Mr, Jones said he understood that "fourehtths of the loan would used to purchase cotton and' the remainder, will be used for flour and wheat," This will permit the purchas: Bales "of "cotton and. 12 approximately "300,000 000,000 bushels of wheat, he said.
Officials of the Reconstruction Corporation said that the China purchases would prove the greatest reducing the cotton, that had appeared in the certain that it will all business help to restore international -prict of commodities. We are entirely, (fied with the arrangement and!
that it will benefit both! Jones said. vgvcement Was signed 'V. Soong, Chinese} when he. was Washington recently, discus ing economic problems with Pres dent Roosevelt. Mr. Soong is now in London.—United' Pres
Text read from the printed page and cleaned; old type leaves the occasional error.