561.311F1/143: Telegram
The Chairman of the American Delegation to the Monetary and Economic Conference (Hull) to the Acting Secretary of State
[Received July 8—11:40 a.m.]
115. For Wallace from Morgenthau. At meeting yesterday there were representatives from United States, Australia, Argentina, Canada, Hungary, Rumania, Yugoslavia, Poland. Bruce explained plan of four exporting countries and urged cooperation of Danubian States. He stated distinctly that the four countries had agreed to reduce production for harvest in 1934 by 15 percent. Under circumstances think it inadvisable to use suggestion given your cable 11224 at this time. Danubian countries seemed favorably inclined toward cooperation. They all indicated they would be glad to consider limitation of exports but suggestion of renouncing preferential treatment of Danubian wheat in European markets received with little favor unless new plan for concerted action with overseas exporting countries could be demonstrated to be more advantageous to Danubians. Meet Danubians again Monday. [Morgenthau.]