Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-12-19
SWIFT DROP IN RED
ROSTER IS SHOWN
Only 1886 Communists Re-
ported as Residents of
This Country.
BY JOHN F. SINCLAIR.

special Dispatch TO Inc star.
NEW YORK, December ia
glorified craps game" is the way one
business man described the gyrations
of the Auburn Auto stock on the New
York Stock Exchange yesterday.
Here is a company" he added, that
has $4,000 shares of stock. That stock
closed at 90 Wednesday night. Yes
terday it went up from SO to 119A
and closed for the day at 112, with
10000 shares one third of the total
issue, traded in. Nobody can tell me
that that company is is per cent better
off tonight than it was last night, yet
that is the way the stock market rec
ords show up"
After the spectacular rise of stocks
on Wednesday many felt that the mar
ket would be weak yesterday, possibly
recedine slightly. But, while there was
a sell-off toward the. end, the market
was strong most of the day and closed
slightly above Wednesdays prices, with
total sales of 3,280,000.
After three weeks of receding prices
the bulls are much encouraged.
Communist Population.
It NAV surprise many American bust
ness men and women to learn that OF
the 1000, 900 Communists in the Worlo
only a handful-8,38 to be exact-are
IeDOIJIu DIS llNLlB III GAAO OAAAeS@
OF course, this is an estimate. There
NAV be a few more or there may De
a few less. But 10000 would be a
liberal guess of the number in the
United States. -.
In other countries the number has
decreased rather than increased during
the last two years. For eXanpie, 40 "a
CzechosIovakia there were 15O,OOO In
1928, as against $4,000 In 1884, q HOsS
of about "a per cent. -,
In other countries-in fact, In every
country in Europe-the number mas
decreased In the last two years. IN
France there has been g drop from
80 600 members to $500. And SO IL
Of course. the big number is in Rus
ala where, according to the Russian
estinates about 3,500,000 are enrolleo
in the various communistlc orgahI-
INT the small number in the United
Etates-one for every l2,5OO persons
should cause no great alarm so 1ar &c
the American institutions are con-
cerned THE danger to American m
StitlItions has never come from the OUT
side. it has always been from within;
Roy A. Young, 48, governor OF the
Federal Reserve Bank OF Boston, tolo
the sixth New England Councl Con
ference that bank credit facilities IN tne
Boston district were sunstantlal aII
ample for the business ana lnoustIial
development OF tnaC sectioh Va 'AA0
United States $3.50
when is business going to get better !
CSov Young did not say. Can teQeEai
Reserve policy help to arrest the orop-
ping prive level? Gov. Young dld not
speak of this. :,
He did say, though, that the value OF
statistics and charts to American buSl-
ness men was becoming more and more
evident, But even so, the Federal re-
Eerve system has always refraineo from
Torophecy, and he say no occasion 70
break that wise PRECEDENT.
Gov. Young, although one OF the
Youngest executives in point OF age, Is
one Of the oldest Federal reserve eXecu-
ffyes in point Of service. He has Deen
with the Federal Reserve almost from
the beginning, starting as a deputy
governor Of the Federal Reserve Bank
Of Minneapolis.
His career almost parallels that Of his
predecessor, Gov. Harding, who went
from the governorship OF the Feoeral
Reserve Board at Washington to the
Tovernorship Of the Federal Reserve
Bank Of Boston. Gov. Young went
from the governorship OF the Federal
Reserve Bank of Minneapolis at q sal
ary Of $500 a year to the governor
ship Of the Federal Reserve Board at
washington at q salary Of $4,000
year, then to the governorship OF the
Federal Reserve Bank Of Boston at $780,
900 year.
GOV. Young has always been eau
tious about predicting what Is to hap
pen in the business world. His Scotch
strain still controls his public utter
ances.
Il should like TO present a message
which would assure you that business
he fVTaUrodn - l1n said al
the New England conference. but since
actual evidence has not yet indicated
such TO be q fact, will resume briefly
the course Of industrial events during
the current year"
There is no chance for q comeback on
Atat.
Population Increasing.
The League of Nations says that the
world Is increasing in population al
the rate of $4,000 day, with the total
world population now about 100000
900, Just ~ to the square kilometer.
Australia is the most spArsely settled
continent, one person per kIometer
Eouth America has 4; Africa, S; North
America, 6.
In Asia, the number Increased TO 81
and to IS in Europe. To bring 1t down
to q finer point, there are 300 persons
per kilometer in Saxony; and about
10000 per kilonaeter IN New York, Lon
don and ether large cities.
How many people can inhabit the
farth comfortably? This Is an economic
question, says The League. One German
authority eS1imates that the world car
support from $500, 000, 900 to 9,000,-
1000 Of people, pure conjecture
OF the present 1900, 900 900 OF popula-
ton 80 per cent live in Europe and
Asia combined; 9.35 per cent in North
End South America; and the remainder
an Africa and Australia.
But in the next 300 years, Africa il
liable to have % per cent; Europe ant
Asia, 26 per cent: South America, 2;
per cent; North America, ii per cent
and Australia, per cent. The copti-
nents of the future are now said to bt
EoCth America and Africa.
Trade With China Gains.
Trade with China and the Far East
was up 8 per cent in october in spite
of the impressive drop in the price OF
silver. The total trade-both import
and export-of $1l3, 900 was an in.
crease Of 1912 per cent over the Sep
TENDER total. Bun it was 38 per cent
below the total trade with the Orient
in October last year, which was Their
$l65,762,000. This drop in business Of
nearly S72,000,0 900 was largely caused
by declining commodity prices, the de-
cline in silver prices and the genera
business depression throughout thu
world
Becoming more specific, we FIND
that the United States exports to the
Far East during October totaled ovel
$1,500,000 for every working day.
During the month America bough
less from India. China, Australia anc
New Zealand, but more from Japar
and the Philippines.
More and more American exporter:
are turning to China and South Amer