New-York tribune., 1922-07-23
Cotton Mill Trade
SpOtty, but Prices
Maintain Firmnes
Rail and Coal Strikes An
Not Having Any Seriss
Effect Now: Deperi
on Water Transportaha


NEW BEDFORD. Mass. Isly =
Spotted business was more syitei /
the cotton manufactur.ag Industry A. +
week than any general tratlrs n
national industrial situation .oss I'll
edge OF the markets. but tie uktr
has not been far-reaehing. Pr:se Z (
cloth have been firm; short esl,n y
clined one cent a pound, skils ui
staple maintained prices.
Definite tendencies were lackinf n
textile industry has been 100 ssg n /
six months watching is own s,rn .
regard the critical strikes IA ctkr q
dustries as novelties besHa y
threat Of erippllng other lrisrrs
by the rail and coal controversies "a
not been 50 imminent With The ts
ton manufacturers as Others
Chief among the reasons. 50 lf 9 |
New Bedford. Fall River and oises ~
port centers are eoneer-sy I, III
ability 20 get the raw mA.sral :
water transport The cotton zills y
quirements FOR fuel are 20, 70 tear
as industries turning osi hsr
articles. Then, too. no, an iree,s
quont.al number % mills bgrs "
oil. Sooner or later, II iAs arin
continue their enyeloplng msssnfr
the textile lines will have 70 Be gswii'
ed by conditions existing u ctr y
dustrits. But this week slcA ihfssra
as the outlook has had, has tore 'is,
outside sources rather thsa ff'n sn'
IN cotton goods trade channels
Fancy goods led IN the iritinf y
tho cloth markets. AZ leis, ere sac
larger than has been the rule q reesni
months was transacted, tnorrrns -
about 2s0.0O0 yards. Tasf. rts =
active inquiry FOR novelty snt speeisv
yarns. Sales Of any paflieuisr 's'i..
canoe In any type OF yarns ssfs !.
reported. Fall River prlnt elo'h nv.
est revived toward the close o. y,
week. Buyers are evnelng 10 r..
concern over the situation. l's.
cfolts 20 bring down prices wfs.r
Withdrawing from the nsfks' ~"
lecn. generally unayailing via e,ns s'a
maintaining such firm hold on ~
.Cvols.
The new crop has begun 70 Ssn
ft.cif:llt ll the raw cotton maf"ts
t1.ions that are being made ron
South on the new cotton Is bslcs =.
of present spots but high for ne ~
harvest. Last year at this tine, " "
new crop offerings were not msch ne'
than half those now. These oftrlip
axe more in the nature Of feelsp ~,
determinatlyc. Still mills that VIZ 7.
make contracts for gray goods '' ~
fall deliveries must figure On Wv
cotton forecasts. The buying 81 s,,
staple has developed premiums u
and FIVE iyteenth and inch sne
quarter. The longer staple IN w..
m.ddling ranges from y 20 ,, e',s a.,
pound. pimas s,oes are cwhcl-,
under the interest they lave en'y.
because OK the favorable price W ~.
compared with regular Ameflesh ~
ton. Estimates place the sfaes's
Pima now available az 5000 oalo. "
pared With 10000 two months Ha
Longest Large Strike
This week has seen the end q n 4.
sixth month of the textile s'fir .
Rhode Island. making Il the ~', =,
large strike in the industry. le eM, IN
production in all New Englsna 49, =
affected by the strike is estiusNs y
260, 900 600 Yards. The less ~ 80 ~.
is about Sl5,00o.OOo. Gains sr
being made by the mills, bat W. 20
roads on the strikers ranks IS ~. IL
crossing slowly. There are sun 49,
so. 900, estimated, out in New lnbs =.
Cotton receipts in New Enslsns1 ~,
June increased over the two pi.s
months. The FIVE principal esr
New Bedford. Fall River ~ n
Lawrence and Manchester--rsporr,ssc - 40
ceipts OF 69,50i bales. This va w,s,s IN
bales below the same month OF i' srt
about half the receipts for tns n
the two years previous 10 W. al
five cities have received 3S.ooo a
bales for the 1922 season tns, \,
l920-2l season. Fall River y" "A
June receipts with 2s.0oo os,e,. os,sn
Bedford with $4,000, while ~ "a,
and Manchester reported yirtus'
Fall Rivers dividend perioe :"
third quarter was started tnis ~
with the four mills that Seeisss n
dends showing the same rate w1sd
quarter. Fall River stocks wn AZ
strengthen with the proximity "slia
dend period, but selling Wa -s1s
NeIId stock in New Bedfofo
sensational gain Of Is poinu 10 j
asking price TO 325, and fre"
bid to 800.