OCR Text |
Show Plan to Retire Cotton Surplus New York The special committee appointed by President Coolidge to consider ways of aiding the cotton farmer is considering plans to retire 1.000.000 bales of cotton from the market mar-ket for a considerable period, according accord-ing to John W. Jay, vice-president of the New York Cotton exchange. He is a member of a committee'' appointed by the exchange to represent it in attempting at-tempting a solution of the problem. Ey so doing, the price of cotton could be protected, in the opinion of the committee. com-mittee. Arrangements would be made for government loans on properly warehoused and protected cotton, and pressure would be brought to bear to reduce next season's acreage. |