Evening star., 1933-04-26
PUBLISHERS NOTE
BETTER CONDITIONS
General Improvement in Pub
lie Confidence Reported by
: Newspaper Executives.
~ the Associated Press.

~ the Associated Press.
NEW YORK, April ga marked
Improvement in public commence ana
in general business conditions was noted
yesterday by newspaper publishers from
widespread industrial and agricultural
areas.
In the South, Clark Howell Of the
Atlanta Constitution said: The reaction
to pending: legislation already has been
extremely favorable as shown in an in
Grease Of cotton prices OF approx
mately l y cents pound"
Mr. Howell said he felt this Is due
more to the imitation program than TO
reaction to the farm relief program
so long as kept under control, as 1t
can be under pending legislation, think
the effect of imitation will be to increase
commodity prices. That is the keystone
OF returning prosperity"
Confidence Has Improved.
Col. Frank Knox of the Chicago Daily
News said the action of the stock mar
ket in the last week lis perfect ex-
ample of what happens in rising mar
ket This is more fundamentally illus
trated in the commodity market. There
has already been a healthy increase in
the price of farm commodities, wholly
by the expectation of imitation. When
imitation actually comes, providing it Is
controlled, farm prices will go still high
er and by this yacate the necessity for
most of the remedies proposed in the
pending farm measure"
Chicago. Col. Knox said, sis very
much in favor of a controlled imitation
in both credit and currency. And we
believe the present price level is as
much over-defiated as over-inf1ated in
1929"
George B. Longan of the Kansas
City Star said he had mo doubt but
what the feeling of confidence among
the people has improved more than
100 per cent"
Mingled with the comments of the
publishers, in New York for meetings
of the American Newspaper Publishers
Association and the Associated Press.
was praise of President Roosevelt and
expressions of confidence in his ad-
ministration
Approve Presidents Action.
The President was described by the
Kansas City publisher as "a man Of
action who has given us a feeling that
we most aSSuredly are not marking
time and who is using every means to
get results"
The published said that while the
Kansas City Star has been an advo-
cate of sound money We are not
alarmed over the imitation program
We think that thoughtful people un-
derstand that the administration has
strategic plan and only that part
will be used that is essential to what
We might term relation"
Both L. K. Nicholson of the New
Orleans Times-Picayune and w. H.
Cowles of the Spokane Spokesman-Re-
view found favor with the admins
tration's handling of the banking sit
uation.
The whole Nation is indebted to Mr..
Roosevelt for his courageous and posi-
tive work in handling the banking
crisis" said Mr.. Cowles, while Mr.
Nicholson felt that "one of the essen
tial things for recovery is certainly the
getting down to a solid foundation by
rebuilding and strengthening our bank
ing structure. And this Mr.. Roosevelt
is doing"
The New Orleans publisher cited that
the President says much of his pro-
gram is more or less experimental We
are in strong sympathy with this lead
ership and the people in Louisiana have
been quick to respond to the continuous
action in Washington"
Helps Lumber Industry.
The reaction of the lumber industry
IN Washington to the administration
gold embargo was cited by the Spokane
publisher.
The results of this embargo in the
matter of increased prices" Mr.. Cowles
said. was of great importance in the
Northwest.
The drop in the exchange was of
grea1 consequence because it reduced
the ability of Canada and Japan to ship
in and undersell American producers
This lowering of the exchange neces-
sarily affects the lumber industry
which is very large factor in the
Northwest's prosperity. Already, there
has been considerable increase in en-
ployment and resumption of operation
in mills
Mr.. Cowles said there is not, as far
as he is able to sense. "a united senti-
ment behind the administrations farm
program and the suggestion that the
Government enter upon a program of
controlling the hours and wages in in
dustry."
An "Ace in the Hole"
In Indiana, Henry w. Marshall of
the Lafayette Journal and Courier
found that people have lot of faith
in President Roosevelt and what he is
trying to do. Particularly is this true
of the farmers"
Mr. Marshall said he found feeling
that "a moderate controlled imitation
will be helpful"
Col. Knox, who was close advisor to
former President Hoover, said his lad
miration for President Roosevelt has
been greatly enhanced by his astute
preparation for the impending world
conference. The power he asks in pend
ing currency legislation may never be
used and probably will not be. But this
gives him an ace in the hole when they
get around the conference table, which
may prove immeasurably valuable