The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1933-06-29
NATIONS
THREATEN TO LEAVE
LONDON CONFERENCE
Threaten to Withdraw From
Sessions Unless StabiIi.
cation Is Achieved
BRITISH COMPROMISE FAILS
Question Is Laid on Uncle Sam'a
Doorstep; Rumors Fly
Thick and Fast
(By the Associated Press)

by the Associated Press)
A new currency sterilization crisis
developed at the world economic con-
ference Thursday, and was laid
on the doorstep Of the United
States.
Gold bloc nations issued an ultima.
tum that something must be done
about sterilization or they would quit
the London parley. A British attempt
at compromise failed, and 1t was de.
cided to carry the question to WASH
ington.
The nature Of the appeal being
made to Washington was not disclos-
ed. Rumors flew thick and fast and
among them was one that Premier
Macdonald was asking Roosevelt di.
rectly to join him in saving the world,
but this was officially denied.
principle and asked for help In con-
vincing the Australian states Of its
necessity.
The French proposed that the
London conference bring about agree
ments which would pool all CONNER
cial shipping In combine operating
with an account for receipts and ex-
penSes.
Virtually the entire conference ao-
tivities were given over to meetings
Of various groups discussing the sta
bilization issue.
Cable To Roosevelt
The British press reported the Am.
orleans had sent a cable to President
Roosevelt suggesting there was an ur-
gent need for definite pronounce
ment on this question and asking
when the president considered such q
announcement timely.
At American headquarters 4 was
stated q communication had been
sent to Roosevelt, but the account Of
this communication published BY Lon
don newspapers was denied.
The gold bloc ultimatlm psovJn9
a new and grave crisis for tho world
economic conference. The gold uat
tions, headed by France, declared
they would withdraw from the cone
ference unless something was dons
Immediately to achieve sterilization
Of currency.
The American delegation, while still
insisting the sterilization problem was
outside their province and was an adj
ministrative matter to be dealt with
by Washington, were compelled by tho
situation to give most serious con.
sideration to the question.
The Americans held a long session
at their hotel headquarters. In addi-
ton to the delegates those present in.
cluded Assistant Secretary Of State
Raymond Moley: Oliver M. W.
Sprague, q. S. Treasury executive
assistant, and James p. Warburg, one
OF the experts with the delegation.
In the meantime Macdonald and
the gold bloc representatives were
holding session which produced fire.
works. Representatives Of France,
Belgium, Holland and Switzerland de-
clared unequivocally at this meeting.
it was understood that they were
through unless support for stabiliza-
ton was forthcoming.
Opposition 'Softening'
Australian opposition to the Amer.
can program of wheat acreage reduce
ton, with the view Of raising the price
OF the worlds principal staple COM
modify, manifested what American
quarters termed "a definite softening"
Thursday.
Stanley M. Bruce at a meeting OF
the United States, Canada and Ar
gentina called especially at his re-
quest, made it clear that he and the
government grant the ne
cessity Of acreage reduction.
He also expressed the belief that
the Australian states, In which the
power of cooperating with the project
rests. may be brought around to
similar view providing certain condi-
tons are met.
The central Australian government
intends threshing the matter out fur
Their with the states at meeting Fri-
day.
Bruce asked the other wheat dele.
gates to prepare table Of statistics
and to present their positions, 50 that
he may cable them to Canberra.
AS outlined by Bruce, the attitude
Of the central government now is that
Of seeking from the states a grant OF
power to negotiate restriction agree
ment providing its conditions are met
The American contention remains
unchanged-that $4,000, 900 bushels ct
wheat in America alone must be dis
posed Of somehow, and that dumping,
which probably would follow If re-
striction does not allow it to be used
up normally, would be ruinous in the
grain markets.
FRENCH ADOPT MINIMUM