Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-01-24
STUDY EUROPEAN
FARM SITUATION
National Conference Told That
knowledge Of Conditions
Abroad Is Necessary
FINANCIAL CHANGES VITAL
BY the Associated Press

washington, Jan. 23.-The National
Agricultural Conference turned to Eu-
rope today for study of factors cans-
ing the general American farm deprcs-
! sion and for possible means Of relief.
q. f. Warren, of Utica. \. Y, just
back from q trip in Europe, told the
delegates of the European situation.
Europe will be subject to erratic
changes both in supply and demand" :"
snid Mr.. Warren. "ff we are to adjust
cur production to meet the changing
demand We must have full and carefully
analysed information.
Agriculture IL not a one ycnr buSl-
ness. We need to know all the currents
Of European movement as far in ad-
vance as possible. This involves con-
tinucd study of European and later
Russian farm business by men who arc
skilled in the Interpretation of farm
facts. We also need continuous in
formation that bears on the demand.
In normal times market prices furnish
q poor enough guide to farmers in ad.
justing production to demand, but now
and for some years TO come we must
Know much more than present prices il
we are TO make wise plans"
Mr.. Warren asserted that because dc.
lnst yeor rrtoo, -. .i,, uI,i
above tho nre ,vor Iovc, ond hoi , -.;.'', iau."
lated prodnction r. MOOT tha L Ian'nnI s,,,,"-
'FSrmerlv Enronc 6r,nno, "u ,,',,ih
our world trade in far mproducts. Now
we must do it, declared Mr.. Warren.
adding: "This means n rnadiustmcnt
IN the methods of financing Smerican
agriculture"
Storage facilities for n,rnlus crors
adequate financing and standard crndin,,
70 meet competition in tba wor,d roar
kets we're suggested by Mr. Warren ,s
additional means Of rciief for tba ar,a,' a'
can farmer.
war Boards Work Reviewed
Eugene v. Never Jr monoo;rc =;
rector of the War Finance Corporation.
detailed to the conference the work of
that governmental agency.
Speaking of the results OF rho nd.
vances to finance cotton. Mr.. Never
said that "nIthough the sbock NJ tbo
experience of the last wear is sti,l hs,no
felt, we are justified believo q, CO..
ing that the cotton growing S,otaa 80.
view the future honcfuIly = ''
Machinery must he nr,r,dod l..
continued. to meet chongcd cnnIi.,o ~
in the consuming foreign morLota ',omI III
in domestic markers A@'' "D''
1--WE must rocncr,,o - !. ,,-,
the necessity of selling our agricultural
ptOuuc's more gradually than we did in
!olnier !ears' ana the corresponding
neeeSSit! oL CARRYING our commodities
ior m longer period OF marketing.
iEc coli"pSe OF the cotton market,
Mr. Meyer said. did more than anything
cise 10 oring on the break in other
markets, as cotton. he declared. was u
Key product. The War Finance Cor
poration director praised cooperative
farmers associations and advocated
snannini mnrcnouse lacllities and
nn ,'"i.a. .hn; t,tah" " enaoie producers to
,n m'"rns 'ne'F pFouucl IN an orderly
'''Snher' -,
esiey u Mitchell, an economist of
Ne" iork, toiu inc delegates that 1t
Tna .euSonaote 10 expect that the pur-
IHnSIns s power OF goiu would return
ileurer 10 pre-"9r leVciS and that com
lhouity price tchdehcy over long period
"puIo teha downward;
u"h ! cherisn the dalusion that !
we arc heipleSs victims OF inexorablc I.
STo"o.nic iawS Whlch cohtrol our fatcS,
ilr' hltche!l asserted for economic
'""S uEc aiter III merely generaiiZa-
IONS concerning our own economic be-
hIiI!or. IL possible 10 alter our
economic DehaVlor'
Wants Z. :. to Buy Allies, N,y,os
,ro,osoI ,Lo. a. IT,, 60
~. t"Ioa .na' ."e m''cu states
'LeR 'Le ~ ."ne tT oISf tne eh.'le ha'ies OF
Ia nv Ntt ,ba hii,to SH tuai CySe . as payment 70;
Nuru lne pililoHs tueS ONe tne L niteU