This situation is contrasted in the cireulay with that favourably ruling during the operation of the Yarn Association's policy of curtailment, which proved that standard prices could be maintained and that the resent losses are unnecessary, The circular says that the Cotton Yarn Association is prepared to end the present chaos immediately, if support from those who hitherto have hindered its efforts is forthcoming. The Asvoeiation is not prepared, however, to allow ers to improve their position at its expense, The losses being incurred on yarn sold to-day may be removed immediately they are prepared to ce-operate with their fellow-spi $15,000,000 at Stake lo was further to-day in a statement made in the House of Commons, when it was suid that 200 mills were the hands of banks, who had lent spinners ubout £16,000,000, suggested that the banks tone or two millions of over-doatts now, rather than lose the whole £15,000,000 in five years and ruin the' Lancashire cotton trade, The only solution was along the lines of Targe seule amalgamations and the elimination of inefficient concerns, Mr. C, E, Hobson, Vice-President tion, that if something very were not done, there would be a collapse.
Lack of Information in Lancashire Dee. 21.
Mr. Samuel Hammersley, or. a cotton-spinner, interviewed with regard to his statement in the House of Commons, yesterday, when he suggested that the banks write off one or two million pounds of overdrafts granted to mills now, rather than lose the whole £15,004 000 they had lent spinners and ruin the Lancushive cotton trade, laid stress on the necessity of establishing a central information bureau for Lancashire trade, which at present had no intelligence organization and was, from an export point of view, like an army without a General Staff.
In Japan, there was far greater centralization of information, All branches of trade were controlled from the centre. He claimed that such a scheme would change the whole position from hopeless
Text read from the printed page and cleaned; old type leaves the occasional error.