Henry A. Wallace, today disclosed that the United States was calling an international conference this summer or autumn to seek ways for improving cotton prices and dividing the world markets equitably among all ate Department enquiry regarding the desirability of an agreement, Mr. Wallace disclosed, brought favourable replies from exporting countries.
Until such an agreement could be operated, however, he added, it would be necessary for the United States to embark on a programme of subsidizing exports. to regain a "fair share" of the markets and to dispose of a record surplus.—Reuters. MOH by ces:
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