Evening Star Newspaper, June 29, 1931, Page 12

THE EVENING STAR. WASHINGTON. D. (. MONDAY, JUNE 2, 193 — Furnished and Unfurnished Apts. 1, 2 and 3 Rooms FOR RENT COPLEY COURTS 1514 17th St. Phone Decatur 0300 9678 CLEANING DOMESTIC and ORIENTAL Dusting, Scouring, Repaired and Stored Estimates Furnished NESHAN G.. HINTLIAN 818 17th St. N.W. Store Your Furs with experts For twenty-five vears furs have heen entrusted to us safckecping mothproof enongh for family use These c the mod garment. st even less than ite charges per Cleaned and Stored FIDELITY STORAGE 1420 U Street N.W. North 3400 June. July and Angust YOUR HOUSE Chain Pendant and Acorny 3-Way Switch. Living Room: $-Light Shower; Switch; 1 Plug. Dininz Room . #-Light Shower; Switch, Unit; Switch Complete as Listed, Installed, 5100 Telephone NAtional 0140-2622 and Representative Will Call C. A. Muddiman Co. 911 G St. N.W. - OVER THE WEEK END $8.so ROUND TRIP NEW YORK ON SALE FOR USE EVERY SATURDAY TO INCLUDING AUGUST 29th Tickets valid in. coaches or Pullman cars (upomn pay- ment of Pullman charges) Good going on all trains frorn 12°25 a. m, to #nd including 5:00 p. m. Sat- urday, except the Colum: bian. Good for return on all trains ezcept the Co- lumbian from New York (Jersey City), to and in- cluding 7.00 p. m. train Sunday. MOTOR COACH CONN with all B. traine Jersey City and New Yomk. This low fare affords an oppor- tunity to visit New York Sat day and Sanday at very reason- able coxt. Baltimore & Ohio Withdrawal of Gover tition Is Hai‘l.ed as | Timber Famine President| Hoover is making every ef- fort w.thii hir powos under existing ssist industry during the pres- p.ession. While many persons not all of them of the cpposition politi- | I{cal party—ate dicposea to place the | blame for all economic ills on the White House and to do ncthing themselves but hurl bricks, the Pr nt is devot- | ing much thought study to the Broblems of inaustry that come before | nim and is taking constructive action | when he finds it possible. This is straced by action recently ! taken to aid the lumber trade which is at a particu'a: It of | { the depress unt ot | the fact th | { off about 50° per c in large market for 1 | On Ma the P ent d thus shutting out est, products. y dent instructed || Arthur M. Hyde, Secretary of Agricul- ture, to “morc definitcly define the { | limital of leascs in the National | forests. nslated into industrial par- |]1ance, ‘this meant Mr. Hoover ordered that the sale of commercial timber in | the National forests.bz suspended until here is a renewed demand for lumber ¢ products of the forests. vernment no longer will compete with the private lumber | manufacturers in an industiy where overproduction is a widespread Tule. Few Exceptions Made. Certain exceptions were made. For example, where a community is depend- upon the operation of sawmills ; National forest timber, logs turnished to such mills cales of timb r not exce ding lwcal use are generally per- d the cutting of puipwe od, of s quantities are imported . may continue. e ediately upon receipt of these in- stngetiont, | Secrétary . Hyde _conferred With officials of the Forest Scrvice and within a fed days the new policy cover- ing timber sales on the national forests was reduced to writing, formally ap- proved and communicated to field of- ficers all over the country, and is now in operation. President Hoover about R year ago appointed the United States Timber | Conservation Board, headed by Robert {P. Lamont, Seccretary of Commerce Secretary Hyde was made a member of | the board because of the important timber holdings of the Federal Govern- ment in the national forests and the ve large ate timber acreage lowned by farmers throughout —the | country. Ray Lyman Wilbur, Secretary of the | Interior, was designated to serve on the { board because his department likewise !is charged with the admipistration of enormous areas of land col able commercial timber =of it belonging to the Federal Govern- ment and other large areas to various Indian tribes. Other members of the Timber Con- | servation Board include three outstand- ing lumbermen and Carl R. Gray, presi- dent of the Union Pacific Railroad; John C. Merriam, president of the Car- negie Cornoration of V: ington; George D. Pratt, president of the Ameri- can Forestry Association: Paul G. Red- | ington, president of the Society of American Foresters; Charles Lathrop | Pack, president of the American Tree Association, and others This board held its first public hear- ings here on June 10 and 11, during which the situation in the pulp and paper, news print and lumber industries was graphically presented. Among the suggestions advanced as emergency re- | Tief measures were the stoppage of | timber sales by the Gevornment itself | as a step in the dircction of stemming | the tide of overproduction. Dr. Wilson Compton, secretary and manager of the National Manufactur- ers’ Association, commented upon the jfact that the President had iscucd an | executive order virtually declaring @ | { moratorium on the sale of timber means b 'LUMBER TRADE IS STIMULATED BY HOOVER RELIEF MEASURES | 000,000,00C feet, sufficient, without al- nment From Compe- mpetus to Revival. Held Unlikely. in the White Housp, when the national forests came into being. In this con-| nection Dr. Compton recalled that back in 1880 the late *Senator Eugene Hale of Maine predicted that within 40 years thereafter the Pine Tree State would be barren of timber. “At that time,” said Dr. Compton, | “the estimated timber stand in Maine | was about 6,000,000,000 fect. Since then Maine has cut nearly 44,000,000, 000 feet of lumber and has a timber stand officlally estimated at about 35,- lowance for any regrowth, to sustain the present rate of cutting for 182 ears. “A quarter of a century ago there were tepeated and dramatic forecasts of a timberless America within 30 years. Perhaps the most noteworthy result of that stream of publicity was to inspire a furious, and, as it turned out, an un- timely and unwarranted, speculation in | Western timber. Thousands apd thou- sands of persons financially of low and high degrec bought small {racts and large tracts of timber, much of it ‘sight unseen.’. A large part of it, in isolated small holdings in the mountains of the Pacific Coast, is worth less today than when it was bought. With the taxes and carrying charges, thousands of these properties represent a net +loss and in some instances a total 1oss to the investor. “In 1915 #n official estimate of the total lumber stand in Virginia was 14,- 500,000,000 feet. Since that time the Census Bureau has reported an aggre- gat> lumber production in_Virginia of over 11,500,000,000 feet.- The average annual cut in that State is still nearly 750,000,000 feet and the present timber stand i estimated at 80,000,000,000 fcet. Pine Production Inercased. “Again in 1919 official and unofficial forecasts predicted th:t within 10 years the Southern pine lumber production would bave declined fr-m 30 to 40 per cent. Ten years later the production of Southern pine had declined 19 per cent | to about 12,000,000,000 feet annually. | And now come the succession of unpub- | lished reports of official and unofficial observations of profess‘onal foresters fa- miliar with Southern pine territory that the Southern pine forests aré even now | growing timber at rates variously judged at_between 16,000,000,000 and 20,000,~ 000,000 feet annually, or more than 30 per’ cent in excess of tie annual pro- duction in that, region “According to pressnt admitted esti- mates of timber stand and of lumber production at the average annual rate cf cutting fcr the five-year period from 1925 to 1929, and without allowance for the extensive new growth of timber in the Western forests, the timber supply of Washington is sufficient for 35 years, Oregon 91 years, California 141 years, *[-uislana 22 years -and Mississippi 26 years. These are the five leading States in lumber production, representing one- half of the total lumber production of the United States, and the indicated timber supply is sufficient for 56 years— and at the rats of cutting prevailing during the last 12 montas, for 100 years. ‘The truth seems to be that all past estimates as to availabl> timber supply were wild guesses. Instead of promot- ing timber conservation, as intended by the enthusiasts of a quarter of a cen- tury ago, in many instances the ery cf approaching “timber famine” has tend- ed to cut down lumbej consumption on the theory that by using less wood the | cupply would be conserved for future generations. The result apparently has been to leave in the woods as waste & Jarger proportion of the felled trees for | lack of a profitable market. A survey to determine more accu- rately the extent of the present supply of standing timber and the volume of regrowth is now under way, but is pro- ceeding slowly on account of limited appropriations. Some of the rather startling increases now disclosed in the 5 have resulted rrom this cfficial , indicating_that the Nation much richer in timber resources than had been generally believed even a few years ago. Brokers’ Comment NEW YORK, June 29.—The consen- sus of ‘brokerage house letters today was that higher stock prices were indi- cated for the immediate future. H. Heniz & Co.—We feel that the market will go higher, but from here on we are going to meet some real re- sistance and a volume of selling on the part of those who now find they can get out from under. In the second half of July our enthusiasm will be tempered by bad quarter reporis, and it will be still' too early to look for any material changes in business. | E. F. Hutton & Co—We see no change in th> market. It is illogical to ippose_that the current improvement i1 come to an erd without some weeks irading around the high prices and a | measure of loan expansion and general | public participation. Jackson Bros., Boesel & Co.—Power- | ful forces have finally been set in mo- tion to bring about a world recovery in commerce and credit. Carefully made plans have been developed, and the va- rious steps in the definite program of rehabilitation, we may assume, will be revealed in logicai order. The so-called Hoover plan for a moratorium on Ger- man reparations and international debts 15 the crux of the new order of things, but we may safely ascume that many additional congtructive develop- ments will be seen in this country and / abroad as a natural outgrowth of the Hceover program. Hornblower & Weeks—The line of least resistance continues on the upside and we would follow issues which by their action indicate renewed market sponsorship until there are definite in- dications that important resistance is being met. Redmond & Co.—The market is still faced with a series of poor second quar- tor earnings reports, but there is a dis- position in many quarters to regard them as so much water over the dam. It is doubtful if most of the leading steel companies will earn their preferred dividends in the second quarter. R. V. Hiscoe & Co.—We question that |t is advisabie to buy stocks on advances, | but believe that the market has turrad defihitely awsy from a bear phase. Shields & Co—A continued good | stock market will prove the most power- ful influence to business improvement possible, and if the news breaks as ex- pected ‘there is reason to expect that the changed trend in stock prices will be maintained. Trolley Busses in London. London's first service of trolley busses has just been inaugurated. The | route stretches from Twickenham | Teding‘on, but shortly will be extended | to Kingston. Before Fall 17 miles of | London’s street railway system will be converted to trolley bus operation. "Tobaceos like these require no parching We use the Humidor Pack of moisture-proof What good would it do to wrap Camel cigarettes in moisture-proof Cellophane if all of the natural mois- ture had been parched out beforehand? Parching, as you probably know, is a high heat process sometimes used in an attempt to reduce the burn and bite of harsh strong tobaccos, Camels, on the other hand, are a blend of choice Turkish and mellow Domestic tobaccos that are so ripe, mild and cool they need no artificial treatment. Parching tobaccos like these is unnecessary. It could only destroy their delightful | from the natfonal forests in commercial i quantities, Dr. Comp' went a .((r‘p} | further, urging the wisdom of apply- |ing the same pclicy to timber on un- | { reserved public lands, particularly the | | Oregon and California railroad grant | lands that had reverted to the Govern- | ment and. in so far as its trusteeship | !would permi!, that the Government | take the same ‘action with regard to the | | timber on Indian reservations. | _Still another suggestion urged by | Dr. Compton, who &poke for the lum- ber manufacturers as a whole, was an emergency moratorium on annual tim- ber-cutting requirements on Govern- {ment land, on application of any man- {ufacturer who is under contract to cut Government or Indian owned timber. | ~'On June 13, two days later, Secretary { Wilbur issued orders through ithe com- | missioner of the General Land Officc and the commissioner of the Indian | | Service to restrict sharply the sale of | {timber on the reverted raiiroad lands | |and the sale and cutting of timber on Indian-owned lands, whe could be done without wor | ship upon, the Indian owner: Secretafy Wilbur was out of the city | when the board held its hearings, but | was represented by a_ subordinate ' offi- |cial. The boaid called to his atlention the emergency suggestions advanced at | the hearings. and the Secretary .taok immediate action, stariing the machin- ery in motion on Junc 12 and secing | that appropriate orders went out on| the following day. Government Competition Removed. These practical and constructive COTTAGE " CHEESE has many uses FOR a tempting salad, for instance: crisp, green let- tuce leaves, and a snowy mound of Cottage Cheese... covered with chopped green peppers and nuts! Or for cheese cakes, cheese pies, or cro- quettes . . . There's nothing more refreshing and delicious than Chevy Chase Cottage Cheese. It’s a health- food that tastes good too. Telephone West 0133 Wise ll’ralhefi CHEVY CHASE DAIRY ) A K] o N 0O F DAIRY . measures by the Hoover administration virtually will eliminate all important Government competition ~in _timber sales and they are deemed highly im- portant by cutstanding men in the Iumber industry and by economists and others conversant with the present- day problems of the forest industries in ‘general. - They do not involve “put- ting the Government into business” in any sense of the term, but are designed to get it cut of active competition with the lumber industry at a time \v}xsn that industry is known to be ailing. The illness is very real. according to Dr. Compton, who told the board that “the condition of the timber and lumber industries is perilous, in fact omincus,” and added thet “no useful purpose is served by withholding frank declaration of that fact.” Consideration now is being given to the suggestion that the Government caneel “cutting requirements” on ap- plication of lumber manufacturers who under contract” t9 cut Govern- ment-owned or Indian timber at a specified rate annually. This involves | some complications that do not apply to the making cf new sales of consid- | | erable dimensions, but the is that it will be found feasible to suspend cuiting requirements in many instances. Various other sugnested emergency res were advanced and carefully by the Timber servation Board. One of these is the | advisability of fixing production qu-tas | for ench region ot specis as an aid to | the ber indnstry in keeping supply | and demond in re2sonable balance. | Another is Government sanction to | “reasonable trade agreements”Yor puty ting lumber praduction uncer control, | “subject to supervision of a suitable present agency of the Government or | of some special Faderal commission.” | Adoption of such measures might re- auirc some modificaticn of the anti- Sive “|'trust 12ws as applied, to mnatural re- | source industries, such as lumber. | No Famine in Prospect. | still another suggestion laid before the board was the wisdom of a frank | public declaration that there is no rea- fon to believe there will be a “timber emine” or “timber shortage” in the sors~ of a lack of an ample national | lvmber supply, such as has”bsen pre- dicted from time to time for half a century and especially during the regime of the late Theodore Roosevelt B-ln or shine my Camels are always shi the Humidor Pack. Salt air can’t touch . @151, R. 1. Reen w ds Tobaceo Company inston. ic: lem, N. Co them aroma and fiavor, to | CLAFLIN Optician—Optometrist 922 14th St. N.W. Established 1889 Subscribe Today It costs cnly about 1% cents rr day and 5 cents Sundays to ave Washington's best newspa- per delivered to you regularly ’ev-.'y evening and Suhday morn- ng. Telephone Natioral 5000 and the delivery will start immedi- ately. The Route Agent will col- lect at the end of each month, Cellophane to preserve every vestige of that original flavor. It prevents the loss of natural moisture by evaporation, keeping Camels fictory-fresh wherever you buy them. This air-seal also makes the-cigarettes germ-proof, dust-proof and taint-proof. If you aren’t a Camel smoker, switch over to this brand for one whole day. After you have learned how cool and mild they are, how flavorful and fresh, go back to your old brand—if you can. No v CIGARETTY AFTER-TASTE Don’t remove the mosture-proof Cellophane from your package of Camels after you open it. The Humidor Pack is protection against sweat, dust and germs. It deliyers fresh Camels and keeps them right until you smoke the last one Tune in CAMEL QUARTER HOUR featuring Morton Downey and Tony Wons = Columbia Broadcasting System — every night except Sunday