Salt Lake Herald | 1897-05-27 | Page 1 | Cotton Goods Market

COTTON GOODS flARKET and a Curtailment It i Very TJnsatisfactory n Iiooked For tailment is tlmet i Ioo1ed I Boston May 26A movement which is expected to develop into a more or less general curtailment of production among New England cotton mills Is to be inaugurated next month by the mills of the Dwight Manufacturing company at Chicopee Mass the Lyman company com-pany at Holyok Mass and the Great Falls Manufacturing company at Somprsworth N H The officers of the milts glve rs a reason I rea-son for the step the present unsatisfactory unsatis-factory state of the cotton goods marI mar-i I ket All the mills in question ensured i in the manufacture of sheeting shvt I irtg and drills are capitalized in tie I aggregate at JJITOOCO and operate 1350000 spindles and uta 9000 looms i I The curtailment will probably last during dur-ing June July and August Advocates of a general shutdown point to the meager snowing made in the report of the dividends paid hy the mills for the past quarter from which it appears that 3 corporations have paid the stockholders 102950 or on an average of seveneisb of 1 per cent on a capital of 22133OuO