The Hardin tribune-herald. [volume] (Hardin, Mont.) 1925-1973, 1935-05-03

oOSoAA6 JOOS VIM COulu US put " WOIh
on grade crossings and roads.
So far the mine experts insist prof.
ects are In as good shape as any for
putting men to work Immediately. All
that would be needed would be the
Presidential o. K. And they expect
that very shortly. ~
Cotton q Problem a..
With the AAA under FIRE from 30
many quarters. King Cotton remains
one of the most important world prob
lens, threatening to save or wreck the
administrations plans to lift the farm
er up to that parity" Of purchasing
power which President Roosevelt is SO
fond Of discussing.
Most southern statesmen wave
aside so.called threats to American
supremacy in cotton. They contend
that nowhere else in the world can
cotton be produced successfully to
compete with the United States.
Either the cost is too high per pound,
or the quality is too low, they insist.
The threat involved in Brazilian ex-
pansion In cotton growing has been
discussed at length in these dispatches,
including the confidential view of the
present Brazilian administration
which Is that the United States efforts
to hold the price of cotton up will
crash, as did their own with respect
to coffee, and therefore they are not
too optimistic. But they hasten on to
add that they can produce good cot
ton at a profit at 6 cents a pound.
This season the United States ex-
ported to Great Britain $4,000 bales,
as against 100000 last season, and
1,045,O00 the season before.
This is partly explained by two
things. Japan has finally passed
Great Britain, as a producer of cotton
textiles, and so has become the chief
consumer Of the raw staple.
But the disturbing fact about the
two previous paragraphs Is that the
United States exported to the entire
Orient this season 1,34S,O0O bales, as
against 1855. 600 last season and $685.
600 the season before.
In fact, the total exports of cotton
this season from the United States
were 3,565.OO0 bales, as against $685.
600 bales last season, and 6,046,000
bales the previous season.
Not an encouraging pictured
Disturbing Facts
Two seasons ago the United States
produced 1881 900 bales Of cotton.
Last season 12,712.OO0 bales. This sea.
son 9.619,OO0 bales. AAA restrictions.
What happened meanwhile in the
rest of the world? India's record for
the last three seasons was 4,1O0,O 900,
100000 and 3,SOO,OOO bales. China
produced 100000 this season, 2,OOO.-
600 last, and 1871 900 two years ago.
Russia, in fourth place, is crawling
up. The increase there is from Its
600 to 1,Ss9.OO0 to 1,937.OOO this sea-
son. Egypt increased more than half
a million bales over two years ago.
Then comes Brazil, generally re-
garded al the real menace. Two years
ago she produced only $4,000 bales.
Last year $4,000 bales. This year
1,25O.0OO bales. Next season.
Peru increased In the three crops
from 285,O0O bales to $4,000 bales;
Argentina from 10000 to 225,OOO;
Mexico from 5000 to 100000; The
Sudan from 121, 900 to 10000; Korea
from $4,000 to 10000; Manchuria
from $1,000 to 100000; Belgian Congo
from $4,000 to 10000; Turkey from co.
600 to 10000. and Greece from $1,000
tn $4,000.
The really disturbing fact comes in
adding these and other foreign in
creases I'm cotton production together.
America has decreased her production
100000 bales In the three seasons
The rest Of the world this season pro-
duced 12,489!O00 bales, as against TO-
$4,000 two years ago.
Defenders of the AAA program in
sist that the world this year has used
up a large quantity of surplus cotton,
and that prospects for next year are
therefore bright despite this increas-
ing foreign production. Meanwhile the
dust storms in Texas and Oklahoma,
the two biggest cotton producing
states, seen to promise further cur
tailment this year even than had been
planned. and correspondingly increased
incentive to foreign cotton producers
to expand, the short American crop
promising a continued high price, even
If there. were no AAA.
Planning New Taxes
A n per cent tax on all life in
sLrance premiums and a tax on all
movie admissions above 10 cents-in-
stead of the present limit Of 40 cents
are among the levies that the treasury
will recommend to congress. some time
before this session adjourns. Some of
the treasury experts. who we're or.