Business & Finance: Cotton

The world production of cotton for the year 1923-1924, according to the U. S. Department of Agriculture, will be about 18,900,000 bales. This compares with 18,154,000 bales the preceding year.

For the 11 months ending May 31, exports of cotton from the United States ran about 600,000 bales ahead of those for the year preceding, on better British and European demand. Nearly half this increase is due to larger British purchasing.

Meanwhile, the abnormally high prices for cotton are stimulating production in foreign countries. Egypt is expected to increase its cotton acreage 10%. Heavier planting is also expected in the Sudan and Uganda,...

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