The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1928-11-24
HOOVER REPORT
SHOWS NATION
Is PROSPEROUS
Agricultural Production Less
Than Manufactures and
Minerals
CONSTRUCTION BOOMING
Task Of Finding Foreign Mar.
hets for American Products
Lessons

Washington. Nov. FL AP) Her
bert Hoover's last official pro.
nouncement as a servant of the gov.
ernment before his election as prcsi.
dent was made public Friday in tht
form of the annual report of TIL
Commerce Department for the fiscal
year 1928, which closed last June 80
The documents keynote str, sco
"the remarkable continuity Of the
prosperity of the United States dur
ing recent years and its prevailingly
upward trend. In the foreword,
usually the sccretary's own produc-
ton. the steadincss of prices. the
improvements in transportation. and
the phenomena Of finance were
treated, while agriculture was given
special study.
Viewing the agricultural stu
alton az a whole, no very marked
difference appear between condi-
tions in the fiscal year l927-2s and
tire preceding fiscal year. Mr.
Hcover's section said. The crops
harvested in the autumn Of 1927
'rera IN the aggregate of approXl-
la'elv the same magnitude as those
If 1926 and larger than in any pre-
,ious year except 1915 and 1920.
Agricultural Increase Slower
1t il true that the increase in
agricultural production both over a
l,ng period of time and during re-
cent years has been decidedly less
rapid than that in the production of
manufactured and mineral products
The demar1 for farm products.
which are for III, most part neces-
fties Of life, terds to increase little
i any more rapidly than population
Tn the other hand. there is piactic-
ally no limit to the demand for man
ufactured commodities. many Of
which are in the nature cf semi
luxuries. Even if the need for one
type is fully met. new and more
highly elaborated articles are con-
startly coming into use with the adj
vancing standards Of living and Of
the equipment for product ion
Turning 10 another field. the re-
port remarked that during the past
seven or eight years. the amount Of
construction tof buil1ings) in the
United States has been unparalleled
in the history Of this or any other
important country
This high activity reflects both
expansion Of the equipment Of in
dustry and commerce" Mr.. Hoover's
report said. after giving the figures
of the continuation. land marked inn
rrosement in the quality Of that
equipment. and, above all. in the
quality of the homes of the people. !"
Railroads Have Improved
Railroads were said to have con-
tlnued to furnish adequate and eff
flcient service and to enjoy larg,
traffic and revenues"
The betterment Of railway serv-
Ice has been the result Of effort on
the part Of railway companies them
selves. it was added, land of CO.
operation on the part Of shippers and
receivers OF merchandise. The rail
way companies have improved their
roadbeds and equipment. The CO.
operation Of business men has been
particularly conspicuous in tie form
of regional advisory boards of the
American Railway Association"
Analysing the movement Of gold
to Europe, with the fluctuating re-
aerve bank tate that has accom-
panied it, and the resulting swings in
bank deposits. it was said that after
making allowance for the extra
ordinary volume Of trading on the
stock exchanges the situation in
dictated n healthy state Of business
activity
The countly's foreign trade was
illustrated by special report sections
prepared by Dr.. julius Klein. the
department director in that activ-
lty. Canada S erergerce as the best
customer Of the United States dis
placing Great Britain from Ion.
held post, was noted. and the con-
cluslon was expressed that intcrna-
tlonal exchanges for the year had
brought about very heavy new in
vestments Of American capital II
foreign countries
Expansion in the export of manu-
featured goods, pr. Klein said. il
presenting study prepared with
the assistance of +. Dana Durand
Of the foreign trade statistics sec
ton. was the most remarkable fact
disclosed.
Americans Are Vigorous
The efficiency of American pro.
duction, the vigorous efforts Of
American business men in finding
markets, and the active aid in pro
noting trade the report declared
have borne fruit which must fur.
nish satisfaction to all classes of GU,
people. notwithstanding the excep
tionally self-sufficient position OF
the United States. our high stan
dards of living demand the import
OF number of important and man,
minor commodities which the
country itself cannot produce.
The task of finding foreign mar.
kets for American products has met
with noteworthy measure Of sue
cess
W. P. MacCracken. assistant sec.
retsry for aerenautics. declared ir
a accompanying report that there
had been phenomenal progress ii
every phase OF the industry durins
the year. He remarked "unprece
denied increase in air transport serv.
ice alone which had resulted in ia.
cresSiag the regularly flown al,
route mileage in the country from,
ss806 miles to 11.191. Railroad in.
crest in the field had brought about
ccopeFetion. and the development Of
betteyments had made more disable
riachipes available.
Commercial aeronautics is nc
len9er on the Threshold" he con.
cIuded. 1T has entered the bust.
ness world. and without subsidy, has
become m integral part OF American
industry and transportation. There
il every Indication Of still greater
growth during the ensuing biennial
period"
LADIES KEEP OUT