U.S. Cotton To Be Held Until Price Is 12 Cents Washington, Feb, 4 'An amendment inserted in the Farm Bill by conferees of the Senate and House of Representatives is likely, if passed, to cause the withholding of cotton' from the market until the price improves considerably, If the amendment becomes law, it will, in all likelihood. result in a quantity of between 6,500,000 and 7,000,000 bales of cotton being withdrawn from the market by the Com modity Credit Corporation until Jul 31, 1939, the "Journal of Commerce" states in an article' to-da The withdrawal of loan cotton, the "Journal" adds, will take place, unless the price advances to about 12 cents per pound.—Reuter,
Text read from the printed page and cleaned; old type leaves the occasional error.