Word: cottons
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Dates: during 1930-1939
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...front cover) Ten minutes before the short Saturday session officially closed on the New York Cotton Exchange last week, a gong brought trading on the world's biggest cotton futures market to a silent halt. The U. S. Crop Reporting Board, having been locked in secret session in Washington since dawn, was about to release its first estimate of the U. S. cotton crop for the new crop year which opened Aug. 1. Trading also stopped on the country's other two cotton futures markets, in Chicago and New Orleans. On the spot markets scattered throughout the cotton...
...noon sharp, Eastern Daylight Saving Time, the figures flashed to the waiting cotton world. It was the Government's guess, the best to be had, that this season's crop in the biggest cotton land in the world would be 12,481,000 bales of about 500 Ib. each.* Last year the crop was 10,638,000 bales. The estimate was a little higher than expected, although Clinton T. Revere, famed cotton expert for the Manhattan firm of Munds, Winslow & Potter, scored a bull's-eye with a private estimate of 12,498,000 bales, only...
...cotton season progresses, less & less interest is taken in production, more & more in consumption. Cotton consumption throughout the world in the season just ended set a new high, exceeding even the 1928-29 peak when the world used 25,778,000 bales. Meantime world carry-over has been reduced from a staggering total of 17,600,000 bales in 1932 to about 12,500,000 bales which is not far above normal. In the dark of Depression the U. S. carry-over accounted for no less than 13,000,000 of the world's 17,600,000 bales. Today...
Geography. It is a poor year in which Anderson, Clayton & Co. does not handle 2,000,000 bales of U. S. cotton. It is a poor year in which the firm does not do twice as much business as its nearest private competitor, George H. McFadden & Brother. It has $40,000,000 capital and its credit is good for at least $150,000,000. The list of branches and affiliates stemming from its headquarters in Houston's 16-story Cotton Exchange Building is a complete lesson in world cotton geography. In North America the name Anderson, Clayton...
Last week after a ten-day vacation on a ranch near Las Vegas, N. Mex., with his wife and one of his four daughters, Merchant Clayton returned to his desk in Houston to be on hand, like the world's lesser cotton men, for the Government's estimate. Lamar Fleming Jr., his young partner, who is rated the firm's No. 2 man, saw the figures soon after he debarked from the Enropa in Manhattan. Presumably the partners of Anderson, Clayton & Co. were pleased because a big crop means more cotton to handle. In the seven seasons...