Evening star., 1922-11-28
COTTON AND WOOL
ALLIANCE. IS SEEN
Woods Election as Director
OF Consolidated Textile Is
Very Significant.
BY J. c. ROYLE.

Special Dispatch 10 The Star.
NE" YORK. November ce.-Ths
treno toward Industrial alliance and
! expansion In the United States Is in
full swing. That tendency OF husi-
ness was strikinsly exemplified by
announcement that President William
NJ Wood and other executives or OFF,
| GERS OF the American Wooden Com
pany had associated themselves with
the directors of the affairs of the Com
solidated Textile Company. one of the
dominant factors in the cotton textile
industry.
The remarkable feature of this La.
est Joining of forces is that all partie-
: interested insisted that il conter-
plated no financial consolidation. but
counted rather on increased e.fici-
ency OF management.
Face Same Problems.
Both the wooien and the cotton
branches Of the great textile Industry
nave been facing problems this year
WhIch were and ale practically id.n-
tical. There is great world short ee
oi production in both wool and cotton
rrices ior each have gone to high levels
ah1 snow no indications If halting in
their advance. Prices for finished
wooden and cotton cloths also have ad-
vanced. but have not kept pace with
the spurts In prices OF raw staples.
m past years the prices Of cotton goods
sometimes followed the advances or
declines OF the raw staple to the en-
tent OF SO per cent, but seldom we're
arected as much as Sc 2-3 per cent.
The full effect of price advances in
cotton and wooden goods has not yet
been felt by the public and will not be
iui,y apparent until jobbers and re-
!aliers dispose Of goods acquired at
lower prices. For the time being the
averaging OF costs has prevented the
out there Is every prospect that full
advances Will not be long delayed.
Public Opposition Seen.
Manufacturers are firm in the be-
ilef that such advances will find
strenuous opposition from the cor
somins public. although they do not
eHpeet the sharp drop in consumptio.l
"Hlcn TOOK place in 1921
That is the situation which textile
men are racing. and those CLOSELY
connected with this latest alliance of
textile executives point out that IN.
nope OF The Industries involved Is l.
| age and high labor costs by effec;iy,
and efficient management.
II IS indicated that the services a.
Mr. Wood will be utilized in the buv-
ing and manufacturing end OF Coz
!, icAllic business, " nile =
n Ruprecht. president of con.o,i-
dated and also Of Converse a Co
great cotton dist- ibu;ors. will u,iliz,
ms experience in selling and d.
tributing.
Woods Brilliant Success,
William ". Wood has hrourl..
american Wooden TO point where It's
plants now are running at better tha,
20 per cent of capacity, and has beea
singularly successful in providing foy
the raw wool supplies needed. a
Prices which assured America
Wooden margin Of profit over many
competitors. American Wooden. evil
, IDENTIFY foreseeing the wage trend. did
not reduce wages last spring and has
had no la Dor trouble. The b. b. ant
r. knight Mills of Consolidated,
with plants in Rhode Island and Mas
sachusetts. were tied up for months
| by strike of operatives against a
20 per cent wage reduction. and only
recently resumed full operation
The difficulties of the cotton mills
may be more thoroughly appreciated
when IL is realized that not more than
half the amount necessary to supply
the needs OF American mills has yet
left the hands of holders who are
hanging on for higher prices.
The demand for work clothing.
which continues 10 come from every
big industrial center. gives indica-
tion of the stability Of the present
manufacturing activity.