The Archive · 1926

RESTRICTION Plan to Withhold 40,000 Bales Approved

AMERICAN COTTON

Oklahoma City, Oct. 28. conference attended by the Chairman of the Federal Cottoa Relief Committee to-day approved a plan for withholding 40,000, bales! Jof cotton from Oklahoma markets "until conditions improve."—Reuter.

New York, Oct. 28.

North Carolina, South Carolina, Alabama, Georgia and a combination of Louisiana and Southern Mississippi having formed corporations of '$1,000,000 each, Mr. Eugene Meyer announces that, wth the organiza. tion of the Texas corporation, a '$100,000,000 credit will be available to withdrawal a total of 4,000,000 bales of cotton from the market, as the banks are extending $10 credit for each dollar of actual stock sub-

Memphis, Tenn., Oct, 29.

The Conference of Bankers and Cotton-men has voted in favour establishing a corporation with a capital of $2,750,000 to finance withdrawal from the market of 600,000 bales of cotton—Reuter,

Text read from the printed page and cleaned; old type leaves the occasional error.

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