THE COTTON TRADE
LONDON, May 28,
Though 92 per cent, of the members of the Federation of Master Cottonspinners favour a 6 per cent, reduction in wages, the employers, not wishing to bring about a period of industrial strife at the beginning of the new reign, have decided to refrain from taking action for three months.
May 29.
A scheme is afoot to establish warehouses in the United States cotton belt capable of storing the world's demand for a year, thereby preventing the formation of "corners."
Leopold Hirsch, John Hayes, Hammond, and Dan Sulby .are interested in the proposal.
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Otago Witness, 1 June 1910, Page 31
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99THE COTTON TRADE Otago Witness, 1 June 1910, Page 31
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