New Britain herald., 1929-11-25
knricultilre SumnlOneu

x Washington, Nov D (UP)-Asri- culture was called upon by Presi | dent Hoover today to offer it's aid in stimulating business this winter 1 That the president should sum- mon even this economic invalid to do it's bit. limited as that might be- | testifies to the sweeping nature of | the mobilization which Washington 1 has undertaken to dispel any "fool- 1 ish pessimism' resulting from the stock market depression.
 Every ajor economic group in the country has been summoned by Mir, Hoover-general industry, con- struction, utilities, railroads, labor and, now, agriculture.
 Industry has promised to keep wages up. Labor has promised not ! to fight for more money. Railroad expect to spend a billion dollars next year. Utilities may spend two bill lion dollars Continued expansion of the electric power industry was forecast in the annual report of tn, | federal power commission today.
 States Asked to Help In addition Mr. Hoover has called on all state governors to muster state. county and municipal devel- opmcnt projects. He has started action toward a s160,O00,O00 tax cut, The federal building program IS | to be expanded. The shipping in. dustry is to be given 12 to 20 mil | lion dollars in ocean mail contracts. | Federal Reserve system is eXertiny steady pressure to force down inter- est rates so as to enable business 10 hire mo oney more cheaply.
 Agriculture, though struggling with it's own problems, is in position to contribute no small mite to the nations general buying schedules Agriculture buys nearly a half bill lion dollars worth of farm imple- ments year. Some l2,000,000 pco. pie on farms must have clothes, household goods, automobiles, anl the other thousands of articles nec- essary to every home.
 In addition there is the possibility of some elevator and agricultural warehouse construction during the next few months. Department Of agriculture economists have survey ed the elevator situation. They con- cluded no extensive enlargement O. terminal elevator is needed despite the shortage which developed in the last harvest due to unique conditions and probably cost the farmers an average loss of ten cents a bushel Nevertheless the federal farm board is not so sure that some elevator de- velopment might not be wise Ger tainly country elevators and ware- houses can be profitably built in some localities. it is felt
 Talks With Farm Leaders
 President Hoover called in heads of leading farm organizations and members of the farm board today to canvass this whole situation. His especial hope is that farm heads will go back to the country and urge that the farmers continue busi- ness as usual. He feels that in. gigantic marketing plans of the farm board which have served 10 support wheat and cotton prices and which have enabled farmers through loans to hold their crops instead Of dumping them on the market at sacrifice prices to get cash, warrant every farm house looking 10 the future with con- l1dencc and continuing it's normal purchases.
 This is the last Of the presidents scheduled conferences although he will meet with utilities heads at some undetermined date.
 Reaction Gratifying
 The reaction to Mir. Hoovers talk ing the industrial lead of the natior about ten days ago has been grati '}lng to administration circles here. Hundreds of teleSrams from eyery section and every economic group have joined with wartime elthus,- aSm m the presidents get 10 work" program.
 Business itself will formally talk, over the task Of carrying on when nearly 200 industrial leaders of thn nation meet at the United States Chamber Of Commerce here Decem. Der at the suggestion Of President Hoover.