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Domestic News
October 8, 1850
Alexandria Gazette
Alexandria, Alexandria County, District Of Columbia
What is this article about?
Directors of the Mount Vernon Cotton Factory decided at a meeting last Saturday to suspend operations in about two weeks after using up current cotton stock, due to disproportionate prices between raw material and manufactured goods. The company holds a large stock of goods.
Clipping
OCR Quality
98%
Excellent
Full Text
The Directors of the Mount Vernon Cotton Factory, of this place, at a meeting held last Saturday, determined, as soon as their present stock of cotton shall have been worked up, which will be in about two weeks, to suspend for the present further operations. We hope that it will not be long before the Factory will again be at work successfully. The Company hold a large amount of manufactured goods and do not wish to manufacture more, whilst the price of the raw material is out of all proportion with the price of the manufactured article.
What sub-type of article is it?
Economic
What keywords are associated?
Cotton Factory
Operations Suspension
Price Disproportion
Raw Material
Manufactured Goods
Where did it happen?
Mount Vernon
Domestic News Details
Primary Location
Mount Vernon
Event Date
Last Saturday
Outcome
suspension of further operations in about two weeks; company holds large amount of manufactured goods.
Event Details
Directors met and determined to suspend operations after working up present cotton stock due to price disproportion between raw material and manufactured article.