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Cotton Farmers Defy Low Price Contracts Amid Cotton Strike
In Memphis AP report, U S growers refuse to deliver cotton pre sold in 1973 at 30 31 cents per pound as futures surge past 90 cents. Trade groups cite miscontent in Texas Oklahoma with about 2 percent of crop affected. Court action looms as eight Oklahoma growers face delivery lawsuits and a Dallas merchant wins nearly 22000 in a 1971 contract dispute.
MENTIONED IN THIS ARTICLE
Memphis
New York Cotton Exchange
U. S
Ben K. Baer
American Cotton Shippers Association
Texas
Baer
Dallas, Tex
Tennessee
U.S. District Court
Harry W. Wellford