The Cordova daily times., 1921-08-27
GERMANS TRY
 FOR CONTROL
 WORLD TRADE
tBy Associated Press)

GOntTOI or bU per cent or the world commerce. by the time the war indem. lity is liquidated and to do this, which
 hey consider essential if Germany is
 to meet promptly her obligations to former enemy countries and remain
 economically sound, "feelers" have Deen put out for negotiations for ex. ensive credit loans in virtually very country once interested or now ttracted by German trade possibli. ies.
 The German manufacturers. who are nderstood to be closely cooperating plans to launch the campaign for world commerce, are hoping for spe- cial agreements with manufacturers 'hich would not take into considera- on in any appreciable manner the pro osal of the American Finance Trade corporation to establish a $1,00O. 900
 Iuying fund in the United States for Teutons.
 Already a number of tentative agree
 rents have been made between Ger
 nan and American firms "on pre- war
 cquaintance and postwar money
 'alues." but the fluctuating mark and
 he high cost of the dollar have rem
 lered any large deals on a strictly
 ash basis out of the question.
 The delay in declaring the state of war between the two countries al an end also has embarrassed manufactur-
 IS in both countries, and even now,
 hat peace has been declared, the situ.
 tion Is uncertain because it is be-
 ieved many weeks must elapse before he nationals of either country know approximately what the new relations will be.
 The Germans are placing their prin- cipal hope for favorable relations with American concerns in a scheme by which they would act as European agents" for the Americans, and would manufacture in Germany raw mate rials sent from the United States and sell these manufactured goods to the Americans customers here on a per centage basis. This scheme already has been proposed to certain American manufacturers. Concerning this plan an informant in close touch with the German industrialists said;
 Many German factories are now working only half-time not because there is no market for their goods, but because they are unable to secure raw materials at reasonable prices. The cost of production in Germany is so much less than it is in America that the Americans, as well as the Ger mans. could cooperate profitably in meeting the European demand for articles. The market for cotton goods, for agricultural ma chiuery, for automobiles, in fact for all sorts of machinery, will not be over-supplied for many years.
 This proposal is particularly time ly now, when it is estimated that the worlds surplus cotton crop this year will exceed last years by five and q half million bales. The Euro pean demand for cotton goods has been decreased by the substitutes which Germans especially have been forced to manufacture. but it would promptly revive if the goods could be placed cheaply before consumers. The high cost of labor and the high value of American money abroad makes it next to impossible for the Americans to meet this demand. The Germans feel they could do it.
 There is another point which the German industrialists are making in their argument for cooperation with American manufacturers-the increas- ing output of the German mills is bound adversely to affect American foreign tradey for Americans cannot compete with the Germans in many lines owing to the differences in the cost of production. Cooperation would give the two countries virtual world monopoly on large percentage of commerce, and be profitable to both sides.
 If no working agreement can be reached in the European trade the German plans call for the sharpest competition possible. German com petition already is making itself mani- fest in the South American trade.