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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (Nov. 21, 1934)
MEDFCmD MAJL TRIBUNE. MEDFORD, OREGON, TVEDNESDAT, NOVEfBER 21, 193J. PAGE FIVE ?WHEAT REDUCTION STILL NEEDED TO m GLUT Conference of Nations Told Agreements Undermined by Dumping and Price Cutting Some Countries By AKBRRT W. WILSOM (Associated Press Foreign Staff.) j BUDAPEST, Hungary, Nov. 21. Toe' "glut" of world wheat stocks attll ' menaces prices, making continued i acreage reduction a necessity, ttie world wheat conference was told to- j I day in the report of the London ad- ' vieory commission. The conference, attended by rep- reaentattves of the principal whent j nations of the world, under the chair- j manship of John Van A. MacMurry, ! American - minister to the Baltic states, also had before It reports that he pacta it haa promulgated have I been undermined by the sales pol-! Idea of several Important grain pro-! duel n nations. Statistics compiled by the commls- ! trion were designed to disclose how j dumping, price cutting, and govern- f ment subsidies were responsible f jr i the recent slump In world markets. Two Countries Blamed. It was reported that Argentina and (Prance bear the brunt of the criti cism, but the findings of the com mission were not divulged. Soviet Russia was represented at Wie conference this year, for the first time, by Abraham Kasaln, president Of the Russian grain export monopoly O Moscow. ' The advisory commission's lengthy review of the world wheat situation was explained by Andrew Cairns of Canada, secretary of the commission.' It stated that despite the drouth which ravaged most of the producing' nations last summer, world prices were yet menaced by oversupply. The world carryover of stocks of the battle cereal will be between 750.000. 000 and 800.000,000 bushels August 1, 1035, the report estimated, compared With 1,400.000.000 August 1, 1934. Set Normal Figure. The 1922-28 average of 625.000.000 bushels has been adopted by the con ference as the normal figure for world upply. Nicholas Kalloy, Hungarian minis ter of agriculture, made the opening speech, welcoming the wheat diplo mats, and outlining the Hungarian position. He said Hungary already cad sold Italy and Austria all the wheat she will export during 1934. He declared this amount was consid erably below normal because of the drouth. Chairman MacMurray responded briefly, expressing the desire of tha TJnited States to cooperate in all measures which were capable of bringing better wheat prices to thj farmer of the world. It was learned that Dr. M. Hod-ia, Chechoslovakian minister of agricul ture, is fathering an agricultural bins of the central European state, to pra Tlde that the debts owed by the oen ifcral states to the western Fuxopean countries should be paid to farm products. Dr. Hodza claimed that the gra:n monopoly in Czechoslovakia had been successful, and declared he was sug gesting Its extension to cattle. Australia Cuts Crop. In revised figures for the amount Of acreage production. Australia was i credited with curtailing production i toy 13 !4 per cent, compared with 1933, j but It was Indicated that later in- j formation would Indicate a allghtlv j larger figure. ' I The figures for the United States and Canada were not made public 1 because they were still open to re- j Tie Ion. j It was understood that Argentina's reduction was placed at six per cent. I but Rudolf Garcla-Arlaa, Argentlnan I delegate and regarded as key man of j the conference, was expected to re- i port that his country's reduction i would be at least 10 per cent. To the reported charges that ir j policies were demoralizing the world j wheat mnrket. it was understood the j French government's defense would I be that It had agreed to ship prat- I tlcally no wheat on condition -he1 other countries lived up to tholr agreements. Argentina Has A 11 hi. Argentina, on the other hand, has , declined to make any commitment ! since the breakdown of last year's quota agreement, which she claimed handicapped her because it was made before the extent of her 1933 crop wa known. Her delegates say she waa forced to postpone a decision on new quotas until the present confer ence, although the new wheat year already Is four months old. North Americans assert Argentina must be bound by the 148.000.000 buehel quota tentatively allotted ner last year for 1934-35 until new ft- ' uree are decided upon. Sweden is the only one of 31 coun tries Invited which informed the con ference "she was unable to send a delegate, but the government said It favors all measures under consider- ; atlon. ! Thes- Include agreements on export quotas for the next three years and a reduction In world acreage sown to wheat. IN RIDICULE SLAYING SEATTLE. Wa-.ll.. Not. 3!. (DP) Charles O. Duke. 61. reputedly weMthy prcTvrty holder, shot and killed Dr. Lwn W. Sqlllrr, n osteo path on Oct. 5 because he was driven to the verve of Insanity by the ridi cule of five men. hu attorney plead ed In court today. Dr. Squler and the other men mocked and tormented the defend ant. imitt:r. hi. rharact1ttc and e.r.aira dT'e:e rone, a Jury of sev en men a-d five wen-rn was told a. tfcs murder trial Qpesod. IIP it's. 1 wr W,w e I I r i fir , ff -TT-Wf. i Licensed by I R. C. A. and I World Range What a Radio at this Low Price! 1935 performance and Tfe rffo. styling. 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