Thank you for correcting the text in this article. Your corrections improve Papers Past searches for everyone. See the latest corrections.

This article contains searchable text which was automatically generated and may contain errors. Join the community and correct any errors you spot to help us improve Papers Past.

Article image
Article image
Article image
Article image

BOOM IN BRITISH COTTON

SPECULATIVE " BIG MONEY " AT WORK WITH AN EYE TO LARGE PROFITS ffiec. September I, 11.25 p.m.) . London, September 3. The past mouth's comon mill buying is a boom for Lancashire, .and niar&> the opening of a new period of speculative finance in an industry whose capital hitherto has mainly been held locally by the Amalgamated Cotton Mill Trust, which, allied with ihe Dunlop itubber Company, tilone bought twenty mills in the Oldham district, involving 2,800,000 spindles, worth £1,000,1 M. Other trusts are buying on a vast scale, paying in some instances .£195 lor Mil shares. Companies are being refloated with a greatly increased capital. The speculators are gambling on another three or four years of abnormal protitt>, coupled with decreased production, owing to the reduction of hours. There is no likelihood of new mills being ibuilt, owing to tho high cost of building ana machinery. The world's demand for cotton is: such that foreign competition is not. felt.—Aus.-N.Z. Cable Assu,

Permanent link to this item
Hononga pūmau ki tēnei tūemi

https://paperspast.natlib.govt.nz/newspapers/DOM19190905.2.44

Bibliographic details
Ngā taipitopito pukapuka

Dominion, Volume 12, Issue 12, 5 September 1919, Page 7

Word count
Tapeke kupu
164

BOOM IN BRITISH COTTON Dominion, Volume 12, Issue 12, 5 September 1919, Page 7

BOOM IN BRITISH COTTON Dominion, Volume 12, Issue 12, 5 September 1919, Page 7

Help

Log in or create a Papers Past website account

Use your Papers Past website account to correct newspaper text.

By creating and using this account you agree to our terms of use.

Log in with RealMe®

If you’ve used a RealMe login somewhere else, you can use it here too. If you don’t already have a username and password, just click Log in and you can choose to create one.


Log in again to continue your work

Your session has expired.

Log in again with RealMe®


Alert