FALL IN COTTON

Nelson Evening Mail, Volume LIV, 24 March 1921, Page 5

FALL IN COTTON

FROM 2/21 to 7.1 d PER LB. The wholesale price of cotton at Alanchostcr, which was quoted at 2/3.v six mouths ago, was 7Jd per lb at tho beginning of the week. Tho fall, according to a big indent agent, who. knows the “Manchester trade” thoroughly; was nothing for anyone to jubilate over, as such sudden falls hronglu disaster in their train, imd to-day half the people of Lancashire were.' no doubt, feeling the pinch of hard times. Unemployment was rife, and most of tho mills were working only half-time or less. The big prices of Vue last few years had killed tho trade for the time being, as no one would continue to order when they saw the peak bad bee ureaehed, and now prices wore tumbling down, they were scared to place any orders, and wore content to live on" stocks. . “Between Christmas, and . now,” said onr informant, “I usually book about £20,001) of orders for Manchester goods only—lliis year my orders are not worth £1000.”