Americus times-recorder. [volume] (Americus, Ga.) 1891-current, 1923-12-13
AIR TRAF FIC CONTROL
FAVORED IN REPORT
Commerce Secretary Favors Re-
vision of Navigation Laws To
Meet Increased Travel

" WASHINGTON, Dec. 13.-Leg-
islation for The revision II the naVi-
cation laws. for control of trafflc:
IN the air, and for Sterilization 81
ado were among the recommenda-
,ion made by Secretary Hoover III
tho annual report of the Commerce
Department The rapid growth OF
aircraft and radio TRANSMISSION
alike. he said, had created neeG
for administration development
while the navigation laws, long I'M
der scrutiny, required adjustment
to the increased commercial eXpah-
sion.
Within the department itself, Mr.
Hoover recommended that congress
follow the general reorganization
plan under the Harding admins
tration, and make three admlnistra-
tive groupings to deal respectively
with industry, trade, and naVlga-
ton. He likewise urged congress
sional affirmation for the acts by
which President Harding created
Alaskan fisheries reserves, and sug-
gested relief from federal taxation
for American residents abroad and
engaged in furthering American
commerce.
Much of the report dealt with the
special enterprise, in which the com
merce department has engaged dur
! ing the year, designed to standardize
commodity and material specified
tions, to collect facts about world
agricultural production, and to de-
| termine the character of organiza-
ton abroad by which it has beer
/ charged that American consumer;
have been threatened with undulJ
high prices.
Through the huge export bal
ances of the last few years, we hav
shifted from a debtor to a credito
| nation" said Mr.. Hoover, and tn
theory is now more or less general
ly accepted that our hitherto nor
| NAL excess of exports over import
must ultimately shift to an excess
of imports, as we have large bal
ances to receive in payment of in
terest. The gradual reduction o
the monthly report excess in 1922
eliminating in the spring of 1872:
in four consecutive months in which
imports were larger than exports
! does not necessarily mean that this
time has arrived.
The situation in most branches
| Ct agriculture" he continued
seems to be gradually adjusting
! itself. The partial recovery in
foreign demand for cotton has per
mitted higher price for the crop
of 1928 than for that of 1922, in
I spite of an increase of IA per cent
In acreage and an appreciate in
! crease in production. While the
prices Of hogs have been somewhat
lower of late, the relatively high
prices of corn, which is chiefly fed
to livestock, seem to indicate CON
| fldence Of cattle and hog raisers
IN the future. Teh dairy industry
IN general is prospecting, the de-
mand for dairy products varying
more than that for most other agri-
cultural products with general
| movements of prosperity and de-
preston in industry As for wheat,
winch IS more dependent ON foreign
markets than any other agricultural
product and which is subject to
greatly increased competition from
| Canada and other foreign countries
II seems necessary gradually to re-
duce acreage"
The banking situation, Mr.. Hoov-
er said, was essentially sound" at
the end of the fiscal year, and the
continued flow of gold into the
United States had kept reserve banI
stocks at a high proportion to cir
culating money. Loans of Ameri-
can capital abroad dwindled. For
elgn capital issues in the United
states during the year ending june
o. 1928, he estimated to amount
to 1895, 1000, while in 1921 the
100000. Low 'eeii P''2'-
In the American security invest
mnents abroad during the last voar
Mr. Hoover pointed out Lain tin
american countries shared the most
heavily, taking $142,O0O,OOO Can.
a Saa got about $1O9, OOO,O 900, While
$S26'0O0, 900 went to Europe about
81 %+9' 000 900 to the Far East and
sions. ~ al possess