Deutschlands Auslandsanleihen

Bibliographic data

Monograph

Identifikator:: 1779766025

URN:: urn:nbn:de:zbw-retromon-167451

Document type:: Monograph

Author:: Pfitzner, Johannes http://d-nb.info/gnd/138950474

Title:: Deutschlands Auslandsanleihen

Place of publication:: Berlin

Publisher:: Heymann

Year of publication:: 1928

Scope:: 174 S.

Digitisation:: 2021

Collection:: Economics Books

Usage license:: Get license information via the feedback formular.

Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: Die Auslandsanleihen von Elektrizitätswerken

Collection:: Economics Books

AGRICULTURAL MARKETING REVOLVING FUND 35 any difference whether they lose money or not. Therefore, they can sell this cotton if they want to at any price. I am not making the ‘harge that they are selling it, or will sell it, at any price, but the ooint is that this cotton, being held as it is, with the United States Treasury back of it, can be pushed on the market at a loss at any time. I mean by that on a basis loss. As you see, there are two things we have got to face—— Mr. Bucaaxan (interposing). Do you not know that if this cotton were pushed on the market at a loss the cooperatives would lose any margin that they may have in the cotton? Mr. HocaN. Yes. Mr. BucHanan, You are antagonizing this concern because it has ;aken cotton away from your concern ? Mr. Hocan. No, sir; we are not attacking the cooperatives. We 1ave never attacked them. Mr. Bucuanax. I did not say that you were; but, as a matter of fact. there are one and a half millions or two million bales of cotton that the cooperatives hold throughout the United States, cotton that your concerns have been handling heretofore. Now, I under- stood you to say that you have control of 85 per cent of the cotton now. Mr. Hogan. Yes, sir; if you gentlemen will let me talk— Mr. BucHANAN Ral lg Looking at it from my stand- point, which is from the producers’ standpoint, because cotton is now selling below the cost of production—you admit that. do you not ? Mr. Hocan. Yes, sir. Mr. Bucuaxan. The farmers ought to get at least the cost of production, and a little profit on it, and 1t seems to me like in- telligent management to get this cotton together in their pools, and handle it so that the producers of cotton mav realize some profit from it. Mr. Hocan. I am making this assertion now, and you may check it: Since the merchandising of farmers’ products began under this machinery the farmer's products have been marketed without one sent of cost to him. Mr. Bucuaxan. The Government statistics do not show that. They show that there is a vast spread between what the farmer gets and what the consumer pavs. Most of that spread has cone to the middleman. } Mr. Dickinson. There is a great difference between marketing :osts and the speculative spread. The speculative spread is where these gentlemen come in. Mr. Hoan. We do not speculate. You, the United States Gov- :rnment, are speculating. We are not speculating. Mr. Bucaanax. If it takes speculation to put a farmer on a basis vhere he can live, I am willing for him to speculate. Mr. Dickinson. If buying futures is not speculating—— Mr. Hogan (Interposing). Do not think that the speculator ever hurt the farmer. The speculator has helped him. Mr. Bucaanan. He has made a poor job of it. Mr. Hocan. Is the farmer any worse off than the poor starving yoeratives at Gastonia and Fall River?

Access restriction

Copyright

fullscreen: Deutschlands Auslandsanleihen

Monograph

Chapter

Table of contents

Download

Monograph

Chapter

This page

Image fragment

Citation links

Citation recommendation