Sherbrooke daily record, 19 juin 1933, lundi 19 juin 1933

[" berbrnnk?Established 1897 SHERBROOKE, CANADA, MONDAY, JUNE 19, 1933.Thirty-Seventh Year FRANCE WOULD LINK PRODUCTION ! OF COMMODITIES TO CONSUMPTION Production and Marketing Control Must Precede Tariff and Quota Discussions, Declares French Delegate\u2014Wheat, Wine, Cotton, Wool, Coal, Copper and Silver Suggested Subjects for International Agreement\u2014Belgium Offers Three-Point Suggestion.BRITISH CURRENCIES BOUNDED UPWARD TODAY New York June 19.\u2014Continued uncertainty regarding i currency stabilization at the World Economic Conference in London was reflected on the ; foreign exchange here today when the pound sterling bound- | ed upward to register one of ! the widest gains of the year.Early quotations on sterling ^ were at $4.14, an advance of ( 6 3-4 cents over Saturday\u2019s closing figure.Trading was fairly brisk during the first I half hour.The Canadian dollar followed along in sympathy with the pound and moved ahead three- ¦ quarters of one per cent, to : 89 3-8 cents as the United Stat- ! es premium on Canadian funds i declined to 11.888 per cent.BRUTAL ATTACK AM) ROBBERY OF GRANBYFARMER COURT PUT LITTLE STOCK IN STORY Newport, Ky., June 19.\u2014 Earl Glenn Carson, twenty-five years of age, needed money to complete his religious education at a Cincinnati Bible school so, he told the judge, he sent threatening letters to his father, Edward Carson, in an effort to obtain $1,000.He was sentenced to a year in jail.UNITED STATES DELEGATES DENY REPORTS OF DIVISION IN RANKS London, June 19.\u2014The World Economic Conference swung into its stride today with a concrete proposal from France of intergovernmental agreements to link production with consumption on wheat, wine, cotton, wool, coal, copper and silver.At the same time the Conference's Economic Commission heard from Premier Hendryk Colijn, of Holland, its chairman, that forty-nine nations, representing eighty-five per cent, of world trade, now adhere to the temporary tariff truce.All European nations except | Jugoslavia are in the pact.Albert Sarraut, French Minister of Colonies, told the Economic Commission the subject of production and marketing control should he taken up before the Commission considered tariffs, quotas and other trade barriers.With his concurrence, however, the Commission decided to adhere to the original programme and take up the French thesis after disposing of the first subjects.In a memorandum distributed among the delegates, the French delegation declared it proposed agreements on the above mentioned commodities because as a first effort at organization it was essential to depend on two conditions, adherence by the greatest possible number of producers, and the greatest capacity for international regulation.\u201cNo one can doubt,\u201d says the French memorandum, \u2018that the lack4*\t\u2014\u2014\u2014- of equilibrium between production and consumption of agricudtura! products and raw materials owes its origin to the crisis.The collapse of prices which has resulted has deprived two-thirds of the population of the world from the greatest part of their purchasing power.\u201cReadjustment between supply and demand only can be made effective by better organization of production and markets on an international plan.This method, which has given satisfactory results in the form of private agreements when wisely applied,%vas expressly contemplated by the technical and other experts.\tj \u201cFor the want of concerted action j ondon, June 19.by governments, which alone can I 0f the press were printing bring the affected interests into \u2022&\u2014* stories today to the effect that line, it has not yet given the results ; the United States\u2019 delegates to the expected in the domain of agricul- World Economic Conference were tural products and raw materials.\" disowning the work of their own Tne trenc., delegation, basing its experts, American delegation quart-stand on experience, according to \u20acrs emphatically denied there was a >L Sarraut, submits there are no rift within their ranks, more practical methods than it pro-1\t, T.poses for re-establishing order \u201cin! o.^™!*sJ0nn\u201e\u201e!°f^the American the present anarchy of production i and trade.\" The Minister also warn-T\t' V ,\t.\u2018,1 'alb*s j\" af I\t_____\u2014 announced by Chairman Hendryk ¦ lJ\tc .x ,\tn I Colijn at this morning\u2019s meeting of ! Happy Smile Today Bore Testi-siwi Conf