§ 16. Mr. R. HUDSONasked the Parliamentary Secretary to the Overseas Trade Department what was the average price of American cotton for the periods 1904–14 and 1914–24, and what is its price to-day?
§ Mr. A. M. SAMUEL (Secretary, Overseas Trade Department)The mean prices in New York of "middling upland" cotton during the years making up the two periods specified were 945 12.0 cents per lb. and 22.9 cents per lb. The spot price in New York for "middling" cotton on the first of this month was 24.65 cents per lb.
§ Captain GARRO-JONESIs there any truth in the statement that America has made a communication to the Foreign Office' suggesting or hinting that unless the Stevenson rubber restriction scheme is stopped they will take similar measures in connection with the sale of cotton to this country?
§ 17. Mr. HUDSONalso asked the Parliamentary Secretary to the Overseas Trade Department what was the average acreage under cotton in the United States of America from 1904 to 1914, in actual acreage for each of the War years, and the average acreage for the five post-War years; and to what cause or causes the restriction of acreage was due?
§ Mr. SAMUELThe answer contains a long series of figures, and my hon. Friend will perhaps agree to its circulation in the OFFICIAL REPORT.
§ Mr. HUDSONCan I have an answer to the last part of my question as to the reasons for the restriction of acreage?
§ Mr. SAMUELI am unable to follow the last part of my hon. Friend's question, but if he will put it down in a more detailed form, I will try to furnish him with a reply when I understand exactly what he means.
§ The answer promised is as follows:
§ The following statement shows the acreage under cotton harvested in the United States during the periods specified as reported by the Department of Agriculture:
Period. | Acres. | ||
Annual average— | |||
1904–1914 | … | … | 32,727,000 |
1915 | … | … | 31,412,000 |
1916 | … | … | 34,985,000 |
1917 | … | … | 33,841,000 |
1918 | … | … | 36,008,000 |
1919–1923 | … | … | 34,022,000 |
§ I am unable to follow the last part of my hon. Friend's question.