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Gradual Improvement Foreseen in Textiles Says Babson
Boston Park Mass June 6 Roger W Babson the statistician issued a statement on the cotton textile industry noting softer mood but arguing the situation may be improving. He cites April 1924 employment at 431010 across 1236 establishments versus 484771 in April 1922, a decline of about 11 percent. He notes state by state activity in spindle hours and explains imports rising while exports faded, predicting conditions may stabilize or rise after August as crop and raw material prices set the next season.
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