HUGE COTTON PURCHASE.
A FRENCH PROPOSAL
Received September 18, 11.15 a.m. WASHINGTON. Sept. 17. Administration agricultural circles have been considerably surprised by reports here from New York that the French agency of Neidecker et Cie will endeavour to purchase 3,000,000 hales of American cotton for “French interests.” There is no indication of what is the price, or on what terms the agency expects to make the transaction.
It is pointed out here that such a quantity represents approximately a quarter of the current production and would have an incalculable effect on the domestic surplus price levels.
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Bibliographic details
Manawatu Standard, Volume LIII, Issue 249, 18 September 1933, Page 8
Word Count
96HUGE COTTON PURCHASE. Manawatu Standard, Volume LIII, Issue 249, 18 September 1933, Page 8
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