The Cotton Situation Vol 15

Excerpt from The Cotton Situation, Vol. 15: January 27, 1938 Domestic cotton prices strengthened somewhat during December and the first part of January. On January ll prices of inch cotton at the 10 designated markets averaged cents per pound which was b/m cent per pound higher than in the early part of December and 1 cent above the low point made in the first part of November. Between January 6 and January 2m spot prices of Middling inch in these markets ranged between 8% and 8 cents, the highest level since the latter part of September. Factors which appear to have been of some importance in strengthen ing prices during recent weeks include the reduction in estimates of cotton production in foreign countries, the continued large movement of raw cotton out of trade channels into Government-loan stocks, and a somewhat more favorable trend in commodity and security prices. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.