Publisher's Synopsis
Excerpt from The Cotton Situation, 1937
On January 31 the supply of cotton in trade channels in the United States amounted to about bales, according to estimates of the New York Cotton Exchange Service. This is an increase of 32 percent over the approximately bales of free cotton on January 31, 1936. The total supply of cotton on hand in the United States at the same time last season was bales or about bales more than present stocks (january 31) of bales. On January 31 of this year, however, Government - financed stocks amounted to bales compared with more than on the corresponding date a year earlier. Consumption of American cotton in the United States totaled bales in the 6 month period from August to January of the present season, an increase of bales or 28 percent over consumption in the corresponding period a year earlier. Exports in the first 6 months of this season were bales, or 14 percent less than last year. In the last 6 months of the 1935-36 season consumption amounted to bales and exports to bales.
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