The General Committee of the Cotton Spinners Association decided today to curtail the production of cotton yarn and appointed a special committee to recommend the extent fand method of curtailment by Jantary 15. next.
Curtailment is considered necessary because of the increased production of yarns during recent months and the declining prices, The newspapers are vigorously criticizing the action of the Spinners because they consider curtailment will artificially increase the Nuting ly. 6 1003 614 60 1906 22 18
Exchange Market Gola Loan 81% 1208"; Shai Hangchow Rly. 5% 1908 73 73 Moura. Lindsay, Macintyre & Drake- Stl Hansston 075 1008 boston done'on December Bokuane Ty. 5 Tentala Pokow Rly. 631008 22 22 Tran Banc Manct Deuveay Tientsin Pukow Riy.6% 1010 18 18 Highest Lowest a Yen Mencwanr CLosing Tare 18 3 brought about by speculation New York, the bank rate was raised to 6} per cent. which was the highest rate for 8 years.
Then came the New York slump which eased the world money posi tion and increased the bank's chances of increasing its gold holding. On October 31 the rate was lowered to 6 per cent. Three weeks Inter it was reduced to per eent—British Wireless through, Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.