How U S Cotton Is Sold For Export Classic Reprint

Excerpt from How U. S. Cotton Is Sold for Export This paper is mainly based on normal times. However, it should be useful to those who want to know what is involved in selling United States cotton abroad. The author acknowledges the advice and suggestions of many people actively engaged in the cotton export trade, as well as some former cotton people now in government. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

Excerpt from U. S. Cotton d104ile Imports: Perspective on a Complex Problem U. S. Import and export trade in textiles made of cotton, wool, manmade fiber, and silk is big business, running over a billion dollars annually. Traditionally, the United States has exported far more textiles than it has imported, but the relative importance of imports and exports varies considerably by fiber. For example, imports of wool and silk textiles substantially exceed their exports. Exports of man-made fiber products have always exceeded their imports. The Unit'ed States has traditionally exported more cotton textiles than it has imported, but in 1960, this relationship changed, when imports ex ceeded exports. This reversal was the culmination of a long chain of developments and caused increased concern to spread throughout the U. S. Cotton textile industry and the U. S. Government. Early in the history of this Nation, imports were a lifeline to the Old World, and they remain important in many fields. Basically, there are only two reasons why coun tries import at all. The first is to procure an item that is otherwise unavailable or in short supply domestically. For the United States, examples of this kind of import are diamonds, coffee, bananas, chromium, silk, and cashmere. The second reason is to procure items for which there is a price differential so substantial that it can overcome the combined costs of export and import handling, transportation, and tariff barriers. Examples of this kind of import are oil, steel, and certain textiles. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

Excerpt from U. S. Upland Cotton's Competition in Foreign Markets Production in the USSR may fall more than 1 million bales below this season's extremely large crop assuming a return to more normal growing conditions, but exports could increase because of the large carryover into the new season. A rough estimate is that total foreign exports of upland cotton could rise considerably more than 1 million bales in 1971-72 above 1970-71. However, most or all of this increase could be absorbed without reducing u.s. Shipments below this season's expected level of at least million bales, provided that: (1) foreign Free World consumption continues a modest expansion; (2) foreign importers moderately increase low raw cotton stocks, and (3) an adequate supply of attractively priced u.s. Cotton of desired qualities is available. In recent years, c.i.f. Liverpool quotations for foreign growths of Strict Middling 1-1 16-inch cotton usually have held between 27 and 30 cents per pound. At these levels, producers in foreign countries have become increasingly sensitive to price changes. Almost without exception, changes in world prices one year have been followed the subsequent year by changes in the same direction in cotton acreage. Changes are most pronounced in countries that export a large part of production. It appears that under present conditions a world price of 30 cents per pound for SM 1 inches is likely to trigger a substantial rise in foreign acreage, while prices below 28 cents dampen foreign producer enthusiasm. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

Excerpt from Japan as a Market for U. S. Cotton Japan is the world's largest importer of cotton, although imports declined from million bales in to million in and may have been at about that level in 8. Japan once again became the largest export market for u.s. Cotton in after falling behind the Republic of Korea the season before. U.s. Exports to Japan totaled slightly over 1 million bales valued at $339 million in Exports plus outstanding sales in through July 6 totaled million bales, and bales already had been sold by that date for delivery in Japan is also a large buyer of cotton from Latin America, the ussr, Pakistan, India, and Egypt. Over 80 percent of the cotton imported into Japan is spun and woven into textiles that are absorbed by the Japanese market; the remainder is made into exported textiles. Japan is one of the world's largest consumers of cotton and other textiles. Per capita consumption of all fibers by Japan consumers doubled from the late 1950's to early 1970's and is one of the world's highest. In fact, Japan's per capita consumption of cotton, kilograms, is well above the United States kilograms, although its total for all fibers including manmade fibers, kilograms, is below the United States figure of kilograms. The Japanese domestic market for textiles, how ever, has been stagnant since 1972, and the per capita offtake since then has been well below the 1970-1973 level. Factors responsible for the slump have been a slowdown in the rate of expansion of the Japanese economy, a rising proportion of exported goods and services in Japan's Gross National Product (gnp), leaving a reduced share for domestic consumption, and increased competition from other goods and services for the purchasing power of the Japanese consumer. From 1972 to 1976, personal expenditures for clothing at constant prices rose only 12 percent compared with 10 percent for food, 30 percent for fuel and light, 41 percent for rent, 27 percent for housing, and 38 percent for miscellaneous. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

Excerpt from Cotton Tare: September 3, 1912 The American producer sells his cotton gross weight. In the export trade, however, practically all cotton is sold net weight. A large part of the cotton exported to Europe is sold under what are known in the trade as c. I. F. And 6 per cent terms, which provide that the net invoice weight shall be found by deducting 6 per cent of the gross weight. When this rule was originally established, many years ago, an ordinary bale of cotton weighed about 400 pounds gross, and a deduction Of 6 per cent fairly represented the tare and draft (the latter an arbitrary allowance of about 2 pounds per bale). Since then the gross weight of the bale has gradu ally increased to approximately 500 pounds, without a corresponding increase in the amount Of tare. Roughly speaking, the tare on a bale of American cotton as it comes from the hands of the producer is from 19 to 24 pounds per bale, or, to use an average figure, about 22 pounds. This means that a bale of cotton weighing 500 pounds contains 478 pounds net. A deduction of 6 per cent from a gross weight of 500 pounds leaves only 470 pounds net, or 8 pounds less than the actual weight of the net cotton in the bale. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.