THE COTTON SURPLUS
New Hope for a Permanent Cure OLD King Cotton has been sick for years, and getting progressively worse. But now, for the first time since the Korean war, there are hopeful signs of recovery. In the 1956-57 marketing year the staggering cotton surplus, currently at an all time record 14.1 million bales, is expected to level off or perhaps even decline a bit. More important, the Government is trying new medicines on cotton, all aimed at effecting a permanent cure in the years to come.
Last week the U.S. Export-Import Bank lent Japan $60 million to be...
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