Business: Peg Problem

Every year it is news in the South when the first bale of cotton is ginned. Last week, for the fifth time, Francisco P. Lozano, Rio Grande Valley farmer, made this news. But the event was the signal for little glee, for Texan Farmer Lozano and other U. S. cotton growers are expecting their second biggest crop in five years. Estimates have placed the total yield at 13,000,000 bales, compared to 12,400,000 in 1936, 10,630,000 in 1935. With a carryover of 14,000,000 bales from last year, this bumper crop can mean but one thing¬ólow...

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