Cotton And Cotton Manufacture
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A few very large mills maintain selling offices of their own in the large centers of distribution through which they market their goods di- rect to the jobbers and retailers. In most cases where direct selling is done, however, the goods are sold in the gray by the mill treasurer at the mill. This practice is common with those mills which make staple gray goods and which, when not sold ahead, are able to manufacture for stock against spot sales. A few Southern yarn mills also sell direct.
The r...elation between the manufacturer and commercial banker or commission house is as old as the industry itself. Slater's first mill in 1790 was financed by Almy & Brown of Boston, who undertook to mar- ket his goods and also to furnish him the credit he needed to buy cotton and supplies. In the early days the cloth was sold at auction by the selling house and the proceeds less commission credited to the mill.
Later on the factors developed extensive selling organizations through- out the country by means of which they were able to market the products of a good many mills.
What to read after Cotton And Cotton Manufacture?
You can find similar books in the "Read Also" column, or choose other free books by James Paul Warburg to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
A few very large mills maintain selling offices of their own in the large centers of distribution through which they market their goods di- rect to the jobbers and retailers. In most cases where direct selling is done, however, the goods are sold in the gray by the mill treasurer at the mill. This practice is common with those mills which make staple gray goods and which, when not sold ahead, are able to manufacture for stock against spot sales. A few Southern yarn mills also sell direct.
The r...elation between the manufacturer and commercial banker or commission house is as old as the industry itself. Slater's first mill in 1790 was financed by Almy & Brown of Boston, who undertook to mar- ket his goods and also to furnish him the credit he needed to buy cotton and supplies. In the early days the cloth was sold at auction by the selling house and the proceeds less commission credited to the mill.
Later on the factors developed extensive selling organizations through- out the country by means of which they were able to market the products of a good many mills.
What to read after Cotton And Cotton Manufacture?
You can find similar books in the "Read Also" column, or choose other free books by James Paul Warburg to read onlineMoreLess
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