At the same time, however, the resolution introduced in the Senate yesterday by Senator Waller F. George (Democrat, Georgia) to prevent subsidized cotton exports is reputed to have gained wide support in the Senate and to have a good chance of passage if permitted to come to a vote. The resolution was introduced under proceedings enable ing it to come directly before the Senate without prior Committee consideration.
Talk of an early announcement of a cotton export subsidy continues.
It is rumoured that 1,600,000 bales held under the 1934 loan may be offered for export at four cents below the world market, and that $40,000,- 000 will be made available from Cus toms receipts for the subsidy.
Nothing official is known, but the trade is wondering what, i effect on the Administra sidy plans the determined Southern opposition now developing in Congress may have.—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.