90% Cotton Mills Lost Money Last Year, July 19, 1924

90 Per Cent of Cotton Mills Operated at Loss Past Year

Charlotte, July 19—Ninety per cent of the cotton mills of the United States have operated at a loss for the past several months, according to a statement here today by W.D. Adams, of this city, secretary of the American Cotton Manufacturers Association.

Conditions in the industry, he said, have been unusually distressing.

From the front page of the Concord Daily Tribune, Saturday, July 19, 1924