The Cotton Situation in the United States

Archive Report

A substantial recovery in the condition of the cotton growing industry of the South has been brought about by the prospect of a reduction of nearly 5,300,000 bales in this year's cotton crop and the consequent increase in prices to levels well above those received by the growers last year. The present situation is practically a reversal of that which prevailed a year ago when the largest cotton crop in the history of the country was harvested, prices were driven down to within half a cent of the lowest level reached in a dozen years, and emergency measures were undertaken to cope with distressed conditions in the cotton growing states.

The revenues of ginners and of southern railroads will suffer from the reduction of nearly ...

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