Finance: Thirty Cent Cotton

Almost equally notable was the continued advance of cotton, which broke through 30 cents and registered a new high record for practically all futures. With the exception of the 43-cent high record of 1920, this is the highest price for cotton since 1876, but producers having sold practically all their holdings, it is principally the factors who will profit by these recent high prices. While the latter have been occasioned by mill purchases, it is the boll weevil rather than " inflation " which is fundamentally responsible.


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