Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1930-01-01
PROGRESS SEEN
FOR this YEAR
Officials of Cabinet See
Fruitful Continuance
Of Prosperity

WASHINGTON. Jan. l-tP1-
Continued progress and prosperity
FOR $780, was the official forecast
spoken over the young year today
by members OF ne cabinet Of fin
snce, commerce, and agriculture.
The official forecast, further
more, predicted a fruitful contin-
uation of the intimate ties between
the national government and the
forces OF business, industry and
farmiug-an association which the
gear 1929 saw drawn closer than
IN any previous peace-t!me era OF
the nations history.
Secretary Mellon reported the
Sound condition" Of the govern
ments finances have placed it in
a position to do its part in help
ing the country TO meet and solve
the problems which are ahead"
Secretary Lamont announced the
attainment OF new highs" by
American business during 1929. and
said that he could confidently
predict" a continuance Of this
trend.
Farms Sound
Al the Department OF Agricul-
ture the condition Of farming at
the years end was reported in a
far more sound condition than al
the close OF 1928, with the farm
ing outlook for the new year made
brighter through the existence Of
a federal board, armed with $780,
O00. 900 OF federal funds. ready TO
oversee the whole Of national farm
product marketing.
The Agriculture Department an
nounced also there were no dep
resslng SurplusSeS of food products
to be worked off" at the present
time. Notwithstanding the fact
that 1929 crops exceeded those OF
the previous year by S85, 900 900 ana
that livestock sales were $4,000, 00O
greater.
Mellon Reports
After declaring ne could "see
nothing in the present situation
that is either menacing or war
rants pessimism," secretary Mellon
said:
"fn the credit situation the trend
OF money rates Is downward. There
IS plenty Of credit available and
we have reason TO expect that the
rates FIR new capital in building
construction and expansion will %
such As to facilitate the promotion
and accomplishment OF new under
takings. The governments finances
are IN sound condition, w ich war
rants the cut in taxes, and the
government itself. is in a position
TO do its part in helping the coun-
try TO meet and solve the problems
which are ahead
Few Lag
Secretry Lamont's sttement sid
In part:
Although some OF our industries
Jagged behind, there was On the
whole. during 1929. less disparity
between the slow and active branch
es OF business than has been APP
parent IN other recent years.
Its very substantial character
helped greatly 70 alleviate the ef-
fects OF the marked break in prices
OF stock exchange securities dur
ing October and November.
The most important single in
dicator OF economic activity is the
index OF the output OF the manu-
featuring industries. This showed
an increase OF approximately 20 per
cent over l925-a very active year"
Clarence NJ. Young. assistant sec-
rotary Of commerce for aeronautics.
made an equally optimistic report
on the progress OF aviation, adding
the new year should be favored BY
The momentum established by the
accomplishments OF the old. He said
that approximately 10000. 900 miles
were flown in scheduled operation
in 929 with 8 5000 passengers and
s0o00 GOO pounds Of mail transport
cd IN The United States alone