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Cotton price cuts urged to save domestic mills
E. W. Webb Jr of Hanes Mills warned cotton prices must fall below 30 cents per pound to let mills compete with imports and maintain markets, noting U.S. share of world consumption has dropped while synthetics gain ground. He spoke at the Cotton Producers Association meeting.
MENTIONED IN THIS ARTICLE
E. W. Webb, Jr
Webb
P. H. Hanes Knitting Mills
Winston-Salem
N.C
Congress
U.S
Arizona
The
Cotton Producers Association