The Archive · 1928

Important Report from

MANCHESTER

Unconfirmed Story of Combine in American Section Manchester, Mar. 16, The Secretary of the Cotton Yarn Association has refused to confirm a circumstantial report that definite steps are being taken in the next fortnight to form a big combine the mills engaged in the America section of the spinning trade and thata meeting is to be held here on March 27 to discuss the proposs, the general idea being: to form

capital. "Tt is understood that. the 4 holding "company with a large scheme is supported by some of the Teading banks. A novel aspect of the project would be the appointment by the operatives of two officials to be paid by the Company to assist the! directors of the combine—Reuter.

Text read from the printed page and cleaned; old type leaves the occasional error.

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