PROFITS IN COTTON.
RESULTS OF BRITISH MONOPOLY. By Telegraph.—Press Assn.—Copyright. Loudon, Feb. 18. The sub-committee acting tinder the Profiteering Act, which has been inquiring into ;the alleged sewing cotton combine, reports, after exhaustive inquiries, that the manufacture of sewing cotton is virtually the monopoly of Coats, wiio have taken advantage of their monopoly to restrict the trade', making it extremely difficult • for competing firms to obtain a footing. '■ The report stated that, in view of the fact that Coats last September estimated the total manufacturing and selling costs amounted to 3,' BSd per reel the advance of the retail selling price to 1% was hardly justifiable. The retail price should not exceed (id a reel Coats increased their net profit per red by 168 per cent.' between 1914 and 1918.
The sub-committee, however, express the opinion that when Coats' present supplies of raw and manufactured cotton are exhausted the" price of sewing cotton must rise unless the price of cotton falls.
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Taranaki Daily News, 21 February 1920, Page 3
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161PROFITS IN COTTON. Taranaki Daily News, 21 February 1920, Page 3
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