Evening star., 1934-04-15
WHEAT CONTROL
ADOPTED IN ROME
Four Men Would Regulate
Movement in World Sta
biIization Plan.
BY the Associated Press.

ROME, April IA plan for fixing
minimum wheat expert prices was
adopted by the World Wheat ADVISOR
Commission today-the first interna
tional agreement for price stahiliza-
ton in the universal efforts to bring
about economic recovery throughout
the world.
The commission strongly recon-.
mended the plan to the governments
represented by delegates at the meet
ing here and urged that the govern
ments act before May 4, when a COM
mittee Of experts will meet in London
to put the price system into operation
-Four men with wide powers will be
designated, under the agreement. tc
sit in London and control the worlo
movements Of wheat.
Quotas will be granted by the all
powerful four, and prices will be raised
or lowered in the various countries as
far as exports are concerned, accord
ing to quota shipments. Sales below
or above quotas will govern the in
crease or reduction in prices. u.
The Advisory Commission considers
this to be a good method Of controllins
quotas through prices.
1t was officially announced thu
minimum price plan supplements the
London wheat agreement.
Definite Agreement.
The commissions communique to-
night said: The Wheat Advisory
Committee meeting today reached ar
agreement on the lines of a definite
recommendation to the governments
regarding export prices
This recommendation is regarded
as supplementary to the provisions OF
the international wheat agreement
Uondon) and not as lessening in any
degree the need for full observance
of both the letter and spirit of that
agreement with particular reference
to the adjustment Of production and
efforts to effective demand.
In framing the recommendation
the committee kept in mind the de-
STABILITY of avoiding, as far as pos
sible, interference with the machinery
and practice of world trade in wheat.
1t is hoped by the committee that
decisions Of the governments will be
reached in time for final action when
the meeting reassembles in London,
May 4.
1t was suggested that the May 4
meeting fix schedule for an increase
Of or 10 per cent in the present
price Of Manitoba No 2 wheat and
other types in relation to the export
quotas.
This, however, was not a fixed
agreement and it will be up to the
London gathering to determine
whether the specific suggestion will
be followed.
While the plan was not officially
made public, an unofficial report said
it contained such suggestions as the
following:
All big wheat exporters would be
under strict export quota regulations,
and are asked to refrain from barter
dealings or other transactions which
would hurt the minimum price plan.
Flour prices will be fixed at definite
percentages to corresponding wheat
grades. Wheat products, such as
semolina, will be restricted along with
wheat.
Exporting countries will be asked
to make sure their internal prices
are at least as high as the minimum
export price. This is viewed as an
essential safeguard against the ex-
port of -four at lower than minimum
wheat price figures Withdrawal of
quantities by denaturing is suggested
as one method.
The question regarding the export
project was not put to a vote-this
action explaining why Argentine dele
gates, who yesterday said they believed
the plan offered too many chances
for evasions, favored the scheme with
out registering a reservation.
John Van A. MacMurray, American
Minister to the Baltic countries and
chairman of the commissions ses-
sions, merely said, IF there are no
objections shall consider the report
adopted"
When no one answered he then
said. report adopted"
Will Go to Argentina.
Frederick E. Murphy, Minneapolis
publisher, will be sent by the United
States Department of Agriculture as
special representative to Argentina
to study Argentine efforts to reduce
wheat acreage. it was learned.
An exchange of kilograms between
Secretary wallace of the American
Agriculture Department and Mr.. Muir
ply, who is in Rome attending meet
ings of the World Wheat Advisory
Commission, settled the matter.
Murphy will return to the United
States, however, and spend several
weeks here before going to South
America. He hopes to be in Argen-
tina before the seeding season begins
several months hence.
Argentina hitherto has found diff
culties in bringing 1er agreed acreage