Americus times-recorder. [volume] (Americus, Ga.) 1891-current, 1921-08-13
GEORGIAN, BACK,
TELLS EUROPE'S
COTTON NEEDS
Plenty Of Staple There
With No Need G
financing

DUBLIN, August 13.-Finance
the producers of America first, this
year and help hem, especially the
cotton farmer, to market their cotton
over a period of twelve months in
stead of three months. Europe has
plenty of money to finance their own
imports and domestic business. This
is the way lizzie Bashinski, just back
from trip to Europe upon his OBJ
servation Of business conditions and
the outlook for business in Europe
is at present.
Europe does not need help from
America to finance her business, -
said Mr.. Bashinski. Arrangements
ought to be made nthis country now
to finance the producers of Amer
ica under which the cotton farmers
will be able to market their crop over
a period of twelve months instesG of
dumping it all on the market at one
time. Farmers ought to be able to
get advances up to reasonable per
cent in order to carry out this plan.
Europe is not going to buy more
than she needs at time. The manu-
facturers over there are going to buy
what they need from month to
month. This means that the demand
is going to be steady all the year
but not large at any on time. The
farmers must market their cotton in
acodance with the demand, or sell
at big sacrifice"
Business Better Abroad
: Asked as to the business outlook
he replied, Business IS better in
Europe, conditions are gradually i'm
proving, and | expect pretty good
prices for American products if the
producers are properly financed.
There has been serious drought in
both England and Holland this year,
which means, imports of food from
America are going to be larger, and
thus strengthen the food market in
our country. Laurens county is COM
ing in with big food crop at most
opportune time, and there are pros
poets that prices ought tobe fairly
good this fall for these food crops. !"
Germany, according to Mr..
Bashinski, is going to undersell the
entire world in the coming years in
manufactured products. England and
Holland are both doing an export
business, but Germany is doing more
than any other country. The reason
Us cheap labor, and the present low
exchange rate of the German mark.
Raw products are brought from
America in dallars, not marks. The
manufactured products are sold ir
dollars but the labor is paid in marks.
AS the German marks are very low in
value compared with dollars, the
profit in marks upon one dollars
worth of goods sold to the outside
world is unusually heavy.
German Labor Has Edge
German labor is paid in marks, and
this gives an average wage, in Am
erican money, of 70 cents per day
over Germany, against at least four
times that in America. Neither Eng
land nor Holland can compete with
Germany, nor America, and a protec-
tive tar IF is needed to prevent them
from overrunning American manu-
facturers.
"There is less unemployment in
Germany than in any other country.
| was told that it is not more than 3
per cent. Germany is at work, and
she is doing more than any other ma
tion in Europe now. They told ME
of big sign in the Deutsche bank
that reads: Germany will pay he in
demnity because German workmen
work And they arc working, too,"
said Mr.. Bashinsli.
Mr.. Bashinski stated that he saw
plenty of cotton in Europe. They
have a good supply on hand now.
There were 100000 bales in Liver
poole and 250,00e bales at Bremen.
These are pretty fair stocks. and no
strong demand for cotton is coming
from Europe at present.
With the carry over from the old
crop, and the production this year,
there will be no scarcity of cotton
Mr.. Bashinski thinks, but he looks
for improvement in business condi-
tions, and if the farmers are proper
ly financed, better prices.