Washington, June 23
Either the continuation of the Cotton Loan at the present, rate for another year, or a new Loan Programme at about the same rate, will be announced late in July, according to quarters connected with the Agricultural Adjustment Administration today.
The report of the impending conclusion of an Anglo-American barter of 1,000,000 bales of cotton met with a mixed trade reaction, but it was generally thought that it held no particular bullish influence, as it merely meant the transfer of ihe cotton from American to British warehouses.—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.