It is true the price of our cloth. was based on our own cost of production of yarn, and not on cur-Tent market prices for yarn. Had it been based on the latter, our weave ing "account would have shown threatening. clouds.
The Accounts Turning to the accounts, notice that our land continues to stand in our books at Tls. 656,125, as against the present Municipal Assessment of Tis, 760,908. Only a few minor additions have been made to our buildings, driving part of our preparation machinery by electricity, Our weave ing plant is working very satiefactorily and our. products are getting well known and are establish-'a good market.
'The waste plant has been working' during pare of the year and proved valuable addition to our plant, Our waste yarn is selling well and ives a good return." However, the
Text read from the printed page and cleaned; old type leaves the occasional error.