Milford News | 1930-11-06 | Page 3 | Machinery in British Cotton Mill Made Junk

Machinery in British J Cotton Mill Made Junk! Low Moor, a village near Clitheroe, recently saw disappear its last hope of renewed prosperity, the machinery in the village mill, which formerly employed a total adult population nf 7(10, being sold in small lots to brokers at scrap metal prices. The mill, established 130 years ago, and run ever since by the !ar-nett !ar-nett family, was the first in Lancashire Lan-cashire to introduce power looms, and cavalry defended it against the mob of 1S-0. Trade depression resulted re-sulted In the mill closing nearly three; years ago. One hundred and twenty-j eight looms, costing $120 each, sold for $7; C-1G looms, which today! would each cost $90, were knocked down for $3.25, and 500, which, when running, were worth ?S0 apiece, sold, for $2.75. Brokers have seldom' known looms to sell so cheaply. ! London Times. j