Hull Indicates He is Opposed to Barter Pacts

Although he made no direct reference to the proposed barter agreement between Germany and the United States, Secretary of State Cordell Hull, addressing an American Federation Farm Bureau convention here this afternoon, indicated that in general he does not favor such pacts. The speech was broadcast over a national hookup.

“Experience during the postwar and panic period,” Secretary Hull said, “has clearly demonstrated that barter transactions and exclusively bilateral arrangements yield not only a mere frac-