Word: cotton
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Dates: during 1920-1929
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Prime Minister Stanley Baldwin betook his homespun, sterling self to Manchester, last week, and spoke words of chastening counsel. Addressing a potent luncheon group of Lancashire cotton tycoons he pointedly intimated that the capital structures of many of their firms are topheavy and must be scaled down. As he often does, Mr. Baldwin took his text from the iron & steel industry which is the basis of his family fortune, and spoke with a certain rugged candor thus: "I am going with my own trade, the steel trade, through deep waters. Most of what I had was in that industry...
Knowing that the cotton executives before him are embroiled in a wage dispute with 400,000 Lancashire mill employes, the Prime Minister concluded warmly: "The record of partnenship in the cotton trade between capital and labor is a very great one. You have stood together. The men who work for you today are the grandsons of the men who tightened their belts and helped to carry Lancashire through the days of the Civil War in America. Think two or three times before you sacrifice a position like that...
Commerce & Industry are borrowing more money from banks (a healthy trend, economically). New York Federal Reserve Bank last week reported $296,829,000 bills discounted. A year ago they were $118,374,000. However, some of the great difference was borrowed for speculation in wheat, corn, hogs and cotton...
University No. 1, L. A. Shaw '30: No. 2, T. B. Glynn '29: No. 3, J. P. Cotton Jr. '29: back, J. P. Mandell...
...general retail merchandising, two companies; department store work, in Boston, New York, and Washington; security analyst in New York City; insurance audit solicitors, in New York City; chemical administration or sales, in New York City; label and carton company, in Brooklyn, N. Y.; Office and bank fixtures company, saleswork; cotton mill manufacturing; moving picture field, general administration work; fruit and sugar production in the tropics; and electrical manufacturing, in La Salle. Illinois...