3. Ever since 1955, it has been the policy of the U.S. Government to raise the level of American cotton prices in order to increase the income of their cotton growers; and this policy has been extended during the war period, so that the internal price of cotton now maintained by the U.S. Government is more than double that of 1939. In the meantime, other countries, notably Brazil, have increased their production of cotton at lower prices, with the result that stocks of U.S. cotton amounting to about 21/2 million tons, or about one year's present U.