Business & Finance: Cotton's Needs

At General Johnson's suggestion, code authorities in Washington have been making surveys of potential buyers for machinery, plant equipment, and other products of capital goods industries—slowest to respond to Recovery. Last week the first to report was the cotton textile industry, which was also the first to sign a code. After a survey of 500 cotton mills representing one-half of the industry's 30,000,000 spindles, the Cotton Textile Code Authority discovered that mill owners were willing to spend $86,000,000 in addition to present commitments in the next 18 months — 60% for manufacturing equipment,...

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