SLUMP IN COTTON
PROBLEM OF EXPORT. AMERICAN BANKERS' SCHEME. Press AssooiatioD—By Telegraph—Copyright. WASHINGTON, October 22. Southern bankers attending the American Bankers' Association's Convention authorised the formation of a 12,000,000 dollar corporation to aid the exportation of cottoli. _ Stock for half the capitalisation will be issued at once to bankers and exporters. This action is expected to solve the problem of export to Germany, Czecho Slovakia, and other Europe-ail nations. Other commodities raised in the States will also be handled. Although cotton has slumped 20 cents, it is not moving, and the corporation is making plans for immediate action to this end. A. and N.Z. Cable.
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Bibliographic details
Otago Daily Times, Issue 18075, 25 October 1920, Page 5
Word Count
105SLUMP IN COTTON Otago Daily Times, Issue 18075, 25 October 1920, Page 5
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