"Of course it’ll overflow again, and then cotton’ll be worth thirty cents a pound. "
Cotton prices 1895-1930, not adjusted for inflation
Public DomainCotton prices 1895-1930, not adjusted for inflation

After the Great Flood, the price of cotton rose to 20.2 cents per pound from 12.5 the previous year. For over a decade, the damage wrought by the boll-weevil and floods had taken their toll on cotton production and, as this resource grew scarce, it accordingly soared in cost.