Extensions te the Worsted Spinning Plant were made during the year while an experimental Worsted Weaving, Dyeing, and Finishing Plant was also installed, The chairman added he was pleased to report that although they had only been running a few months, their initial efforts in the latter section have met With satisfactory success which with greater experience and better trading conditions they felt Of course import duty ce. is not] charged on Chinese cotton, but it has the effect of raising its price accordingly. Recently a good type of American cotton, exclusive of uty and surtax, could be obtained fat about $41 per picul. On the same Say Chinese "seers were, asking about $43 per picul for a very in. ferior class of cotton which contains more dirt, more moisture and is capable only of being spun into al much coarser yarn.
Text read from the printed page and cleaned; old type leaves the occasional error.