The ravages of the boll weevil and unfavorable weather conditions have combined to produce another "short crop" of cotton for the third successive year. As a result, cotton contracts for future delivery have experienced another sharp rise, even passing the 35¢ level.
According to the Government's latest forecast, this year's crop should amount to about 10,248,000 bales, which, with 650,000 linters and a 2,573,000 world carry-over from 1922, gives a total supply this season of 13,471,000 bales. The world's estimated consumption this year is 12,000,000 bales, which leaves a world's carry-over of only 1,471,000...