London, Apr. 13.
The Cotton Yarn Association have issued a statement with reference to the proposed combine of mills in the American section of the spinning industry, estimating that at least £130,000, or $6,500 per mill, could be saved each year in the cost of production, This estimate is based on the combination of 20 mills. Savings would be effected in over-head expenses, salaries, fees, and the lower cost of cotton by bulk: purchases and increased selling efficiency.
Apr. 16.
'A further attempt to settle the dispute in the Lancashire cotton industry, with regard to workin hours and wages, ade at Manchester to-day at a joint conference of representatives of employers and trade-unionists, One of the latter, prior to the conference, stated that they were as opposed as eyra to any reduction of wages, but they wanted to know what the employers meant by "giving full productive effect to the 48-hour working week.
The conference adjourned until April 30.
Tt is considered very probable that the operatives are willing favourably to discuss the full production week, but not the wage reduction, It is understood that the employers are not unanimous in the mat ter of forcing a crisis on the wages question if the full production week can be obtained.—Reuter,
Text read from the printed page and cleaned; old type leaves the occasional error.