Canadian Woolens

The manufacture of woolen and worsted cloths in the U. S. has been comparatively unprofitable, chiefly from this chain of causes: clothiers have believed that U. S. men and women will not buy much new clothing this year; so clothing manufacturers have been buying as few bolts of cloth as they dared, and still be able to serve their retailer customers; so woolen and worsted weavers must cut their business close to demand; that leaves much machinery idle and forbids profitable increase of prices. Particularly hard hit in this way have been the three great U. S. woolen goods fabricators--American Woolen Co., Arlington Mills, Botany Consolidated Mills. The newly formed Wool Institute has not so far been able to help.

Although the same events affect the Canadian manufacturers, five of them last week attacked the situation by merging. Canadian Woolens and its subsidiaries, Milton Spinning Mills and Otonabee Mills, with R. Forbes Co. and its subsidiaries, Orillia Worsted Co., were the parties to an agreement whereby a new company--Dominion Woolens & Worsteds Ltd.--will assume control of all. President of the Dominion Woolens & Worsteds is A. O. Dawson of Montreal, who has been Canadian Woolens' president.