Textile sector mixed on Babson view of 1924 crisis
Babson Babson Pak Massachusetts January 11 1924 criticizes gloomy cotton textile reports while noting April 1924 employment fell 11 percent from 1923 and cotton spindle hours ran 77 percent national and 86 percent in the south with New England at 66 percent. He sees potential uptick after August and warns imports and demand shifts.
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