Washington, Nov. 6.
In an official statement to the House of Representatives Agricultural Committee, Mr. Henry Wallace, Secretary of Agriculture, emphasized the necessity for a reduction in the cotton acreage by 8 to 12 millions in order the balance supply.
Mr. Wallace said that such a course would mean a sacrifice by producers of from $200,000,000 to $300,000,000 annually, and added that the invocation of compulsory control of production and marketing would not be necessary next year.
The South, however, would event-
1274 12420 12325 High Low Close Changes ually have adopted reduction of
20 Utilities 3 acreage to an extent depending on 2158 2114 2121—3 able for purchase, he said.—Reuter-the amount of Federal funds avail-it Commo.——Bo "oer lams Express Nov. 5
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