Evening star., 1923-07-24
CAPITAL KEYNOTES
BY PAUL Y. COLLINS

simplest Of all economic rules--the
relation OF supply to demand.
4
Another reason for Eprope's de-
creased demand for American farm
products. assigned by the committee
of economists and statisticians. ap-
pointed by Secretary wallace Of the
Department of Agriculture, is Eu-
ropes decreased Purchasing power.
Even though she needs the foodstuffs.
she has Tess TO exchange for II. The
committee reports: while manufac-
tured exports for the first half Of the
year have been appreciably larger
than a year ago. the prospect for the
second half of the year is less favor
able"
dation of an Ohio farmer. quoted re-
Gently, that II more farmers would
quit farming and move to the cities
1t would help agriculture. the COM
mittee says --+r -"
During the last five years certain
forces have combined to increase the
supply. so that the price level of
farm products has been kept below
that of prices OF other commodities.
This situation has generated OFF,
setting forces tending eventually to
restore the former equilibrium, thus
Improving the position of the farmer.
Among such forces is the migra- =
tion OF the farming population TO the
city. There has recently been a dis
tinct acceleration in this movement.
This movement will, In the long
run. add to the urban demand for
foodstuffs, and will eventually lessen
the supply Of farm products. thus
tending to establish a more normal
relationship between agricultural
and other prices"
The committee calls attention to
the expansion of wheat acreage in
the world. on account of the world
war, and estimates that, outside of
America, there are now. 2S,o0o,0OO
acres more devoted to wheat
than before the war, and In the
United States 100000 acres more.
The committee urges American farm
ers 70 reduce their wheat acreage ac-
fcordingly.
The American Farm Bureau Fedora
tion is pushing its plan ito withdraw
zoo. 100000 bushels of wheat from the
market by storing it-not in great
government-owned elevators. but In
thousands of bins on the farms of
the wheat raisers. the bins to be
designated as government controlled
The government would then advance
loans to the total of sl50, 100000 with
the wheat as security. The wheat
owners are estimated to number
i'5oo.o0o. Stored in farm store
houses. what security will exist
against defalcations? II the wheat
Is pooled and seurely stored. does
any one doubt that private loans. on
specialization? If IL is not safe for
private bonds. what makes it safer
for the government?
what would be more heavenly than
to be able to join the flyer. Lieut..
vaughan. multiplying his speed four
times. so that we might keen con-
slant pace with aurora and live ever
in the sunrise and birdsong. encir-
cling the world? Was not LonrfeI-
low dreaming OF some such bliss
when he said:
'Tis always morning somewhere.
The awak kening continents, from
shore to shore,
Somewhere the BIRDS are singing
evermore."
x x = :;
The Worlds Dairy Congress. when
it meets in Washington. is planning
TO give special attention to intro
ducing the use of milk as food for
farm children. II is discovered that
less milk per capita is drunk on
farms than in cities and more mall
nutrition exists among farm chill
dren than city children.
The president of a state dairy as
Sociation told his fellow dairymen
that his little granddaught from d
city came TO visit him on the farm.
She had been very fond of milk in
her city home, but on the farm she
refused TO taste il. En- route to the
train to return home he quizzed her
as to why she had not liked milk
and she explained what she though
should be obvious:
why, grandpapa, l saw where
they got it. They just pulled it out
of an old cow,
Hence, il farm children are to be
induced to drink more milk they
must be given glass COWS, the same
as city children have.
Copyright, 1923, by j. V. Collins.)