Washington, Apr. 4.
The House Agricultural Committee late this week expects to take up the Bankhead Cotton Bill but there is some doubt, however, whether the measure will be reported favourably.
The Bill was passed yesterday by the Senate after the adoption of an amendment raising the price to be paid by farmers for repossession of loan cotton from three to five cents per pound. The Bill's sponsors are disappointed over this action which is now regarded by many as a mere gesture, offering little inducement to curtail acreage to farmers who have already begun cultivation.
While there has been no move lately by the Administration to push its export subsidy plan, presumably to await a clearer show of the congressional strength behind the Bankhead Bill, there are many who hold ne doubt that the expert subsidy proposal will ultimately win over the Bankhead Bill.—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.