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

COTTON DOWN.

PASSING OF GREAT BOOM IN LANCASHIRE. Manchester, July 22. There was a further decline in Egyptian cotton prices to-day> and since a week ago values in Liverpool have dropped about Is a pound. The spot quotation in Liverpool yesterday was H%i, as compared with the record figure of o(>d last February. This week's slump is chiefly due to. the Egyptian banks pressing their customers to reduce loans, which has compelled numerous operators in the Alexandria market to sell their cotton. It is also relating to the outlook for next season's crop. Climate conditions are now better, and there is a possibility of an increaso in the acreage of about 10 per cent. Yarn contracts are now running down rather rapidly, and rates for twist and weft are gradually giving way. It is possible to purchase certain yarns at shillings a pound less than earlier in the year. Although the fall in the Egyptian cotton values has not had any particilar effect on prices for other kind of cotton, it is of interest to note that, despite crop advices from the United States being wretched for several weeks, operators have been unable to advance rates, and during the last few days there has been quite an easier movement without any real improvement in the prospects for the new growth. Manchester trading circles hold the opinion that prices throughout the world for ali kinds of commodities are coming down, and during the past week less business has been done on • the Royal Exchange than in any week for twelve months. The boom in the Lancashire cotton industry is quickly passing away. —Daily Express.

Permanent link to this item
Hononga pūmau ki tēnei tūemi

https://paperspast.natlib.govt.nz/newspapers/TDN19200828.2.88

Bibliographic details
Ngā taipitopito pukapuka

Taranaki Daily News, 28 August 1920, Page 10

Word count
Tapeke kupu
273

COTTON DOWN. Taranaki Daily News, 28 August 1920, Page 10

COTTON DOWN. Taranaki Daily News, 28 August 1920, Page 10

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