London, Sept, 2:
Cointident with the League of Nations debate on dumping at Gereva, "the bottom has been knocked right out of prices" on the British Corn Exchange.
According to an oficial of the Exchange the position has never been 30 grave for the British and ish Colonial farmer, Quota-Hons on the Liverpool ted ates exchanges have reached a ridieu-Tousty low level in consequence of Soviet grain, which is "planted, grown and reared by sects," being dumped on the markets ' by the Soviet's grain armada from the Black Sea ports.
A wt position exists in the United States. The Secretary of Agriculture declares that the Sovi is sclliog wheat short on the Chi-euge murker to the detriment of farmer, and adds that it is impossible for Russia to deliver grain in Chicago with a tariff of 42 cents a bushel.
Apropos the reports of Sovist wheat dumping, Carditt correspondents report the chartering of ves-sols on an unparalleled scale during the past few weeks by the Soviets. At least 170 cargo vessels, aggre-"over 500,000 tons," mostly sh, have been chartered—for wheat and wood to the Black Sea and ratty Russian ports.—Reuter, New York, Sept. 23.
In'cornection with the protes raised by the Department of Agriculture with the Chicago Board of Trade regarding the sale by So Russian operaters of large quantities of grain to depress prices, itis announced that over 100,000 tons have been sold without cover.
The President of the Board Has assured the Department of his ce-operation but declared that any' reprisals would not have been welcomed in Chicago. He added that the Soviet are selling wheat to buy American goods and offers such as these could not be despise the existing economic de-
Gereva, Sept. 22, At the meeting of the Econom aminities of the League of Na-ions sv: day the Swedish delegate, speaking of the most favoured tion clause, submitted a resolutic te should: enquire into dumping and the system of export dounties.with a view to determining the feasibility of international action to obviate the serious ecnnomic effects caused by such mea-sre, grown cereals in European markets were voiced by Dr. Walter Riddell (Canada) and Miss Susan Lawrence (Great Britain) in the course of discussions of the most favoured nation clause at the meeting of the, Second Committee of the League Nations to-day.
They pointed out that the proposal did not harmonise with the League's past pronouncements on the subject, and that it was calculated to close important markets to the products of oversea countries, being in fact tantamount to the abandonment of the most favoured nation clause.
Miss Lawrence appealed to the Committee to support the Indian proposal for a sei equi the causes of the agricultural and dustrial depression.
The Economic Committee eventually agreed to the Indian proposal.
The Sixth Committee satisfactorily disposed of the work of the Perman-lent Mandates Commission after speeches had been made by the re-Dresentatives of Australia, Great Britain, New Zealand and South Africa, dwelling on the difficulties} of administering their mandates. "Lord Buxton (Great Britain) said that no decision would be taken regards the scheme to form an administrative union of Tanganyika. Harda and Kenya without consult-the Blandates Commission.
Herr Koch Weser (Germany): reminded the Commission that the Targanyika mandate should be considered as an independent unit.
The French and Italian represextives offered their congratulations on the improvement of conditions in Palestine, At the meeting of tke Committee fon the drug. traffic the Indi delegate stated that the cultivation of the poppy and the consumption of opium in India had decreased considerably, He urged that measures should be adopted in manufacturing countries against traffic, and expressed concern over the development of drug manufacture in countries not belonging to tke League.
Dr. C. C, Wu said Chi ratify the Geneva Convention because she regarded it as being in some respects a retrograde step. He proposed that all States should be asked to investigate the problem in their own territories.
Mrs. Hamilton (Great Britain) leave an lo-hearted the first practical step towards solution of the problem.—Reuter, Go Slow Policy in Disarmament The Rumanian and F ites complained of the dumping of Russian timber and—agricul Produce, and hinted at the possibility of retaliation, The Netherlands delegate sai Bollard desired to do her utmost to prevent economic warfare, and the best way would be a reduction of tautts by protected countries to a reas this was at impossi Holland was willing to collabora ina scheme by which low tariff countries would undertake to mi tain a low tariff for a fixed period ju return for a reduction in tariff by the high tariff countries.
The Netherlands delegate sai ho was opposed to the Rumanian plea that agricultural countries should receive -preferential treatment from importing countries on the ground that free trade Holland would have to impose duties in order to grant such preferences, which would mean the raising of the price of foodstuffs to the Dutes population.
The French delegate said France was prepared to enter into negotiations with a view to placing tariff systems on the old basis of equal opportunity for all on the home market, provided it was a general plan which would give a measure of security in tariff mat-
The German delegate advocated the ce-operation of all European countries in a complete Customs union asa solution of the agricul-torn! and other economic problems.
Geneva, Sept, 24.
Lord Cecil, at the meeting to-day of bke Third Committee, uttered a warning og: ist rushing the gereral|" [disarmament conference without proper. preparation.
This warning followed the speech of Count Bernstorif (Germany) who, with other speakers, felt doubtful] as regards the utility of the Preparatory Disarmament Commission, which, he alleged, had "dene nothing the past five years."
Lord Cecil claimed that the Con mission had done much, but demurred at fixing an exact date foe the dis irmament conference. He!
We are going to do someig that has never been done before, namely, limit the armaments of each nation to an agreed international standard. Ie will take a long time to accomplish."
The Preparatory Disarmament] Commission will meet on November
Text read from the printed page and cleaned; old type leaves the occasional error.