The Waterbury Democrat., 1933-10-16

$2,2O0, ,OO0. Total benefit payments to farmers, $119,200.000 Cotton benefit payments, $S7,000,0oO re- sulting in acreage reduction of 2b per cent but total yield almost as great as last year.
 Price comparisons: Tn September. 1882. farmers received an average of 7.2 cents a pound for cotton; in September. 1888. they received an average of S.s cents.
 Hog benefit payments totalled S32, 100000 resulting in slaughter of 6,000,000 pigs to reduce the sup ply. Hog prices in September, 1892, averaged s3.7S hundred, In September, 1893, $3'73.
 Tobacco benefit payments to- tailed $200,000 but effects Will not be apparent until buying season starts in December.
 Benefit payments come from processing taxes. Collections since July l, $52,520,000.
 Tho purchasing power of the farmers dollar in terms of what he buys stood at an index figure of b6 in September, 1888. It reached Q peak for this year of 7l in July and since dropped to 60.
 Next years wheat reduction campaign has resulted in agree- ments for a 15 per cent reduction covering 75 per cent of the acreage. taking out of production 6,e00,0Oo acres. In September, 1882, wheat brought tho farmer 37.4 cents Q bushel; in September this year, 71.l cents.
 National recovery administra- ton:
 Purpose-To relieve unemploy. ment and stimulate industry by increasing buying power through reducing hours, raising wages ana eliminating destructive competitor.
 Cost of government-Sinco July 1, $1,027,000 mostly in salaries and office expense.
 Indirect cost--As these costs chiefly involve increased payrolla and higher prices to the public, no figures or reliable totals are avail- able. Standard Statistics Co, rec ports operating costs Of steel com panles have increased $5,67o,ooo a month under MIRA.
 Results - Unemployment since March Is estimated at probably D. 500, ,000 but tho proportion attri. butablo to MIRA cannot be ascer- tained. Original predictions of G.. 100000 men at work by winter have been scrapper. Assuming g.. 900, 900 havo returned to work a' an average wage of $15 c week roughly $2,000, ,000 1000 a year woul( have been added to national pur. chasing power. Dun and Brad streets estimates consumer buying power has increased $4,000,000,0 ,00( sinco March. Other gains include improved standards of business conduct, outlawing of cutthroa competition, reduction or elimina ton of child labor in any industries improvement of status of labor ant a general psychological impuls to recovery. Additional payrol costs have increased operating OK penses either reducing profits oi increasing cost of living of consum CTS, Tho general concensuS Il that NRA has resulted in improve ment but the extent IS 0 matter O. debate.
 Farm Credit Administration. | Purpose--to relieve mortgag' pressure on farmers by low-rat' goyernment backed loans.
 Cost-Advanced by treasury sinc, July 1, $95,039, ,88S.17.
 | Results-Banks, corporations ant offices under farm credit admin istration loaned $409,404,000 iron March 1, to September 30. Loan have been made slowly due partl! to inadequate force of appraisers Administration now has 3,264 ap praisers either working or avail able with 2,003 more in training. | Public works administrations: l Purpose-To provide employ ment and stimulative industry b! expenditure of $3,300,000,000 oi public works.
 Cost-Paid out by treasury il cash since July 1, $75,499,409; al lotments to date $1,709,000,000. Results--7,000 projects approved through work not begun on man! of these. Men employed directl, estimated at 100000 of which 60, 900 are on road work. Estimate O men indirectly employed in fac tories supplying material unavail able. In the last three weeks 12, 900 men have been put to work.
 Home owners loan corporation: ! Purpose-To protect small hom' owners from foreclosures by pr yiding $2,OO0,O00,000 in pe cent bonds running IS years witl interest guaranteed by government
 Cost-Government - Provide' capital stock, $200.000,000.
 Results-In 8 weeks operation