Publisher's Synopsis
Excerpt from The Agricultural Situation, Vol. 17: A Brief Summary of Economic Conditions; February 1, 1933
Prices of American cotton during 1932 - 33 remained fairly stable from mid-october to late January, and while substantially below the level reached in late August, they were at the end of January about a cent and a quarter above the low point of June, 1932, and about the same as a year earlier. Prices of Indian relative to American cotton were still very favorable to the use of American cotton. The small supply of Indian and the almost record supply of American indicate that this situation is likely to continue during the remainder of 1932 - 33. During the first five months of the season exports of of American cotton were higher than in either of the two previous years, and exports of Indian cotton were very small.
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