COTTON REVIVAL
RAPID RISE IN SHARES Hundreds of people have been searching for scraps of paper they had almost forgotten for years. They are cotton mill shares worth a few coppers each until a few weeks ago. To-day they are worth shillings, states the Daily Mail, London. Many of the holders are people of small incomes who lost their savings in the slump. Few are selling out. They are looking forward to drawing dividends again. Experts estimate that more than £30,000,000 has been added to the values of shares in Lancashire’s 500 spinning mills through the increased demand for yarns since war began. Some shares are back to their original values of 10s. or £l. Shares in Slack Mills Company, Limited, of Hyde, Lancashire, have gradually risen from 3d. to 75., Lancashire Cotton Corporation shares have risen from 6s. to 165., and Clover Croft and State, Limited, of Rochdale, from 2s. 6d. to 6s. 7Jd. Shares of smaller companies have multiplied their value five or six times.
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https://paperspast.natlib.govt.nz/newspapers/THD19400117.2.117.2
Bibliographic details
Timaru Herald, Volume CXLVIII, Issue 21554, 17 January 1940, Page 11
Word Count
167COTTON REVIVAL Timaru Herald, Volume CXLVIII, Issue 21554, 17 January 1940, Page 11
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