Manufacturers, N: Standard Cotton Mill Practice and Equipmen

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Manufacturers, N: Standard Cotton Mill Practice and Equipmen

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Excerpt from Standard Cotton Mill Practice and Equipment, 1919: With Classified Buyer's Index

When the American cotton trade entered on the business of 1918, therefore, it had to reckon with price-enhancing influences Of the most powerful character, yet with ever - present uncertainty as to the scope and duration of these influences - seeing that the end of the war must sometime be reached - and with all the perplexities arising from the extraordinarily uneven distribution Of the supply of cotton in the world's markets, due to the effects of the war upon the supply of ocean tonnage for commercial uses, upon the movement Of the international exchanges and upon the financial situation Of the several belligerent countries. This unevenness of the distribution of the supply of cotton, moreover, was of special importance to the cotton trade in the United States, because the very fact that this is the greatest cotton-producing country in the world brought it about that the under - supply in foreign countries had as its correlative a continuous over - supply here. It may be said. Then, that the American trade, from the very beginning Of 1918, has been subjected to very strong opposite demand and supply and price-determining forces, whose clash has produced violent upward and downward movements of the markets and has made irregularity and incalculability the rule rather than the exception in the transac tion of the business. As an illustration Of this statement it may be mentioned that there have occurred more than once during the year price ¿uctuations more extensive (in cents per pound) than the entire average price for cotton in the United States during the decade preced ing the war.

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