Word: cottonmen
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Dates: during 1932-1932
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...they began selling, sent cotton lurching downward $5 a bale. Some of the loss was soon regained; cotton steadied at around 8? a Ib. Mills continued active. Cotton's gain from the June lows is still over 3? a Ib., enough to save many a farmer from ruin. Cottonmen last week were of the opinion that small as the 1932 crop may be the big 13,000,000 bale carryover from last year will be a heavy hand upon any further ballooning, that cotton's position is still precarious pending a greater call for new shirts...