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Newspaper
Dothan Eagle
Location
Dothan, Alabama, United States of America
Date
Jan 09, 1946
Page
4
A royal marriage involving the Queen of the Sea and her cousin Lord Carmiley is reported, noting the couple’s union amid lines of succession to the British throne and the public urging to buy Victory Bonds.
Washington report notes U S cotton policy could embarrass the United States at a UN conference on trade and employment. Secretary Byrnes outlines ideas including export subsidies to support world trade and employment. The white paper argues for actions that lower prices abroad compared to domestic levels.
The Agriculture Department notes that American cotton sells abroad for about four pounds per unit cheaper than in the domestic market. An export subsidy has since been used to align foreign prices with U S levels, prompting debate over four policy options including abandoning subsidies, maintaining them, cutting domestic prices, or seeking an international quota. Government economists largely favor lowering domestic prices to reduce subsidies, though many southern lawmakers oppose any cut and push for higher domestic cotton prices.
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