Show ACTIVITY IS WORLDWIDE 1 Cheering Words of President of Na National National Association of Gotten Manufacturers to Delegates Boston April 24 James R B MacColl of Providence e R B I r president of the Na National National Association Ass of Cotton Manufacturers ers era Which met here today in annual meet meetIng in Ing said In addressing the delegates I 1 am glad to congratulate you upon the continued d activity and prosperity rity of ot our Industry This condition seems to be worldwide There Is adequate consumption consumptIon tion or at least demand to employ every spindle and loom A year ago so we record recorded ed e 1 income of spindles The TIle latest reports show spindles added or projected within five ne years I which equals the growth of the previous thirty years In our own country there has been a normal addition of spindles dIes imports of cotton otton manufactures have in increased increased increased creased during 1906 1900 as compared with 1905 1903 or 28 26 8 per cent exports have di dl diminished or 24 per cent yet there Is no evidence of ot oversupply or glutted markets Extension of foreign trade Is for lor the moment Ignored on ac account account account count of ot the home demand absorbing all aU aUthe the output uEver Everything that enters Into the cost of production Is getting on to an excessively elY high leVeL l veL It is hardly to be expected that the present tariff cap can prevent large Importations of foreign goods unless we can maintain our lead in the use se of la Ia laborsaving methods and devices deices But the fact is that our foreign competitors are keenly alive to the situation and are rap 1 idly adopting American merl improvements and there are already ady many mills abroad that are fully tully equipped with every American device Aa Ais A soon as there Is a s reaction abroad we expect a reaction here heren n |