Show t. t U Ci f fAR OF fir PR I IN 1 I j i WASHINGTON WASHINGTON May 9 AP- AP AP W With th every speake speake- choosing teamwork t for prosperity as his I e the 2000 business men from y ev rY part of the country attending th the sixteenth annual meeting of the United d St States t s Chamber of ot Commerce Com Com- Commerce merce nerce merce here turned today from a Consideration consideration of ot foreign trade and transportation to discussion of problems confronting agriculture and manufacturing manufacturing- industries and financial circles A A group meeting of of industrial problems was told by Donaldson Brawn Brown vice Ice president of ot the General General Genral Gen Gen- eral ral Motors 1 corporation in a Prepared prepared Pre pre- pared bared address that the tho of ot oft day business management J J t 1 was wag In forecasting and pl planning a a. at t system of ot control whereby production production tion purchases of ot materials an t the employment of ot capital are co coordinated coordinated co- co with sales requirements The American manufacturer can canno canno canno no longer d determine his course ac- ac ordin cordin to his ability to purchase the necessary raw m materials and the capacity o of his manufacturing fa facilities facilities fa- fa he said Ultimate consumer consumer consumer con con- sumer demand is the absolutely fundamental factor controlling the continued sale of any product SHOULD SHOULD BUILD BUILD POWER therefore he argued should build up consuming power by employing Ing a maximum of at labor through Increasing and diversify diversify- ing ln production In this way increasing in increasing In- In creasing efficiency in production meed Breed not rause unemployment and reduction of the buying public an exact analysis of consumer del f mand be he said would prevent overproduction overproduction over over- production and and recurrence of ot depressions in t t cycle American n a n. n Dr Lloyd S S s. Tenny Tenn chief ef of the bureau of agricultural economics told the tue agricultural ag- ag rJ group meeting in another prepared address is constantly influenced Influenced In In- by foreign competition an and demand because although only about 15 16 per cent of American agrIcultural agricultural agricultural ag ag- ag- ag production is exported the effect of this surplus on prices i Is far ar out of proportion pr to its Ilze size A sound agricultural production policy in the United Stat States s therefore there there- lore fore he said must be based upon a a. a a. a comprehensive knowledge of at the prospective trends and developments developments develop develop- ments in world agriculture MEET COMPETITION Tire The products of which America produces a surplus he ho added meet foreign price competition in foreign for for foreign eign Ign markets and those produced In Insufficient ent quantities meet the same competition on the American market American cotton for ex example example ex- ex ample ample constituting 60 per cent of the tha worlds world's worlds world's production is the principal principal prin prin- cipal factor Influencing cotton prices It nevertheless feels a growing ing competition from India and South America the speaker said tup development of ot which will Ill depend de depend depend de- de pend largely on the cotton price level Present prospects point to as asgood Rood good a dem demand nd in foreign markets lor tor cotton of the 1928 crop as has prevailed during the present season season sea sea- son he continued The Th weakest spot in the situation is found In Inthe Inthe inthe the United our principal market costs in the American s section of the British textile textile tex tex- tile industry are too high to permit froc successful competition Jn foreign markets He Hp pointed out that American i- i I I wheat tobacco fruits and wool are equall equal on foreign market market market mar mar- I ket conditions and predicted that we may expect world competition in agricultural products in the years ahead to be keener than ever before Prosperity in American agriculture ture ture he concluded will wUl call for close dose adjustments in our production n na a and d marketing programs to 10 meet the changing chang world situation |