Washington, Nov. 28.
The Government's cotton planting Programme for 1935 was proclaimed to-day by Mr. Henry Wallace, Sectetary of Agriculture.
Tt provides for limitation of cotton ug to 75 per cent. of the 1928-32 thereby giving the Agricultural Adjusiment Administration Voluntary control of the plan for at Toast another year.
'The goal of the programme is limitation of cotton' acreage to '31,000,00 acres. "Assuming that nonce-operators plant on additional 2,000,000 acres, it would mean a total Jat $3,000,000 acres as compared with 27,000,000 in 1994.
Normal or better growing conditions would mean a cotton crop of 11,200,000 {to 11,800,000 bates, bringing the world supply of American cotton in the spring of 1936 to around 19,000,000 bales.
This cotton restriction programme should not be confused with the Cotton Restriction Act which penalized over-production by taxation instead of rewarding limite ion by cash bonuses.
Domestic consumption of American cotton in the current marketing year was estimated by the Department of Agriculture at 5,600,000 bales.
Foreign consumption of American cotton was placed at 2 maximum of 7,000,000 bales, leaving a carry-over
Text read from the printed page and cleaned; old type leaves the occasional error.