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Show I COTTON INDUSTRY I IS DEPRESSED. There has been a depression in the cotton trade which ie accounted for by thf decrease In the numbrr of spinning spin-ning spindles In operation. Fifteen per cent of the sixty million spindles in Great Britain am Idle. The total consumption of cotton In Great Britain for the year ending Juij '81, 1920, was slightly over 3,000,000 bales, of which 2,000.000 bales wero American. The consumption of the. United States was over 6,000.000 and i that of Japan 2,000,000 bales. Of 164 . 000, 000 spindles in the world less than 138,000,000 are active at the present time. Depression In the British cotton industry still continues, It being reported re-ported that in one Lancashire town alone, seventeen mills art- closed down for lack of orders, and orcanlzed short f time is again being seriously discussed There is a world-wido let down to industry, due. in great part, to the rap-1 rap-1 id readjustments under way. Prices I are falling and production Is beinc cur tailed. |