Cause and Effect of Recent Advances in Textile Machinery

Abstract

Abstract There is an important general advance in the improvement of textile machinery. The cause is mainly in the necessity which the machinery manufacturers face of developing equipment for replacement rather than for expansion. A slight falling off in the rate of development began this year, due largely to the great expense which the work entails, but the rate is still far above normal. If the industry will refrain from employing high-production machines to increase total output, that is to say, if it will use such equipment strictly to decrease operating costs, it will have a splendid opportunity to eliminate or reduce the overproduction which now hampers it. This is because continual renovation of the better mills will close the less efficient ones, and because reduced costs, followed by reduced selling prices, will widen the market.