Business & Finance: Cotton Estimate

The long awaited final estimate of cotton production for 1923 made by the U. S. Department of Agriculture placed the current crop at 10,081,000 bales. This figure, although 167,000 bales un der the Government estimate of Nov. 2, was still larger than some of the trade had anticipated, and in consequence cotton prices at first fell off somewhat on the N. Y. Cotton Ex change, but only to rise still higher when the full significance of the figures was realized. The bales with which the estimate deals weigh 500 pounds, and thus the crop should amount to 4,821,333,000 pounds. At the...

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