COTTON SHORTAGE

Dominion, Volume 3, Issue 804, 29 April 1910, Page 5

COTTON SHORTAGE

'~ SEED. ADVANCES FIVE-FOLD. ' By I'telegraph—Press Association-Copyright , New York, April 27.. , Owing to. the destruction by. frost of the Georgia cotton crop,, the price ofl cotton-seed,: which was previously. £o a ton, is'now quoted at,from i!2O to J3O a ton by; tho American oil-mill 6. ; : LABOUR TROUBLE AT HOME. ''..;; WAGE, SEDUCTION. . ..:' (Rec.April 28, 11.30. p.m.) /;. . , London, April 28. '. The Federation of the Master Cotton'. Spinners': . Associations., ,of ,Lancashire '.'r have resolved, to secure a 5 per cent re-, duction of wages, after which they will b» ~ willing to : negotiate a sliding scale. v ,% : : The'.. projected". reduction represents:, JSIO.OOO'a /week,.'and' 150,000 hands it?". affected.. ...'-.;•.-' •'• '. , -". ■'..:■ EFFECT ON NEW ZEALAND. PROBABLE BENEFIT TO WOOL. .-'; The partial failure of the American cotton crop is likely to have considerable effect in New Zealand, according to the manager of one of the large drapery' emporiums, who was seen by.a Dominion . representative yesterday. The price of cotton goods, he stated, has been in-' creasing during the past fifteen months, . owing, first of all to a rise in the price of the ,raw cotton, and secondly to an increase in the cost of English manu- : facture, due, it-is said, to the'demands ■:■■ of labour. The bulk of the cotton which finds its way into. British and New Zea-,';'-, land-sold goods comes from America, and; . it is the American supply : which influ-' ; ' ences .the market. - The disaster to the crop in the United States will make it ' - very improbable that the price of cotton goods will be'lowered within tho : next three years, and it is very possible that the price will be very much increased. '.".-'■: "The bulk of r our business is done in cotton goods,"■' stated' this informant. "Cotton is used in the manufacture of flannelette,- tweeds, ' calico, • shirtings, - : quilts, and countless other materials and / ■ articles in-general use. It is,possible, however, that America's ill-wind may blow good to. New Zealand in another way, for if there is a falling-off in the supply of cotton there is almost sure, to oe an increased demand for wool, by which the New Zealand grower ought to benefit, .'-■'.'■■■'■