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Thoughtful assessment of broad principles of this kind allied to an intensive drive to put them into practical and detailed operat- ion is far more symptomatic of textile trading than many people are led to believe. The far-sighted among the industry's progressive companies will undoubtedly benefit by taking such effective action.
UNION STREAMLINING.
Everything points to an eventual merger between the trade unions in the industry following the recent fusion of the employers' organiset- igns moves which can only bring greater stability and improved efficiency to the general structure.
The latest situation is contained in the current quarterly report issued by Mr. Joe King, secretary of the National Union of Textile & Allied Workers, whose title already foreshadows the culmination of the present talks. At first these were between the two major associat- ions the Weavers' Association and what was then known as the Cardroom Workers' Association - but subsequently the other smaller unions within the Northern Counties' Textile Trades Federation on the weaving side and the Spinners and Twiners have accepted invitations to join the discussions.
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"Whilst we can be proud of our record as effective trade unions in the textile industry, says Mr. King, "if we are to continue to serve our members now and in the future equally effectively the stream- lining of our organisation would seem to be necessary." Mergers, he adds, can reduce considerably the cost of administration and overhead charges and many items can be effectively reduced without damaging service to members.
THE MARKETS.
Amid a week of considerable complications in the textile market as a whole, the call for actual supplies of raw cotton was only restricted. At the same time the general level of values was maintain- ed with the Liverpool c.i.f. price index incorporating a variety of growths slightly higher at 28.40 cents, a five-point rise on the week. Imports of raw cotton into Liverpool last week totalled 8,537 bales, the quantity afloat being 50,835 bales.
Trading in the Manchester yarn and cloth market was confused by the unexpected move to impose purchase tax on household textiles. All other matters were for the moment put aside while the outlook was viewed in a different perspective. Imports of these goods were expected to increase and competition strengthen. The industry in conference supported the Textile Council's call for tariff protection against Commonwealth arrivals, but Government opinion on this controversial revision of policy is not yet known. Business in all quarters was at
a low ebb with deliveries taken up quietly.
YARN QUOTATIONS.
This Week Week Ago. Year Ago.
American type.
6s ring tube
16s !!
24s
"
11
32s
#1
→
36s combed ring tube 16s ring beams 20s H
"
• •
32s
11
#1
ã•
d.
d.
44.00
44.00
•
0
52.00
52.00
53.50
•
59.00
59.00
56.00
61.50
61.50
59.00
• •
•
4
•
77.50
77.50
•
59.00
59.00
57.50
+
Q
66.00
66.00
64.50
· •
•
71.50
71.50
69.75
•
85.00
85.00
97.00
97.00
81.50
81.50
1 1 1
Sudan type.
54s carded ring tube
58s combed 督
38s combed hosiery (cone)
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