Some Dangers Seen In London Wheat Pact

Manawatu Times, Volume LIV, Issue 7249, 31 August 1933, Page 9

Some Dangers Seen In London Wheat Pact

BIG HOME SURPLUSES MAIN FACTOR IN SLUMP

United Press Association. —By Electric

Tclegrhph—Copyright.

CALGARY, August 28.

A warning against the dangers of tho London wheat pact was uttored on Monday by Sir Herbert Samuel, when, in an address, he declared that tho throat of great homo surpluses had more to do with tho depression of wheat prices than any other factor. The new wheat agreements were admirable in their object, Sir Herbert s»iu, ‘‘but they dpn’t jnako plain how inereased wheat pricos arc to be obtainod The farmer, assured of higher prices, will naturally raise more grain,” Diminished production, however, ho added, must go along with reduced exports or a great home surplus would be built up. This ho said, was exactly what happened with tho United States Farm Board and the Canadian pools. Of tho Ottawa Agreements, Sir Herbert said that they compelled Britain to a negative policy of discouraging foreign trade. “We cannot hamper or destroy this trade, which is three that of our trado with the Empire Politically, tho Dominions aro free; economically, however, the situation is not so plain. Britian’s unemployment is largely due to the stoppage of emigration since the war, but indications qi returing prosperity are evident in England,”

Reduced Acreage

UNITED STATES WHEAT PLAN

WASHINGTON, August 28

The Secretary of Agriculture (Mr. Henry Wallace) op. Monday formally announced that a reduction of lb per cent, in tho seeded acreage would bo required of, farmers joining in the United States Government’s wheat plan. Argentine Attitude Towards Wheat Agreement SACRIFICE FOR FUTURE BUENOS AIRES, August 28 The Minister of Agriculture (Senor Duhhu) said on Monday;-"-"Argentina may not sign the London wheat priceraising agreement, but if the sacrifice imposed on Argentina promises to bring an equivalent benefit in the future, the matter will be considered with the roquired serenity and. urgency.”

Bad Wheat Season in Canada

BUT EMPLOYMENT BETTER

OTTAWA, August 38.

The -world wheat situation is dominated by two considerations, Btatos the Dominion Bureau of Statistics. First comes the greatly reduced North American cereal production through drought and exercise heat over the central areas of tho United Statos and largo areas of tho Canadian prairies. The second is the prospect that Europe has harvested a bountiful crop, rendering import requirements abnormally low. The 1933 Season has boon one of the most disastrous in the agriculture history or Canada and United States. The Bureau of Statistics reported on Monday into Canadian industry in July. A survey of industrual plants showed an aggregate roll of 804,219 on August 1, the highest employment level for tho past twelvo months. In the four months, April, May, June, and July, 104,000 persons wore added to the industry pay roll. Altogether it is estimated that the number of unemployed in Canada has been reduced by 20,000 in the past four months.

Hunting for Buried

Treasure

Economic conditions Lave turned tLo thoughts of many people in the United States to two new fields usually outsido their customary existence—gold mining and treasure hunting. Courses in pan and placer mining uro being given in some Western universities, and from Dr, Matthew Stirling, chief of the Bureau of American Ethnology at Smithsonian, comes tho report that a new crop of buried treasure legends is springing up. Dr. Stirling knows this last fact because he is tho man who is called upon to decipher ail manner. of cabiilistic messages found on rocks and caves, especially in tho South. The hopeful treasuro huntors believe these to be code messages giving instructions for the finding of some treasure. Treasuro legends, ho explains, have existed and grown enormously since they were first reported by early explorers and settlers. Dr. Stirling explains that most of the messages submitted to his inspection are pictographs, so common among the Indians. Ho doubts if they could be interpreted by any man now living, and adds that the majority probably had no meaning even to the Indians that made them.