COTTON CROPS.

Hawera Star, Volume XLVIII, 6 October 1924, Page 7

COTTON CROPS.

ADVANCE IN PRICES. BY CABLE—PRESS ASSOCIATION-COPYRIGHT .NEW YbliK, Oct. 4. Tlie New York Times states that the best private estimate indicates that the 1924 cotton crop will total approximately twelve million hales, or in the vicinity of a tAvo million bales increase over 1923, due chiefly to,last winter’s cold weather, Avhich apparently checked the, boll weevil.' ri ' This season’s crop, hoAlever, is Considered the poorest cotton for many years, owing to heavy' rains during the summer and autumn, \vhich caused the bolls to rot and never open, or Avhere they opened seed sprouted Avithin the bolls, doing irreparable damage. Producers look forward to a seriously deranged market, due to the poor quality. The market has been extremely unsteady and; comparatively low prices prevail. Cotton, which last year brought as high as thirty-six cents a pound, is uoav quoted at approximately twenty-five cents for December delivery. This is due to poor consumption by foreign and domestic spinners.

Reports that the Indian cotton crop has been damaged by recent heavy rains, and the poorness of the present American crop, will, it is believed, cause ‘prices to rise steadily in the near future.