The estimates as to the probable size of the 1925 cotton crop made by the Government have alternately provided anxiety and entertainment to the cotton trade all this year. Issued every fortnight, they have alternated violently up and down, and have led to similar fluctuations in cotton futures on the exchanges.
The estimate as of Oct. 1 provided the biggest sensation of the year. Previously the Government "experts" had not predicted a cotton crop of as much as 14,000,000 bales. The estimate as of Sept. 16, in fact, was 13,931,000 bales, and on Sept....
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