Evening star., 1933-06-19
Gold Bloc Asks
Adjournment
of Parley.
FRENCH FIGHT
L. S. PROGRAM
Paris Voices Threat
to Retire Behind
Tariff Walls.
BY the Associated Press.

BY the Associated Press.
LONDON, June 19.-Adjourn-
= ment of the World Economic Con-
ference until the question of sta
bilization of currencies can be
settled was advocated today in
the conference headquarters lobby
by the European gold bloc. 1t
was understood the French were
fostering this program on the
ground that no progress was pos
sible on other lines until some
form of stabilization had been
achieved.
The adjournment talk was entirely
unofhcial, but it was so persistent and
far-reaching that it was being privately
discussed by the heads of the important
delegations.
In the gold bloc group, which Is
headed by France, month 10 SIX
weeks was mentioned as the prooaole
length of the adjournment.
France and her adherents asserted
That everything rests with washington
and that there is no use trying to con-
tinue the conference until President
Roosevelt issues final Instructions 10
the American delegates.
This DEVELOPMENT came just as tne
conference committees ADJOURNED iol
the day until IL o'clock tomoffo"
morning.
Oficial negotiations for controlled
stabilization of the major currehcles
were understood to have come 10
complete standstnl. e,,r
Everything was said to hinge on 1uL-
Hher word from President Roosevelt III
American delegation quarters waS
stated that nothing was expected from
sbe president pending his conversation
With George L. Harrison, governor OF
sbe FEDERAL Reserve Bank Of New YORK,
Who is now en- route from London 70
America.
Dollar In Fresh Slump.
co,ncident with this situation, the
dollar had a fresh slump, reachlns
S4l4X to the pound by mid n.
T-nis took it entirely outside the range
which had been suggested Tor con,
troIIed stabilization. This range mac
heen set bv experts between s4o4 anu
x4 OF for purposes Of discussion
Runors that officials OF central oailhs
had reached a secret agreement 10 ue-
gin stabilization were empnaIlcany u .,
MED by important American iiiaiio'"'
+ was explained that the centrai
h.nk chiefs have followed the sltua-
tion and have developed possible tecnm-
caI nrocedure to be used II and "nen
final agreement is reacneo.
Flat opposition to President Hoose,
volts priee-raising program was lalo
by the French before the conference
Thev urged the world to ADOPT gov
ernrnental agreements regulating tlie
production and expectation OF oa1'i'
raw material xo.- ;r .
,,er,orandum presented by Robert
CoI,londre. assistant director OF polltlcal
snd commercial affairs Of the torelen
offce Albert Sarraut minister OF
colonies carried the attack against NJ
cation further by declaring before tne
economic Commission OF the coIlerenCe
that something tangible along the uIies
the French had suggested must pe az,
couplished or France would De IolCeG
to retire behind tariff walls erec'eo
about her great empire.
Discussions Up to Now.
The stabilization discussions up tc
date were explained in brief as loiIo"S.
Conferences of experts at the BrlVlsE
treosllrv. at which MeSsrs. Sprague anC
Warhl,rg the American experts, paruci-
mated developed a tentative plan.
This plan was cabled TO Washington
and Washington replied, raising certain
questions which must be adjusted before
II
NTfi the American experts then replied
to washington regarding these queS'
tions. ,,,,,,a.o,, 4,
further word from Washington
not expected for some Gays, u,o,.
pere being held up pending the arriVa
Of RAYMOND Moley, Assistant Secretary
Continued on Page 2, Column l)