Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-07-05
SEES SOVIET GREAT
WHEAT COUNTRY
Campbell, Greatest Grain
Farmer, Departs to Advise
Russia on Agriculture.
BY JOHN F. SINCLAIR.

Thomas D. Campbell of Montana,
Americas biggest wheat farmer, who
sailed recently for Soviet Russia, left
a farm of 95 900 acres in Northern Mon
| tana, upon which he raises 5000
bushels of wheat year, without the aid
| of horse, to advise the Soviets on the
best way to handle their 165 state farms,
and especially their new giant farm of
1,OOO, 600 acres, in the Ukraine, now in
process of being cultivated.
/ asked him just before his departure
why he was going at this particular
time, when his own crops were just
ripening. He laughed, and said he'd re-
| turn to his Montana farm before the
Summer is over. In fact, he'll travel by
alrplane in Russia, covering enormous
| territory in three weeks via plane and
| be back ready for his own harvesting in
\ August.
Then, turning around quickly in i'm
pressive fashion, he said:
Sure, Russia needs credit. Who
| DOESN'T? We all do-and a live country
needs 1t on larger scale. Don't make
any mistakes. In three years Russia
Will be the greatest wheat exporting
country in the world.
United States wheat farmers? THEY'LL
nave to reduce their production and be
satlsned with producing enough to sup
race disaster. There is no hope. We
have too many farmers anyhow, all small
little unit fellows trying hard-so hard
| 10 get by They are trying to hold on
10 the days of small enterprise, when all
other industries have gone mass pro-
ouctlon. 1t can't be handled that way.
The big unit farm with its trac-
tors, modern machinery. modern meth
ods. efficiency, experience. can be
worked out, but 1 see little hope for
the small unit wheat farmer, for Russia
after 10 years, Is years-is sure to
be one of Europe's greatest wheat ex-
porters."
Then in a lighter vein, this bonanza
farmer, full of enthusiasm. said:
Better come along. It will open
your eyes. Not there since 1928? The
whole Russian world has moved far
since then. Well so long-good luck.
See you when I return in August and
I'll tell you plenty"
What is the Federal Farm BOARD
| going TO do with its unSold wheat
perhaps 100000 bushels-for which
1t paid $l.20 for No. l hard and SI.lSI
for No. hard?
George S. Minor, head of the Grain
Sterilization Corporation Cthe boards
operating company. announced a few
| Gays ago that the corporation had dis
continued It's sale of wheat while the
new crop Is moving. Wheat bought in
1929 will not be thrown on the market
in a way to depress prices, so that "the
grain trade itself need have no appre-
hension of competition"
Whne the visible supply of wheat
In this country" says Mr. Minor sis
somewhat in excess of that of a wear
ago-a fact grain traders are empha-
Slzlng-the amount of 1929 wheat with
4 In
SCaplllZatlon Corporation was apprOxi-
mately three times the amount of that
increase, leaving the amount of wheat
on the market substantially below last
years figure"
The board has withdrawn from the
market millions OF bushels. To do SO
requires storage space. But the new
crop needs plenty of storage space. too.
Where is it to be had?
On January 2 wheat was selling for
Sn.5S NOW it's much below 90 cents.
Inc future price of wheat will be de-
termlned largely by the weather, plus
the present supply of wheat stocks on
hand, throughout the world.
AT this time good weather, paradox
ical as it may seem. will tend to de-
crease the price of wheat and bad
weather increase it, The larger the
new wheat crop the less the price.
But Canada's problem is, If anything.
more serious than that which faces the
farmers OF the United States
Butte, 'the richest hill on earth" has
been entertaining the medical men of
the West this week
| Quiet now, as a result of the drop in
the price OF copper, it still remains the
worlds largest copper camp, with
normal annual production of soc, OOO,O 900
| pounds.
Already Butte has given to the world
nearly $3,000,000,000 in mineral wealth.
! 1t still produces several hundred mil
lion pounds of zinc year. 1t has 2,700
| miles of underground tunnels, tapping
the rich veins of silver, zinc, gold and
copper.
Now another product-that of man
ganese--haS given the jeweled city of
! the Rockies new industry.
Among Butte's industrial leaders have
! been Marcus DAILY, William A. Clark
! John ID. Ryan, c. F. Kelley, William
Boyle Thompson, F. Augustus Heinze,
Frederick Laist and Miles Finlen.
The tourist business has struck the
| OF dude ranches. Today Montana has
over $10,000.000 invested in dude ranch
eS, where Fasteners spend delightful
| Summer days and cool, long evenings.
Montana'S wealth is not all inside the
mountains. She has scenery unsur-
| passed (Dotn the Yellowstone ana the
Glacier National Park are reached
through Montana) and she has broad,
fertile areas enough to feed the Nation.
Stuart Chase, we'll known economist
writer, in recent article entitled THE
! Nemesis Of American Business" says:
LAS a certified public accountant I
have been examining corporations bal
ance sheets for many years. Seldom do
| find one without a surplus account
on the credit side, and frequently an
appropriated surplus, variously entitled
Reserved for dividends reserved for
depreciation, reserved for bad debts
reserved for expansion But a reserve
for unemployment have never seen.
Dividends and equities of stockholders
have been protected by many ingenious
devices. 1t is time. and more than time,
that the flesh and blood which provide
them receive at least equal consider
| alton"
Mr. Chase is touching on a subject to