Leading Economist's Disagreement with Short-Time Scheme London, Nov. 23.
'The General Committee of the Federation of Master Cotton Spinners' and. Manufacturers' Axsoc! tions privately met Mr. J.-M. Keynes, the eminent economist, al Manchester to-day, Mr, Fred Mills, Chairman of the Short-Time Organization Committee outlined the reasons for the adoption fof organized curtailment of pri-action.
Mr, Keynes, in reply, objected short-time as directly increasing costs of production and indirectly Sncreasing them through the steadily "worsening finances of the concerns. He declared that if Lancashire was tunable to work her spindles on full-ime with cotton at its present price, she never would be able to do s0, and to sit still and not consider Alternatives was a suicidal policy, Mr. Keynes suggested the forma-Yon of a cartel, in which the Melement of compulsion" would be necessary, mainly from banks, by which individual businesses would] maintain a separate identity and each would be allotted transferable quotas by the cartel managers, or the formation of amalgamations whi would buy a great number or mi order to close down some of them, strengthen their finances and con centrate their business on the remainder.—Reuter, America and the Use of Cotton New York, Nov. 24.
Some of the leading Sout manufacturers of fertilizer and cotton-need products have inaugura'. oda nation-wide movement to use cotton bags instead of jute for half} their products in order to assist the tices of cotton.—Reuter's American
Text read from the printed page and cleaned; old type leaves the occasional error.