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The Cotton Trade in England and on the Continent : a study in the field of the cotton industry / by G. v. Schulze-Gaevernitz. Translated from the german by Oscar S. Hall. [With introduction by Rd. Marsden]
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158

THE COTTON TRADE IN ENGLAND

For proof I give as an instance the quarterly production relationsof a spinning-mill at Oldham with 75,000 spindles.

Quarterly Production, 082,115 lb. 32s twist and 50s weft

Total cost of

Per lb.

production.

yarn.

£ s. d.

Wages

2,767 18 4

l*14d.

Working expenses, total

Including:

Directors salaries and travelling ex-

1,273 12 2

0-49d.

penses ..

£30

5

2

Coal .

323

15

0

Oil and tallow

70

19

11

Taxes

74

15

5

Roller covering (leather and materials)

47

10

0

Cord, strapping, etc.

91

1

6

Repairs

214

4

10

Insurance

78

13

9

Ground rent

44

14

5

Employers Association, etc.

18

16

8

3. Cotton waste as far as not used (sold for .£219 10s.) 1,151 0 0 0 o7d

4. Depreciation .. .. .. .. .. 750 0 0 0-08d.

Totals .£5,942 10 6 2-28d.

This instance shows how technical skill has already stepped beyondthose typical cases; the low depreciation is due to the circumstancethat the establishment is no longer in the books at full value.

Similar are the relations in weaving, although here no typicalcases can be given. The relations of production in a weaving-shedat Burnley, with 600 looms, in the summer of 1891 were thefollowing: Ordinary Burnley goodsi.e., printers calicoes, wereproduced in a width of 30 in. to 34 in. (28s to 45s twist, 30s to60s weft, 14 to 18 picks per quarter-inch, 56s to 58s reed) :

Half-yearly Production, 3,900,000 yds.

Total cost ofproduction.£ s. d.

Wages ..Working expenses

Including:

Directors salaries, auditorsfees, travelling expenses,etc.

£31

0

0

Rent for room and power (2£per cent, for buildings, and7J per cent, for power) ..

624

3

4

Cartage

301

15

H

Iron and repairs

127

3

9

Taxes (mostly paid by thelandlord of the building)

0

10

9

Gas and water

38

9

5

Healds, heald yarn, and reeds

85

7

7

Shuttles

19

6

5

Strapping

115

1

5

Depreciation (7J per cent, on the value of theworking machinery)

5,487 2 01.410 7 0

216 16 0

Per 1,000yds.s. d.27 7j7 3

1 7J

Totals

£7,114 5 0 36 6