The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1873-12-13

THE NEW ENGLAND textile INDUsTRIEs.-
A General Reuical of Business.-The news of
extensive industrial revival in the manufactur-
ing districts will be regarded by the public as
the day. To thousands of workingmen in all
parts of the country it carries an almost unhOp-
ed for assurance of employment during the
winter; to business men generally it affords
sure indication of returning prosperity, and to
all classes it brings the welcome promise that
the much dreaded "hard times during the win
ter will be abated of much of their severity, and
that there will be at least great deal more
employment and basiness activity than lately
seemed probable or even possible. {
Our information is very full and precise, es-
pecialy from the New England States, and re-
lates chiefly, though aOt entirely, to textile in
dustries From these reports it appears that
the cotton and wooden mills are everywhere
number which had stopped, it was feared for
the entire winter, resumed work on half or
three-quarters time on the Ist of December;
Others which have not yet resumed will do SO
on Monday next, and mills which have been
running half time. or even less, are now rum
ming three-quarters time, and some of them are
working full time The great Lowell factories
are nnw yearly all working full time. The Fall
River mills, whose entire stoppage SO lately
seen ed imminent, have considerably increased
their operations. Some of them are now wotk-
ing full time, and there is scarcely doubt that
all of them will do so on the LIST of January.
From the manufacturing centres i'm Maine
and New Hampshire the accounts are almost
invariably favorable. In Pennsylvania the
textile factories are again starting up, and
even from Paterson, N. j., we have the
good news of the resumption of some of the
silk factories at that place. This revival of in
dustrial activity is attended for the most part
by reductian of wages of from 10 to 20 per
cent. To this reduction, however, there are
some exceptions, the extensive Wamsutta and
New York mills, and some others, having in
creased their operations at former rates of wa
ges From the very full and accurate informa
ton now at our command, we feel fully war
ranted in anticipating under ordinary crcum-
stances, a complete and entire resumption of
the textile industry of the country at the COM
mencement of the new year-nOw only three
weeks hence. And considering the magnitude
of this industry and its relations and influence
upon other branches of trade and on general
business. this must be regarded as an event of
national importance.
1t has long been remarked that when the dry
goods trade is good every branch of business is
prosperous, and this holds good at the present
time more than ever. 1t is surely q hopeful
feature of the FIXTURE that this great industry
which was the last to feel the effects of the
panic, is the first to recover from it. There is
not a commercial or industrial interest in any
part of the country which will not speedily ex-
pereuce tne beneficial effects of a restoration
of the great wooden and cotton manufactures.
1t is the first and hest sign of returning pros
perity to the whole American people.-Econo-
mist and Dry Goods Reporter