Excerpt from Standard Cotton Mill Practice and Equipment: With Classified Buyer's Index; 1918 It is perhaps well to say at the very beginning of this brief survey Of developments in the American cotton trade during 1917 that the year's experiences have compelled more extensive and profound re adjustments Of traditional thinking about cotton than those of any year within the memory of even the Oldest members of the trade. The Civil War itself, with its world-wide cotton famine and its sensa tional advance in the price Of the commodity, was much less deeply disturbing to those engaged in the cotton business than the course Of events in 1917 has been, because the market abnormalities of the Civil War period were easily explicable on the mere ground of the cutting Off of more than two - thirds of the world's cotton supply by the blockade of the South, and the desperate demand for cotton resulting therefrom in all the countries in which the cotton industry had been highly de veloped. The essentially temporary and exceptional character of what was occurring was apparent to all eyes; no questions were raised as to the ultimate adjustment Of the production of cotton to the world's requirements, or as to the restoration, soon after the coming of peace, of substantially the same parity between the price of cotton and the normal cost Of producing it that existed for many years before the war. 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.