When afterwards released, it lay for many months unsold, in consequence of the spinners doubting whether it could be profitably worked up.
The latter association was established at the end of 1894, with a membership of 265, in the interests of those spinners who desired importations direct to Manchester.
The importance of the original spinners' representation on the association is shown by the fact that they worked over 14,000,000 spindles: in December 1905 the spindles represented by members had risen to nearly 20,000,000.
Cotton dealers up to this time had regularly financed the spinners, who were frequently men of little capital, by allowing long credit, and had even employed them to spin on commission.
As men of substance increased among the ranks of the spinners, the Manchester cotton dealers found it impossible to retard a movement set on foot by the prospects of such appreciable advantages.