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Price of Cotton and the Memphis Plan in the South
The article urges New Orleans cotton interests to hold and support a drastic acreage reduction under the Memphis plan to lift prices. It argues reductions of about half the current cotton area will reduce supply, boost spinners’ demand, and restore prosperity, warning that failure to act risks further ruin. It warns that both merchants and bankers back the plan, while many South growers push to plant full acreages despite collapsing markets.
MENTIONED IN THIS ARTICLE
New Orleans
Memphis
South
Dixie
Mate