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Cotton Market News Slow in Western Markets
USDA Cotton Market News reports slow spot trading in western markets as mills seek cheap cotton and demand concentrates on low grades. Upland prices hold steady while Amercian-Egyptian quotations drop 4.5 to 7 cents reflecting lower 1968 Loan rates. Growers to receive 8.69 cents per pound on 1968 production. Phoenix Grade 3 1 3/8 is 42.00 cents, El Paso 42.35 cents. New Loan rate Grade 3 1 3/8 equals 40.35 cents Arizona California. 40.75 cents New Mexico Texas. A small volume of new crop contracted in San Joaquin Valley at 33.0 cents Middling 1 3/32 3.5 to 49 mike amid Fresno Cotton Ex-
MENTIONED IN THIS ARTICLE
USDA
Phoenix
el Paso
Arizona
California
New Mexico
Texas
San Joaquin Valley
Mike
Fresno