The ravages of the boll weevil and unfavorable weather conditions have combined to produce another "short crop" of cotton for the third successive year. As a result, cotton contracts for future delivery have experienced another sharp rise, even passing the 35ยข level.
According to the Government's latest forecast, this year's crop should amount to about 10,248,000 bales, which, with 650,000 linters and a 2,573,000 world carry-over from 1922, gives a total supply this season of 13,471,000 bales. The world's estimated consumption this year is 12,000,000 bales, which leaves a world's carry-over of only 1,471,000...
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