COTTON PRICES
STILL ON THE RISE. "Advices from Britain indicate that cotton prices have not yet reached 'their maximum," said a Wellington importer to a reporter yesterday. ' "The.manufactnrers generally arc not quoting prices for any time ahead, but their replies to inquiries indicate that they are expecting advances. ' Tho world is facing an ei'orinons shortage of cotton; and -until that is overcome prices will bo high. "One Manchester firm mentions in a trado letter that Americans have been trying to buy options on 1 Egyptian cotton. This is an unprecedented movement, since America has been' in the past the most important exporting country in the raw cqtton trade. The Americans want some of the Egyptian' cotton nowowing to the decline in their own production, and particularly the reduction _of the South Sea Island cotton crop owing to the ravages of the boll worm."
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Dominion, Volume 13, Issue 179, 24 April 1920, Page 6
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143COTTON PRICES Dominion, Volume 13, Issue 179, 24 April 1920, Page 6
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