Show I WORLD MONEY I PARLEY SOUGHT WASHINGTON May 16 UP- UP Te rhe diplomatic game of ot finessing someone into issuing a ar ai formal call for lor an international conference to d discuss currency and exchange e s stabilization sta was launched today to d a Two of the administrations administration's principal new dealers sat in the game Most of ot the major powers are con con- conVinced vin winced Vinced oo that thal some international cooperation coop i raton oration to bring about exchange sta stabilization Is an economic necessity The diplomatic question is is who is to take the lead and formally suggest j that such a parley be c called By international international in in- nal custom the government Ij that first makes that formal yi f tion lion is Ls elected to pIa play host to the t v c conference and to issue the invitations y I h i The general feeling here is that u London would be the logical meeting pl place blare u e The British government however however how how- ever still retains painful memories s f. f of the 1933 conference on monetary and economic matters which fizzled A 1 i President Roosevelt felt the the United d iJ r States was not ready to stabilize its K currency The dollar later was deValued de- de e- e Valued to 59 cents f The United Slates States now f fe l r the fA I time has come to stabilize so Secre L' L r tary of the Treasury Treasur Henry Morgen- Morgen thau and Secretary of ot State Cordell Corden Cordelli i J 7 Hull have put out feelers toward obtaining ob- ob international cooperation j f made the first overturn over over- turn lure May 13 saying this this' government Jo t i. i would cooperate on on exchange stay sta sta- y Hull followed with a for for- or- or that stabilization is an v integral part of the administrations administration's reciprocal trade treaty pro program program i t Neither nor Hull men men- specifically the desirability o of calling an international conference confer confer- F 1 ence Such direct mention would t have put this government in the uni un un- i 1 desired position of taking the intia intia- 1 3 tive five N I Neither however left any an- doubt that the United States States' would be 1 pleased if Great Britain or pow power r takes the cue |