The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1933-06-30
Hold R00SEYELT'S
ULTIMATUM ANSWER
is NOT ACCEPTABLE
British Consider American
Statement Fair But France
Rejects II
MAY HALT FLUCTUATIONS
Permanent Sterilization Held
Out Of Question Under
Present Conditions
MAY HALT FLUCTUATIONS
BULLETIN

BULLETIN
Campo Bello Island, N. B., June 80.
|-P-President Roosevelt regards the
question of temporary sterilization of
currency as banking rather than q
governmental problem and therefore
outside the immediate realm of the
troubled London economic conference.
Major developments Friday at the
world economic conference included:
l. A new crisis on the stabilize
ton issue, gold-bloc countries having
refused to accept an answer by Presi-
dent Roosevelt to their proposals.
2. Blocking by the Bank Of Eng
land OF Americas hope to extend its
price-ra1sing program to other coun-
tries.
3. Declaration by Australia Of three
conditions under which it would agree
to cut in world wheat acreage.
4. Proposals by England of a plan
to end chaos in the sugar market.
OF these the sterilization issue re-
manned the most troublesome and it
was apparent Friday night that the
deadlock still continued with the next
move up to the United States.
Waiting on Washington
I'VE are still waiting on Washing
ton," said Finance Minister Georges
Bonnet of France after q meeting
attended by leaders of the gold bloc.
American Assistant Secretary Of State
Raymond Moley, and Prime Minister
Ramsay Macdonald and Chancellor
OF the Exchequer Neville Chamberlain
Of Great Britain.
Before the meeting high British
quarters had said they definitely un-
derstood President Roosevelt had re-
piled favorably to a plea to prevent
|erratic dollar fluctuations. According
to the British, the reply amounted to
substantial approval in principle il not
full acceptance.
After the meeting 1t was understood
from an authoritative source that 4
new gold bloc proposal, under which
America and Britain would join III
stopping currency speculation and
would aid in preventing violent flucs
tuations OF the dollar, had been SUBJ
mitted to Roosevelt. His answer was
expected Friday night.
The original gold bloc proposal,
which was forwarded to the president
by Moley Thursday night, contained
not only a provision about speculation
but also called for declaration that
the signatories pledged themselves to
ultimate Sterilization.
Bans Sterilization
It was understood that Roosevelt
was willing to accept the proposals TOR
stopping speculation but he told Moley
there must be no specific mention OF
sterilization"
The president Is said to have stated
that the proposal must be confined to
a fight against speculation.
Roosevelt's reply was regarded In
high British quarters as favorable
The gold bloc, however, would not &C.
cept.
At meeting at the American en-
bassy among the interested parties,
including Moley, the phraseology Of
the gold bloc proposal was debated.
A new draft finally was drawn up,
it was said, and Moley forwarded it to
the president. What changes were
made in the original draft was not
known.
In a well-informed quarter close to
Moley it was said the assistant secre-
tary of state was expecting favor
able reply from Roosevelt.
What Australia Wants
Australia's conditions governing the
wheat problem were:
l. An arrangement for effective
cooperation by European countries,
the nature of such cooperation not
specified.
2. Definition Of the average pro-
duction per acre as basis for linita-
ton
g. The right to export during the
season Of l934-35, In addition to the
amount provided for export during
that year, any deficiency in exports
for the year 1884.
The average production feature is
Available data place the
average yield In Australia at IL BUSH
lis to the acre but the average for the
asst three years has been 1913 bushels
md the Australians insist on this fig
ire. II this Is agreed to Australia's
reduction would be made on the basis
If 100000 acres instead of smalle,
acreage.
II these conditions are agreed to. q
message from Canberra said. Australia
accepts lin principle" the plan for cut
ing world wheat acreage.
Virtual stagnation in conference ac-
tivities pending settlement OF the Bit
ter monetary row was evident as the
conference chambers were all but
empty as the hour approached for
afternoon committee meetings.
BOMB AMERICAN PROPERTIES
Havana, June 30.-(FETwo bomb
Ings of American properties occurred
early Friday apparently in protest, au-