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CONTENTS
Page
Letter of transmittal
Findings and recommendations__
Summary of information obtained in the investigation:
Part I. Cotton:
1. The changed position of the United States in world production,
exports, stock, and consumption of cotton:
Production__
Consumption.
Stocks..
2. The present cotton program
3. Imports prior to subsidy program.
Short-staple cotton...
Long-staple cotton__
V
1
4. Prices and imports under the subsidy program:
Prices of American cotton in United States and in
foreign markets__
Possibility of returning exported cotton to the United
States...
21
Incentive under subsidy program to import cotton.--.
Prices of foreign-grown long-staple cotton in relation to
imports....
Part II. Cotton waste:
Description and uses-
World production and consumption-
Summary of United States production, imports, and exports_
Imports prior to the subsidy..
Prices of cotton wastes prior to and after introduction of subsidy.
Part III. Basis of quota recommendations:
Short-staple cotton__
Long-staple cotton..
Cotton waste...
APPENDIXES
I. Statistical data....
II. Proclamation by the President-
CHARTS
World production, consumption, and carry-over, 1920–38
4. Mill consumption in foreign countries, 1920–38_
5. Prices of Egyptian, Indian, Peruvian, and Brazilian, expressed
as percentages of American, Liverpool, 1921-22 to 1938-39----
35