COTTON GOODS
WHY PRICES ARE HIGH. The extraordinary prosperity of the British cotton trade is emphasised by reports issued by the Department of Overseas Trade. Britain exported 7,075,252,000 yards of cotton piece poods in 1913, valued at. £97,775,8.5.5. Last year the quantity exported was 3,528,756,500 yards, less than half the 1013 total, but the value was f175.950.9-i3. The drop in quantities was due largely to the immense home demand. The figures show the enormous increase in values. ''An indication of the prosperity of the cotton industries," says the Department-, “is found in the action of the Lancashire cotton spinners m .allocating one and a half million sterling for distribution among their workpeople in the form of extra bonuses. It is now stated that the cloth manufacturers are, also to distribute extra bonuses, the total cost of which will be two millions, among the weavers and others engaged in cloth production." A shortage of raw cotton, an immense European demand for manufactured cotton, and increased wages and shorter hours in the cotton trade are among the factors that make for continued high prices.
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Southland Times, Issue 18821, 14 May 1920, Page 3
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182COTTON GOODS Southland Times, Issue 18821, 14 May 1920, Page 3
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