Prohibit Crop Price Predictions by Government Officials Or Emplyees, Hearings Before ..., on H.R. 7215 ..., January 14, 19281928 - 60 páginas |
Palavras e frases frequentes
24 cents ADKINS AGRICULTURAL ECONOMICS American cotton August 15 August 9 August price average price bales bill BUREAU OF AGRICULTURAL census cents per pound CHAIRMAN CHARLES ADKINS Commercial and Financial committee commodity corn cotton crop cotton farmers cotton market cotton prices crop estimate Crops and Markets December decline Department of Agriculture drop exchange estimate exports fact farm Financial Chronicle FRANKLIN MENGES FULMER future prices GILBERT N give Government harvest issued January JONES July 31 KINCHELOE linters lower prices MCDUFFIE ment middling spot cotton mill consumption mill stocks million bales monthly months opinion orderly marketing Orleans Cotton Exchange Outlook Report planting ports and afloat price curve price forecasts price of cotton price prediction Price Situation price statement price trends PRICES OF MIDDLING production prospects season sell September 15 speculators spot markets supply and demand TENNY tion Wall Street Journal weather weevil wheat
Passagens conhecidas
Página 40 - Includes cotton for export on shipboard, but not cleared, cotton coastwise, cotton in transit to ports, Interior towns, and mills, cotton on farms, etc. (agents and trade reports) . 7 Includes linters.
Página 21 - ... opportunity to take advantage of a temporarily favorable situation early in the season. Many public statements issued since September 15 have recognized the real facts as to the decline in prices. The January annual summary of the Journal of Commerce contains an explanation of the. decline as follows: "Another force had intervened — the spinner rebellious at home and well supplied abroad. He refused to buy. That was a serious check. Two things, of course, make prices, supply and demand ; the...
Página 28 - Expectations as to next year's crop will become more and more significant as we approach the next planting season. It was shown in last month's statement that the price of cotton frequently rises in the latter part of the year following a record crop, this being due largely to expectations of a smaller crop the next year. * * * It is evident that a decrease in area devoted to cotton in 1927 is to be expected.
Página 28 - December, 1926, rose to 16.5 cents in June and to 17.6 cents in July, 1927. This was exactly in line with our October, 1926, statement that in some years of large crops followed by small crops prices have risen after the first of the year (calendar), and by the following June had been as much as 10-15 per cent above the previous September.
Página 24 - S to the low point in February is typical of years in which similar conditions prevail. I submit, therefore, that the price of cotton would have dropped " just as much and just as fast " had the Department of Agriculture issued no report indicating that prices would probably decline. Through our September 15 report we suggested to farmers that they should sell early, and I believe that some did and profited by our report. My further conclusion, therefore, is not only that we did...
Página 28 - The price prospect still remains the puppet of weather conditions, though continued export and domestic demand conditions are of a nature to suggest resistance to any severe price recessions which might follow upon supply changes.