Cotton Boom
A 15 Dollar Advance. MAY REACH 23 CENTS PER POUND. FOUR MILLION BALE OUTPUT DECREASE. [By Cable —Press Assn. — Copyright.] (Received 11, 10.40 a.in.) New York, Aug. 10. An advance of 15 dollars a bale since the publication of the Government cotton crop estimate of 13,492,000 bales, has raised the value of the 1927 crop more than 220,000,000 dollars. Prices are now at new high levels for the season and experts predict that cotton will reach 23 cents a pound or more should the Government figure prove correct. Rain over the cotton belt is multiplying the infestation of boll weevil and bearing out the crop experts’ belief that the final output will be 4,000,000 hales below the 1926 yield.— (A. and N.Z.)
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/HBTRIB19270811.2.28
Bibliographic details
Hawke's Bay Tribune, Volume XVII, Issue 203, 11 August 1927, Page 5
Word Count
124Cotton Boom Hawke's Bay Tribune, Volume XVII, Issue 203, 11 August 1927, Page 5
Using This Item
NZME is the copyright owner for the Hawke's Bay Tribune. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of NZME. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.