INTERNATIONAL: Big Failure; Small Success

The series of trade congresses, conferences and conventions in the past decade has proved that three nations can sometimes agree to do one another good, but four or more, seldom or never.

By last week the delegates of 21 nations at the World Wheat Conference in London had talked themselves dry. Most of them wanted arbitrarily to boost the export price of wheat 10%. Leaders of this faction were three great wheat-sellers: Canada, Australia and the U. S. Drought in those lands had reduced the wheat crop, already boosted the price. Last August's...

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