Excerpt from The Cotton Situation: October 26, 1954 On September 15, the Secretary announced an initial set-aside of 1 million bales for upland cotton. The set-aside will be increased to at least 3 million bales at a later date. The Secretary also said that 3 mil lion bales would.be excluded from.the computation of carryover when com puting the price support level for the 1955 crop of upland cotton. If production in 1955-56 is the same as the marketing quotas and disappearance and imports are the same as those used for l95h-55 in comput ing the 1955 marketing quota, the carryover of upland cotton on August 1, 1956 would be about h.8 million bales. The quantity that will still be in the set-aside at that time is uncertain. Set - aside stocks may be disposed of for foreign relief purposes, sold for foreign currency to develop new and expanded markets, transferred to the national stockpile, used for re search, experimental or educational purposes, or used for disaster relief in the United States without any price limitation. Also, set-aside stocks may be sold for 105 percent of the parity price for unrestricted use to meet a need for increased supplies. Stocks owned by 000, but not included in the set-aside, can be sold for a minimum of 105 percent of the support price plus reasonable carrying charges and interest. 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.