New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1876-02-04
American Cotton Goods Abroad.
A Fall River, Massachusetts,. correspond


ent Of the New York Tribune says:
The gratifying intelligence brought by
Mr.. Hatha way. treasurer OF the Border
City Mills of this city, from England, in
reference to the trade in the class OF cotton
goods manufactured in this great hive of
industry. has made about as much OF q bus
tie among the mills as bit of good weather
IN summer would among the stOrmbOnnd
shipping of crowded port on the New
England coast. Some sales were made in
England, and arrangement were perfected
by which goods are to be regularly shipped,
and these are going forward in such guam.
ltfties that the home market will be materi-
AZ relieved in a very short time. Pur.
chasers of Fall River goods. it is conf
IDENTITY anticipated, will soon be driven to
cast about them to see where they shall get
their own supply. There are not now over
two weeks proportion OF spot goods in this
market. To show the practical faith felt
here in the speedy lettering OF prices, it
NAV be mentioned that half the stock of
goods in Fall River is held by one person
on speculation. He regards cloth goods at
present prices as good an investment as
government bonds
The excitement created in England by
the peaceful visit of the treasurer of the
Border City Mills Gan hardly be understood
by Americans, unle So they recall their own
letting loose of an lnundatlOn OF Chinese
cheap labor upon this country, and unless,
too, they think of how much British manu-
facturers have already been crowded by the
advent of the pushing American in their
markets. 1t seems, though, that all the ex-
element created was unwarranted AS
soon as they b. gan to talk here about the
foreign market, and before it was decided
to send Mr.. Hathaway abroad, the cloth
Z, -o1, hor hat
letters to England. They enlarged upon
the extent of American production, and
named the low prices at which goods could
be sold, with view of obtaining orders
Besides this, number of dispatches were
sent to England on the general subject, all
Of which intelligence was published IN the
Manchester papers. This caused need
Less cOmmOtion, and was made the subject
of communication to their Chamber of
Commerce by Lord Derby. Mr.. Hathaway
therefore found some embarrassment on
his arrival in presenting the precise posi-
ton 81 3t.irs When, however, the Ing
,isb merchants Learned TIA ths quauti of
4 American afy!e Of goods that car be
Dpcd shroad % s.I!y event IS rot en- Ugh
IL pe felt in their markets, they entered
cordially into the operation. They examined
= good, gave them q favorable cOlpp sri-
s - m!th their OWE and encouraged
Shipments
The mate,Iat tact discovered in me g" Tse
oe the mission to lag land is, thai American
spot goods viii bring better prices in that
country than they will at home. That ls
enough for the present exigency, sinGe Fall
River manufacturers may now keen heir
machinery and their 1900 operatives at
work without producing an accalu's ion
Of goods. Another interesting tact low
ever, has been ascertained, namely. hat
the manufacture of cotton goods in Eng and
is not now considered equal to the demands
CO the market which England eupplies
New mills are accordingly in process of
construction to meet the demand, and sew
eral large builders Of cotton machinery
have orders on hand which will keep their
full force employed for more than six
months. The advantages of this condition |
OF things to American manufacturers is ap-
parent, ready market for our surplus |
manufactures is assured as long as the cost |
or Production remains any where as near as
low as y is at present.
1t Will be remembered that Mr. Hatha-
way went abroad exclusively in the interest |
o. PRINT cloth mills. His operations are,
;. he1fdOre, OF immediate pecuniary impor-
lance only to manufacturers of that class of |
goods; but the notice which has been taken |
q it has created an agitation which will |
inure to the benefit of manufacturers of |
other styles of cOttOns. and they will be in. |
duced to seek markets for their surplus pro
d-icton which have heretofore been occu-
pied by Europeans. 1t ought to be said,
perhaps, at this point. that, though it is
Hoped to export large quantities Of cotton
goods this spring, it is not expected that the
movement will be a permanent one. The
relief sought is only temporary. Improve
Inent of home prices and the restoration of
home trade are the only objects aimed at.
1T is not believed that there are too many
cotton mills in this country When it's GEN
eral business is not under a severe depres-
sion the supply of cotton goods does not ex.
coed the demand, so that an expectation of
cottons is only looked upon as the tempo
rary application of an exceptional remedy
during temporary and exceptional de-
preston Of business.