COTTON MILLS' LOSSES.
f:1\ ;;; ,: , ;, ■^piyibEJlps^Aipr.v; V ; .\'v>: ;.• i -THE, VALUE 'OF .PAST;:OPRUDENCE.-; : ::; (Br-Teleßr.iphVPresa :'A«33Clatlon-Cobrrlßht.l ' ■ i;:.; .: (Eoo. December' 21,- 8.55 p.m.) -.'.■■■ '.; ' : .VV ' ;'/■;■:;/ - : :.;; '-, i^ "'.' London, -December .21.;; ; ? i An analysis of'tho : balancb'-sheets of- a; hun-dred,-.,typical'; Lancashire cotton;" mills,: containing : 'eight,-• million "spindles, 'shows; a::loss l ; bf; ,£272,072 gt«rlinßj-:;6r.'.BVper..cent;, for the [year. 'Neyertheless' the;mills, pay • dividends on ,hn : average,,of .7{-,per cent, -/This is possible •because -the companies wrote >;stoeks down, to iomihal. figures during.the boom,years.:- : , v . •''tin. a.npto. on the. improvement. in : trade' shown;, by.' the- October; returns, ' a 'London? paper eay,s: l '"Both "exports- arid .'imiporta>for,October. showvsomb.improvement as ■compared /with the same ;- month, last /year, which' had''One: more , working "day. , In' both , 'cjises.Vhowever, , the : improvement', is the "■ result .of : figures '.. from ,ffie cotton trade.. The increase-over value'; of Um-ported;,raw-cotton; i owing .'.mainly to; higher prices, was greater,. than: tho total increase for-' : outclasses of 'imports.] -;■.;■ -tVi:-.. .' :. / -.> :
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Dominion, Volume 3, Issue 696, 22 December 1909, Page 7
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144COTTON MILLS' LOSSES. Dominion, Volume 3, Issue 696, 22 December 1909, Page 7
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