COTTON COMBINE
COATES’S EXCESSIVE PROFITS MONOPOLY RESTRICTS TRADE (By Electric Telegraph—Copyright). (Beater** Telegrams) (Rec. Feb. 20, 11.35 a.m.) LONDON, Feb. 18. The Profiteering Act Subcommittee enquiring into the alleged sewing cotton combine report, that after exhaustive inquiries the manufacture of sewing cotton is a virtual monopoly of Coates’s, who have taken advantage of their monopoly to restrict trade, making it extremely difficult for competing firms to obtain a footing. In view of the fact that Coates s last September , estimated that the total manufacturing and selling costs amounted to 3,83 d per reel the advancement of the retail selling price to was hardly justifiable. The acetail price should not exceed 6d a reel. Coates increased their net profit per reel by 168 per cent, between 1914 and |919. The Sub-committee, however, express the opinion that when Coates’s present supplies of raw and manufactured cotton are exhausted the price of sewing cotton must rise unless the price of cotton falls.
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Nelson Evening Mail, Volume LIV, Issue LIV, 20 February 1920, Page 5
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159COTTON COMBINE Nelson Evening Mail, Volume LIV, Issue LIV, 20 February 1920, Page 5
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