Business & Finance: Cotton Institute

At Manhattan last week 80 cotton manufacturers warily assembled in the Hotel Biltmore. They were from the 17 states where cotton is fabricated into textiles. They represented virtually one-half of the U. S. cotton industry, which operates 37,000,000 spindles* in 3,000 mills. They were wary because they are traditionally accustomed to "sneaking up on one another"— in a commercial way—and hamstringing one another through one another's trade sinews. The New England manufacturers had begun this cutlass-heaving, had grown potent — in a commercial way. Southern manufacturers, as they set themselves up...