New York, Sept. 27.
The cotton market early advanced On active foreign buying, diminished hedge-pressure, local investment support, higher cables and reports from the South that farmers are either more inclined to" put cotton into liquidation prior to the notice day to-index for cost of living after having increased from 130 in September 1936 to 137 last April descended again to 136 at the end of May 1 One sees therefore, that t the policy adopted by the Swiss Government to extract the maximum benefit from the devaluation of the franc has bene® fruit. "In. short, Switzerland recognized in good time the importance for her export and tourist traffic of avoiding a too great increase of: prices and took the necessary measures.
Text read from the printed page and cleaned; old type leaves the occasional error.