The Archive · 1939

Export Programme

Washington, Apr. 23.

Over the objections of Senator Walter George, Democrat of Georgia, 17 Senators from the major portion of tha southern cotton bloc yesterday overwhelmingly endorsed the export subsidy programme advocated by the Secretary of Agriculture and already approved by President Roosevelt.

The Senators are seeking to increase American cotton exports from 4.000,- 000 to 6,000,000 bales which would still be more than 1,500,000 bales below the 1928-37 average.

Senator John Bankhead, Democrat of Alabama, said Mr. Henry Wallace's original plan, designed to reduce the surplus of 11,000,000 bales of cotton held by the Government on loans to cotton planters, met with almost unanimous opposition because it was felt it would ruin the market for the new crop.

Mr. Wallace subsequently was said to have modified his proposal which has now met with almost unanimous approval. Senator Bankhead said the Government's programme would result in a price of eight or nine cents per pound for cotton—United Press tract has been placed with the Marconi Wireless Telegraph Company for the supply of two transmitters to replace the present 70-kilowatt London and North Regional transmitters.

The new transmitters will each be capable of supplying an air aerial power of 120 kilowatts—the maximum allowed by the provisions of the European broadcasting convention recently concluded. at Montreux. It is expected that the new equipment will be ready for service by Spring of 1940—Wireless through Reuter.

Text read from the printed page and cleaned; old type leaves the occasional error.

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