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Cotton Trade (Capital)

Volume 148: debated on Tuesday 8 November 1921

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asked the President of the Board of Trade the approximate amount of capital engaged in the cotton industry in this country in August, 1914, and at the present time, the price. of American and Egyptian cotton on 30th July, 1914, and 30th July, 1920, and the rate of wages prevailing in the industry on 30th July, 1914, and 30th July, 1920, respectively?

I regret that I am not in a position to furnish the information asked for in the first part of the question. The official quotations for middling American cotton and Fully Good Fair Egyptian, Sakellaridis, were, on 30th July, 1914, 6 86d. and 10ยท10d. per lb. respectively, and on 30th July, 1920, 26'15d. and 67d. per lb. respectively. It is not possible to give statistical information regarding wages in the form suggested in the question, owing to the great variety of rates involved, but I am informed that the increase in wages during the period specified has been estimated at somewhat over 170 per cent.