Because future market prices of this year's cotton crop have dwindled to less than 14 1/2 ¢ per lb., the Federal Farm Board moved last week to stabilize cotton in much the same way as it tried and failed to stabilize wheat last winter (TIME, April 28). In Delaware was chartered a Cotton Stabilization Corp., in theory a private agency of the planters in the American Cotton Co-operative Association, in practice an open-market buying & selling organization of the Farm Board's which in set-up and scope of operation will duplicate the Grain...
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