Evening star., 1933-06-26

made it impossible to rescind restric-
tionS on exchange.
A just settlement of the war debts
and stabiliZation of currencieS, he said,
should precede the lowering of tariffs
and other trade barriers. He suggested
that measures be taken to guarantee
central banks against runs.
Prices Before Conference.
Problems raised by what Europeans
call american monetary maneuvers"
to increase commodity prices were
thrust back into the conference today.
Informal conversations of French,
Italian, Swiss, Dutch and Belgian dele
cations are understood to have resulted
in an agreement on the necessity of
blocking all American moves to induce
the conference to embark on an "arti-
fetal" means of raising prices.
The fear that if the United States
dollar loses much more Of its value in
world markets some or all of these ma
tions may be forced to abandon the
gold standard is believed in some quar-
ters to be back of this determination.
Senator James Couzens' resolution
last Thursday urging the adoption OF
public works programs similar to those
in the United States and the imminent
arrival of Assistant Secretary OF State
RAYMOND Moley with what the gold
bloc countries fear are instructions to
press for a broad international accept
ance of policies similar to those OF
Washington have brought the feeling
to head.
Wheat First Objective.
Meanwhile, Prime Minister Ramsay
Macdonald of Great Britain, president
of the conference, has picked upon
wheat as affording the opportunity Tor
the first major accomplishment of the
gathering, and every effort Will be
made today and the next few days to
bring the long negotiations for a re-
stricted acreage agreement to con-
clusion
The exact nature of the new instruc-
tions from Canberra to Stanley M.
Bruce, Australian Minister to England.
remained undisclosed, but little hope
was apparent early today that Australia
will Fundamentally join with America,
Canada and Argentina in the scheme,
as was originally expected.
Mr.. Bruce has been cold to the
project since its inception, and Amerl-
can delegates are awaiting clarif1-
cation of the situation raised by his new
instructions with anxiety and interest.
Mr.. Moley is expected to arrive the
middle OF the week. In the meantime
leaders of the American delegation say
President Roosevelt'S instructions by
cable are being faithfully followed.
No Dramatics Expected.
Consequently, say authoritative
sources, no dramatics will attend his
arrival, and the Americans attitude is
not due for a change, one way or the
other, although Mr.. Moley and Mr..
Roosevelt conferred shortly before the
formers departure.
Two of the Assistant Secretary's re-
cent remarks were recalled in this con-
nection, that wise international CO.
operation can help distinctly and per-
manently," and that "our domestic
policy is of paramount Importance"
An extensive range of work has been
cut out for committee study, beginning
today. Three committees planned pri-
vate meetings-the monetary subcom-
mittee on immediate measures, Senator
Pittman's Silver Committee and the
Committee on Technical Monetary
Problems.
Tariffs and quotas, coordination Of
production, subsidies, commercial pol
icies and merchant shipping are some
of the problems the economic groups
are to study.