Abstract

THE Lancashire cotton industry is, as is well known,in a somewhat parlous condition; and one important factor involved is that it has not control over its supplies of raw material. About one-third is grown in Egypt and south America, and two-thirds are from the uniated States; but the cotton of these two sections is so different that two separate industries deal with it in Lancashire. The first appears to be fairly prosperous; but the larger industry, dependent on the United States supply, is in trouble. This supply fluctuates enormously, and demands from elsewhere are increasing rapidly. During the past five years the crop has varied from 11 to 18 million bales; cotton mills are springing up in many countries, and those in America alone now require about half the crop. These figures indicate sufficiently how precarious is the position of the bulk of the Lancashire cotton mills.

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