From The Archives, October 30, 1926: Depression in cotton industry - The HinduPublished - October 30, 2026 04:45 am ISTBombay, Oct. 29: Representatives of the Ahmedabad Millowners’ Association were examined by the Tariff Board (Cotton Textile).Replying to the Chairman, they stated that during the last two or three weeks the condition of the textile industry had changed for the worse. Owing to the heavy drop in cotton prices, cloth merchants had lost their confidence. The purchasing power of the agriculturists was also going down and the phenomenal fall in American cotton prices had accentuated depression in the cotton industry, but did not affect textile industries of America and Japan to any extent. On the other hand, they were making profits. The drop in cotton prices during the last two or three years had been gradual, and it was admitted that the bumper cotton crop of America accentuated the depression.Published - October 30, 2026 04:45 am ISTSign in to unlock member-only benefits!Access 10 free stories every monthSave stories to read laterAccess to comment on every storySign-up/manage your newsletter subscriptions with a single clickGet notified by email for early access to discounts & offers on our products${ ind + 1 } ${ device }Last active - ${ la }