London, July 4.
The "Weekly Dispatch" publishes a statement by Sir Charles Macara, Chairman of the Man. chester Master Cotton Spinners Association, in which he expresses the opinion that the world position of the cotton industry offers no hope of a slump or even of any marked lowering of prices. The only thing that could cause a marked decline in prices would be a removal of the Excess Profits duty, the continuance of which, Sir Charles Macara declares, is indefensible.—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.