PRICE OF COTTON
ANOTHER RISE LIKELY. Cable advice of a further increase in the price of cotton has been received by a Wellington firm of warehousemen from their London agent., Reporting upon the cond-tion of the market at Home, thea firm's representative stated that probably the most important news in regard to cotton was that the Egypt'an Government, proposed .'to put a* new tax on Egyptian cotton which would mean a rise of about a penny per pound. Owing to the scarcity of good quality American cotton, he said, the demand had been driven into the Egyptian art'cle, arid it was estimated that the tax would mean to the Lancashire manufacturers in general an' increased cost of a m-lLon* pounds per annum.
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Wairarapa Age, 25 March 1920, Page 2
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122PRICE OF COTTON Wairarapa Age, 25 March 1920, Page 2
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