National Affairs: Cotton Storm

Last week Secretary of Agriculture William M. Jardine felt like a person who, upon making some sound in the presence of a high-strung friend, is suddenly turned upon and bitterly accused of willful noisiness.

In Secretary Jardine's case, the offending sound was a routine bi- monthly report prepared by some of his economic experts on the world's cotton markets. The last sentence in the report said: "As was indicated in last month's report, should the present estimate of production be realized and past relationship between supply and price prevail, it is likely that prices...

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