Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-03-28
SMALLER PLANTING
OF WHEAT IS SEEN
Department of Commerce
II Estimates Spring Crop
win Be Reduced.
BY JOHN F. srNCLArR.

Special Dispatch to The Star.
NEW YORK, March 2s.-'The United
States Department Of Commerce, bas-
ing its findings on reports from As, 600
wheat farmers, estimated that the
Spring crop planting win be reduced
70 68 per cent Of the 1890 crop, while
Durham wheat win be 761 per cent
Of last years planted acreage, the low
est in seven years.
If the returns from these farmers
are lair sample Of what's going on
throughout the country, the situation,
30 Tar as the wheat farmer is concerned
shows great Improvement.
From the information available, how
ever, the greatest decreases in Spring
wheat sections are 80 per cent in WASH
angton, 80 per cent in Colorado, 20
per cent in Illinois, and "a per cent In
idaho.
North Dakota is the big Spring wheat
State. The report from that State
shows that the intended decrease I'M
der 1880 is per cent. In South
Dakota the decrease is 8 per- cent and
In Minnesota it Is Is per cent.
From the standpoint of future wheat
prices, this latest farm news is most
heartening to the farm belt.
Dividend Reductions,
Dividend cuts Of substantial COM
HdAll6o 1lC 1AJ6SG 16 t1ltlb
of the Anaconda Copper Mining Co.
which reduced its dividend from $3.50
to $l.50 annually. Another, the Del
aware, Lackawana and Western Rail-
road previously went from So to "a
annually.
When old-established companies, with
distinguished dividend records, cut their
dividends at time when business is
supposed TO be moving slightly upward,
VarNys9m ernf he kH,aE AL
blue chip" stocks, considered just as
good in the past as any others, win
80 through the same experience.
That's why the stock market con-
tinues hstless. Public participation is
not yet active, although there has been
much talk about it in recent months.
The truth of the matter is that there
has been very little public participation
IA the recent rise In the stock market.
/ Until the reports tor the first quarter
- 1881 are out few people expect any
kreat activity In the stock market.
Gibbons Suggestion.
= Dr. Herbert A. Gibbons, who stirred
hp o hornets nest in the Philippine
88lands with speech suggesting that
chs United States get out Of the Philip
pine Islands and turn them over to the
Japanese under q mandate from the
author and historian, who has been q
frequent traveller to all parts OF the
world during the past 20 years.
After graduating from Princeton
Theological Seminary, in 1908, he be-
came newspaper correspondent during
the next four years In Turkey, Egypt,
in the Balkan states.
He was professor Of history and POI
ntical economy at Roberts College,
xJeoF aFad
later q lecturer IN history ct the Uni
versity Of Southern California and
Princeton.
He has written many books-more
than dozen-on world affairs, since
the great war. His latest one-"Con-
temporary World History pub
hshed IN 1880.
none of the Gibbons ideas Manuel
Roxas, the leader Of the nationalist in
dependence movement decries the Glib
bons' statement and says that he had
never heard of DR. Gibbons until he ar
EiYed in the Philippines.
But the opinior oppressed BY DR..
Gibbons, thorough student and world
observer, cannot be laughed out OF
court. The problem Of Philippine in
dependence win become more and more
important as time goes on.
Trade Convention.
Buffalo, N. Y, gateway to the Great
Lakes region, is entertaining visitors
this week, at It's second annual foreign
trade convention.
Probably the most optimistic speaker
20 far has been Wallace Thompson,
editor Of the Ingenieria International,
New York City, who visioned a vast ex-
pansion In the foreign trade Of the
United Statesmen than double what
at is today.
To-day Americas export and import
trade totals are equal 70 about Sl0,-
O00, 600, 900 annually This New York
or foreSees cur foreign trade expanding
sufficiently 70 take care Of our surplus
production. Then, United States ex-
porters will sell $4,000, 100000 worth
Of goods abroad and buy almost as
much from foreigners.
1.-THE solution of the economic diff
culties Is IN q broader exchange of
products, with the whole surface Of the
earth as a field of trade" he said.
It is to be hoped that the matter Of
tariff walls growing higher all the time
In all parts Of the world, will be given
more than passing consideration by the
Buffalo convention.
For international trade cannot con-
tinue 20 expand and grow with tariff
walls rising higher and higher. No
more than water can run uphill.
(Copyrigft 1881, By the North American
Newspaper Alltance.)