Economic Journal article by Elijah Helm on the 1892-93 wages dispute in the Lancashire cotton-spinning industry, a 20-week stoppage from November 1892 to March 1893 that idled about 50,000 operatives and 16,000,000 spindles. It covers the employers' proposed 5 per cent wage cut, the operatives' preference for short time, the effect on the Manchester yarn and cloth markets, and the final settlement of about 3 per cent. Helm also discusses the strike versus lock-out terminology, the case for a sliding scale of wages, and the refusal of the Manchester Joint Board of Conciliation's offer of mediation.