Business & Finance: Wheat & Cotton

Tumbling almost steadily downward, last week the price of wheat touched the lowest levels on the present crop and cotton crashed to the worst prices since 1927. In wheat the situation seemed a natural one of supply and demand. In cotton the decline was somewhat justified by cold which is said to have killed the boll weevil in large areas. But what caused cotton to drop precipitately was apparently "an unfortunate misunderstanding." Briefly, the "unfortunate misunderstanding" seems to have taken place as follows:

An editor to a reporter: Find out from Alexander Legge if...

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