Cotton Association vs. The Cotton Exchange
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A 1907 article in Moody's Magazine on the dispute between the Southern Cotton Association and the New York Cotton Exchange. The author argues that speculation, and short selling in particular, does not depress cotton prices, and that overtrading by Southern speculators buying on margin has done the most harm. He concedes that the Exchange's grading methods have some flaws, argues that supply and demand ultimately set prices, and says 10 cents a pound is a fair price.
- Type
- Article
- Date
- February 1907
- Language
- English
- Pages
- 3
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From Ralph Griswold's Digital Archive, delivered by the University of Arizona.
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