As a result, its Chamber of i I Commerce is spreading the industrial in-dustrial idea far and wide an., working not only for the upbuilding up-building of its own local industries, in-dustries, but for the upbuilding upbuild-ing of industries in any part of Southern California. This, is community development develop-ment on a large scale. It represents re-presents the greatest effort that has ever been put forth by a commercial organization for general industrial development develop-ment as the forerunner of community com-munity prosperity. ' A partial explanation of the recent sharp rise of grain prices appeared this week in the Government's report on farm reserves. Without exception, ex-ception, farmers' holdings of the principal cereals on March 1 were materially less than those of a year previous, sirp plies of wheat decreasing 35,-900,000 35,-900,000 bushels and stocks of corn declining 251,700,000 bushels. Even with this bul1-, bul1-, ish statistical exhibit, prices in speculative markets failed to duplicate last week's high i records, and in the late trading trad-ing broke sharply. A continuance contin-uance of the upward price swing at the former rapid rate was scarcely to be expected, and heavy liquidation on fur ther rains in the Southwest carried the May delivery in Chicago down to $1.35 7-8 on Thursday. Dun's Review. |