Evening Star Newspaper, July 5, 1932, Page 16

VING STAR, WASHINGTON, D. C, TUESDAY, JULY 5, 1932. SALES. AMERICA’S FINEST MEN’S WEAR 'A—16 * GONTROL OF TRADE BRITISH OBJECTIVE Ottawa Parley Aims to Tie Dominions Into Eco- nomic Unit. Shower of Lollypops Make Childhood’s Dreams Come True By the Associated Press. PHILADELPHIA, July 5.— Childhood’s wish for a mountain of ice cream was matched with one that came true yesterday, when it rained lollypops upon some 900 youthful campers at Camp Happy, Philadelphia’s rec- reational project for children. More than 10,000 of them— red, yellow and green, of various flavors—were dropped from an airplane into the mist of the glee- ful youngsters, who scrambled for as many as they. could hold. Entire Stock of KNOX AND RALEIGH Straws & Panamas Bpecial Dispatch to The Star OTTAWA, Canada, July5 (NAN.A). +—TIdealism versus materialism! i e oo forces . the history of the |€00ds. A complicating factor in s British Empire will occur in this city | Connection arises from the fact that when the leading statesmen of Empire | $ince the World War, local tndustfies | countries gather July 21 at an imperial “"“exSPA“"S d“l’""“ _“;“:“,‘j P economic conference at the call of | Empire, an .y b s Prime Minister Bennett of Canada, in | strongly intrenched that the mere sug- | an attempt to bind approximately one- | estion ;{ h";“‘igu;l“‘“gm}?a:t;’e% b fourth of the world's population into a | market with Bri g i single economic unit. | modities may produce a conflict in the The aim of the conference, which will | conference which may have fatal resuits. : I““Therefore, observers feel that it wili be epochal whether it achieves its end | "nwise for British manufacturers (o | cherish any extravagant hopes that the delfberations of the Ottawa conference will result in the doors of the Canadian market being opened wide to them. What is true of Canada in this respect, may be equally true, in varying degree, regarding the other units of the Em- pire similarily situated. Wheat Market Vital But while Britain is going to seek new outlets for her manufagtured goods, Canada is desirous of increasing its market for wheat, and probably will demand the exclusion of Russian and or not, is to enlarge inter-Empire trade through a series of preferential tariff | agreements, and to otherwise solidify | Empire prosperity through the laying | down of economic_principles by which | governments in the British common- Wealth of nations may be guided Stabilization of inter-Empire currency, the wheat problem, development of na- | tural resources, the shipping of British | Products in British boats, and perhaps the question of Empire migration, un- doubtedly will be among other topics | included in fts agenda. | But as surely as idealism has been re- | sponsible for the calling of the confer- ence, just as surely will practical ma- terialism, to a large degree, govern its deliberations. 1 Plan Imperial Spirit. Idealism, as expressed in thought and | action by the conferees lies in the cre- | ation of a gigantic imperial spirit, which 3 is hoped will activate the conference. i'rhey warn that the delegates must not j enter the meeting purely in the spirit of horse traders seeking individual ad- vantage. There must be a oneness of | purpose for the greatest common good of the British Empire. Trade sacrifices ! must be made in the name of this ideal- ism, or the conference will lack the motive power to reach its goal. Materialism, on the other hand, will be the dollars and cents psychology upon whith decisions of the conference must be based. Capital investments, established industries and natural trade channels, in the final analysis, may be more controlling factors in a movement of this sort than the sounding of ideal- istic aims and the creation of Utopian atmosphere. The British dominions will have to hurdle the psychological effect of the failure of the 1930 imperial conference, | held in London, which ran aground following a proposal of Prime Minister Bennett offering Britain a preference in the Canadian market, in exchange for a like preference in the British market, based upon a full increase of 10 per cent in the tariff rates of Empire coun- tries as against all non-Empire coun- tries. That is, if Canada had & 10 per cent rate against a given commodity, under the Bennett plan it would have been increased to 20 per cent. Britain Sets Stage. Britzin had no tariff walls at time, -and the Bennett proposal t:":; termed “humbug” by Dominions Secre- tary Thomas. Today, however, the pic- ture is altered. Britain not only di- Yorced her historic free trade policy and followed out the Bennett plan of a 10 per cent tariff against all ,non-Em- pire countries, but she has embraced a Policy which specifies a tariff rate of 20 per cent against all countries outside the British commonwealth. Conse- qQuently, Britain has set the stage for negotiations along the line of those sug- ow itself proj to | trade more within the EmpI;re in view of the large investments she has in for. Je.éq\ countries, and to which trade is as e’s blood, cannot be foretold. Tariff arrangements with the dominions would certainly endanger these investments, and it is hard to see how British in- dustry both at home and abroad could withstand such a blow at this time, A conspicuous instance in this regard is Argentina, with which Britain carries on a large trade, and where British in- Yestments are actually larger than in Canada, her greatest «dominion, thO( course, it may be that Britain, in e conference, will seek to protect her investments in’ other countries, and di- Tect its economic attack solely at America, which may, only stand on the sidelines and observe the proceedings. Consequently the United States is vi- tally interested in 2ny part of the con- Terence, since she has a no trade with the British Em than $2,000,000,000 at stake, shie 3 SPRY %o demand , it 15 not cult to fores: the more British countries but\?'e (!r}(:: $ne another, the less they can buy from z?;);nU:x}i’ted f!ut&s. which has depended e) by !orpmy’n"gd;he past for nearly half . this 2ken, however, it is evide; conference has cut out for fitsrl‘?zz t;il: of no mean proportions. Certain econg. :_x;lsuh have “agreed that, like water tich finds its own level, trends of rade in prior years have assumed a :l;l:‘s;:lilc);r:nd have followed certain A :mrr;nmx;b::mch render them Trade Trend, They argue, as an insta large extent the North A;L:r'xcx::[cuénl- tinent has become a single economic unit, with trade flowing north ang south, and that, despite tariff barriers between Canada and the United States .‘u one time or another, the two nations have become one another's best cus tomers. For this trade to be diverted 1o other sources, they assert, means that | & natural trend must be reversed. They cite percentages of trade be- tween Canada and the United States over a period of 20 vears to sustain their contention. &da’s imports. Despite fluctuations over the intervening years, in the fiscal year 1931-32 the Unitec States still was supplying 60.7 per cent of Canadian im- ports. In 1911 Canada sold 38 per cent of her exports to the United States Today Canada’s export total to the United States is 40.8 per cent of her total sales While this has been going on Can- ada’s trade with the British Empire has been steadily decreasing. In 1911 Can- ada sold the Empire 54.3 per cent of the Empire imports. In 1931-32, however, this figure dropped to 38 per cent Canada’s purchases from the Empire in 1911 were 28.7 pe. cent of her total purchases. During 1931-32 this figure had dropped even lower, to 255 per cent, It is in an attempt to correct this situation, whereby Canada, the most important dominion in the Empire, is trading more with a neighboring state than with the mother country, that the conference will be held Approval Not Universal. It cannot be assumed, however, that in Canada the preference system has commanded universal approval. Cana- dian farmers and primary producers Tegard it as a useful weapon for easing the burden they feel has been placed upon them by the protectionist system, but it has been a target of constant criticism by different classes of manu- facturers who have felt it constitutes unjust discrimination against them. It has been particularly unpopular in the Province of Quebec, partly on account of the strong nationalist sentiment of French-Canadians, which sees no par- ticular need for special favors to other British countries, and partly because the - ‘Quebec manufacturers are the chief sufferers from British compet tion. To obtain any definite advantage from the imperial conference Great Britain must cbtain preferential con- cessions from Canada and its other , Soabling . to m'oon | other foreign grain from the Empire. {ada, ‘which are hybrid affairs, nefther | the other. action is to be succas.slullyv instance, in 1911 the United | States supplied 60.8 per cent of Can- At any rate, Premier Bennett is pre- paring to carry out his part of the understanding, and has requested the Canadian Manufacturers' Association | to survey the whole field of Canadian industry in relation to the tariff and to formulate suggestions about tariff changes to stimulate inter-imperial trade. ¢ Undoubtedly the association will not give any serious encouragement to a diminution of the protection now en- joyed by any of its members, but this does not mean that it will make no suggestions _of concesslons, since the Bennett ministry is quite’ capable of making tariff concessions to British manufacturers on its own account, even though they may be unpalatable to cer- tain local interests. 1t must be remembered, however, that the Bennett government came into power on a rigid protectionist platform, and while a_degree of concessions may be offered, it cannot completely alien- ate its industrial supporters by com- pletely throwing down the bars for the British manufacturers. Switch in Market. As previously pointed out, the weigh- ing of these factors may direct the at- tention of the delegates to agreements which, if entered into, would result in the transfer of Canada’s purchases of a large volume of commodities from the United States to Great Britain. Just how far Canadians themselves will go in buying British goods in pref- erence to American must, of course, be weighed against the value Canadians place on the market for their goods in the United ‘States. Through thick and thin the huge American market has re- mained Canada’s largest and best and before Canadian manufacturers recom- mend steps which will decrease this valuable field they will probably. de- liberate a long time. Another domestic factor, which will control Canada’s deliberations in the im- perial conference is that which revolves about American branch plants in Can- wholly American nor wholly Canadian; end the strictly Canadian plants. There can never be a community of interest, ||| so far as tariffs are concerned, be- tween these two classes of plants, on the one hand, and British plants on Agriculture Trade Large. According to a monthly Canadian® bank review, one-fourth of the normal income of the Canadian people is still derived frorp agriculture, and one-third from the sale of raw materials governed | by world sprices. This is where Canada has her great- est interest in the Imperial Conference. | It can yleld her a great profit if it can | assure her a more stable market for the absorption of an exportable surplus of foodstufls and raw materials, and in their prices. The stimulation of purchasing power, which would thereby accrue would redound to the benefit of her industrialists. | F the prospect of a gradual betterment ||| To gain such a position, however, she must sacrifice some of her industrial advantages. If the idealistic spirit is | all prevailing, the conference may take this turn. If more practical consider- ations govern, despite all the elabo- | rate staging which has taken place, the conference may accomplish no more than it did in 1930. | Copyright. 1932. by the North American | Newspaper Alliance, Inc.) South Carolina Bank Closed. UNION, §. C., July 5 (#).—The! Nicholson Bank & Trust Co. of Union failed to open foday. The bank is capitalized at $200.000 and its last state- | ment listed a surplus of $200,000. “Circulair” The New Way Fan Distinctively N e w— Circulates Air— Eliminates Drafts— Combines Utility With Beauty and i s Operation. “Circulair” graces the office desk, decorates the dining table, refreshes the nursery, keeps vigilance by the patient’s side —silently, ~safely, healthfully circulating (not blowing) the air, Revolutionary in design, practical in operation. A NEW fan at A New Low Price— $ l 9.50 Beautifully toned in Ma- hogany, Walnut, lvory, Green or Black Shades CHAS. G. STOTT & COo,, INC. 1510 NEW YORK AVENUE TELEPHONE NATIONAL 4151 1513 K St 824 17th 8t @ BEGINNING WEDNESDAY, 8:30 A.M. at Washington’s Finest Men’s Wear Store! A Spec:ial Purchase and Sale! $19.75 AND $25 TROPICAL WORSTED SUITS ALL SILK-TRIMMED 16" NE quality Tropicals from one of America’s finest makers. All smart new models, skillfully tailored, and featuring the most desirable shades of the season . .. Greys, Blues and Tans . . . plain, striped or in handsome mixtures. Ivery size in all models . . . regular, tall, short, stout or slim. CHARGE ACCOUNTS 30-Day Accounts ILLS for 30-day rendered at the end of each month and are payable during the following month. accounts are Extended Payment Plan UR Extended Payment Plan en- ables you to divide your pay- ments conveniently over several months—without any interest charges. 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A wonderful op- portunity to supply yourself with high-grade shoes at a very low price. $535 Reduced! $3.00 RALEIGH$1'55 STRAW HATS §5 AND $6 KNOX $3.15 COMFIT STRAWS $.7:.5°0 RALEIGH$3.85 PANAMA HATS $10.00 KNOX$585 PANAMA HATS ¥ $§15.00 KNOX $8'85 PANAMA HATS $20.00 KNOX $12.85 PANAMA HATS $30 KNOX PANAMAS $15.85 $40 KNOX PANAMAS $19.85 SEMI-ANNUAL SALE OF SHIRTS and PAJAMAS ELECT your Manhattan Shirts and Pa- jamas from Washington’s Finest Men’s Wear Store . . . Our Entire Stock of Shirts and Pajamas are included in this sale. $1.95 MANHATTAN SHIRTS & PAJAMAS $2.50 MANHATTAN SHIRTS & PAJAMAS $3.00 MANHATTAN SHIRTS & PAJAMAS $3.50 MANHATTAN SHIRTS & PAJAMAS $5.00 MANHATTAN SHIRTS & PAJAMAS $1.55 $1.85 $2.15 $2.45 $3.35 $2.85 Manhattan White Broadcloth Shirts HESE are the famous “Whip 129” and “Alma” shirts—regularly $2.85—in collar- attached and neckband styles. All sizes. 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