1934 Exports Limited to 500,000,000 Bushels London, Aug. 25.
The World Wheat Conference de-Yegates to-day reached an agreement which will formally be initialled at 6.30 o'clock this afternoon, providing for an average fixed price of twelve gold francs a quintal.
Under the terms of the agreement, importing countries undertake to consider substantial reduetions in their tariffs on wh The wheat producing and export-countries, on the other hand, bind themselves to export no more than 560,000,000 bushels of the grain during the year 1934, Soviet Russia and the Danubian countries being included in this pact.
No arrangement has yet been reached with the Soviet Union, hovever, regarding the portion total, export, quota, fo, which, that country will be entitled, but the United Press has been' given to understand that shave available to Russia will be less than 50,000,000 bushels.
'A further agreement was renched bby the exporting countries, by which they also agree to limit production in 1934 by fifteen per cent., but, the Soviet Union the Danubian countries have not adhered to this portion of the pact—United Press.
Text read from the printed page and cleaned; old type leaves the occasional error.