COTTON CRISIS LIKELY

Wanganui Chronicle, Volume 79, Issue 88, 15 April 1935, Page 7

COTTON CRISIS LIKELY

U.S.A. CONTROL EFFORT ■ ’ ’ OPERATIVES COMPLAINING DECIDED FALL IN EXPORTS to re- [*J Telegraph—Press Association—Copyright le- Received April 14, 8.40 p.m. be WASHINGTON, April J 3. is- A number of factors appear to be he forcing a crisis in the Administration’s , ” cotton control programme. Since last nv September’s strike operators have comer plained bitterly of being unable to ch profitably operate under the N.R.A. ig- wage schedules and, at the same time. i)n pay the porcessing tax levied by the he Agricultural Adjustment Administration. Employees are equally dissatison tied, and from time to time, threatened a to recall the strike, but in the meanlie time, according to the Millowners’ Asan sociation, scores of plants are forced to p- close, claiming that “oppressive” domestic policies were made worse by the il < ontinually rising foreign imports of nd finished products, notably from Japan, it President Roosevelt has been requested )n , to place a virtual embargo on Japanese lu- goods and revoke processing taxes, or, tn ' if that is impossible, to pay farmers J t- outright a subsidy from the relief °L funds. Both requests, Mr. Roosevelt indicated, would be refused, while Mr. n - Wallace, in a speech at Atlanta to-day. m ' urged, the South to defend the curtail be ment programme. There was no official comment tolls day on the report from Tokio threatbi cning reduced consumption of raw cotor ton if America curbed sales of finished be products, but considerable unofficial t 0 comment followed the publication tote? day of trade figures showing that raw ut cotton exports for the eight months or ending March 31. were only 3,573,000 e> bales, compared with 6,098,000 for the corresponding period, of 1933 34. Critics of the Administration are making charges that the nation is well on the way to losing one of the most important world export markets.