, 1876-08-14
FAILURE Or TIKI slLK " tRor.h
y. s-Jr1T tt,s.txrtnnt t<hrA S,f TIA T'FfAHNA

rAlLUnE op TIKI sllK =" tRor."
sptrial Correspondence II The Tribune.
EEw YonK, Aug. l4.--rhp indies who have been
70 catrayngnnly dressing during tho short interval
Of cheap SILKS, will lM,W revert 10 lcsa costly
fabries Owing tn III epidemic among tho aalk.
WORMS upl an nnhealthful condition Of tho null
berry trees the sllk cup in 1npnn, Italy, aud tic
suuth Of Frnacc is nlmost complete fallnre-
When this dssnrcniug bit Of Information nras
ep1c4t through tic market, piany were Ill
clned to d's,el!cyc It. They eald. "Pshnwl
j&'s lust Ike cotton. We hear Ut q fail
ure almuet every ycas, yet In thu sud we handle
Just ~ many balea" but nen who arc we'll paBtesl
have for Bomc tlulc bcen tnklnX advantage VI the
low prices nnd buying heavily III Englnna rrcpaEs.
tory to the thock .....
Stewart predicted tho failure. One Of the last
ncts Of his life whs 10 put million dollars in..1aw
silk. Within the past few days A. +. StownFt Co.
have rea1lxvd 10o per cent urt pro1t on thu put.
thaae.
Air. William Ryle tho heaviest importer In this
country, y,-not excepting ~ a. Low, ,-has guno to
England aud sent orders to his housa hpte
to buy And ship to him all tho available
raw silk tn tbs un!tsd States, hccAnse the acn,and
Is better there ulah elsewhere. Other importers
arr forming combinations to operate In tho Hart,u
way In England And Funcc. These tEanancuonB
not only cut of tic sznpoEtauoGs 10 th1s country,
but every twist Of raw silk VIC have bero will 60 10
End higher market abroad. :
At a melting Of the Silk Association of America,
held IN thtA city tho 9th illst.. Mr.. H. Richard
eon, awcii.inror.ned buyer, was asked, What l,as
been The advance su fur IN Jnpanf liz
answered TINT shcrn silk wins selling for
500 teals per ponnd the present price
IL $40 traly OF about 80 to 60 per cent actsal ad
vance.
At The same mecttug Il vas statcli tint inanufac.
tntefs must at once advance the price oi the
ufacturet ARTICLES Thp sewing. silk men RHy 1t IN
a., Ali, ,,-<t1
Hsurcs. The nlcrchnnts favor higher prIccs. They
think that dress goes especially huyo been selling
tnu h,w. A two-thrds Advauco may 10 cxructul
ul,n al goods among thu retailers.
This receipts VI raw SILT III this market from
June ~ to July - tt1 talcs, nganst !, 15d
bAles Tor The EnMc peylod last ycar. Thcrc ls o
constant aud &ecltled dccrcnsc In The receipts.
Thc most srrouA eHrct Ut thu failure Of this crop
tA thc mnterlal damage 1t docs " tho uanufuctrc
Of ti!ks In this country. The 1lewest, n,tnt pro-
Grcseye, aud one of tho most prolAhle !ntlustrcn
of tic country will hs crippled by IL This mills
nsc all running nj full ealntc.ty yct but n.ai'y III
them will rlAck up koou. Srw LII the industry H.
uneJncaied as our people have bren ln tbs manu-
fnEflru at the aneE md more cusuy fnbrcs,
American silks Aase Already gainrl un excellent
reputation all over the world, lsy many thuy nrc
considered e1lnl, and In rome respects superior,
to tho imported goods, and tey are largely wor,,
ut home md ahrUal. III The New York, Nsslon,
mud Philadelphia nsarkcts they arc sold AZ imports
nnd tho bcst Judges fall To trlect tho difference.
Last year our total hon,e production Of silks
amounted u SIT, LES OH. rhEs ycar 1t Will prob.
ably not ruach more than alf that sn,uunt.r To do
The work. Gl:' nAnufacturers Wcrs uWploycl. With
cnntb!nrd capital Of SIT, ul3, s5H.
ncnsly check 10 great uild iinp'stant b.!nrh VI
manufacture ). ". Il.
THE DECLINE " SILVER.
III regard 10 thu ''leclnc la the rr!cc Of silver, IT
this c!scnlar of Mossrt. Watts i Co. prcsenta balnc
instructive faca. i givc. the Imports Of silver
from different copntsidH ant The c1pDrts, showing
~ that Tbs United Sta,es 4 scn1!ns ~ luore ~
EEna G,r'. ~ p sx ds satls S saa taa j.
Il, .al3 .1B iu 1876, anI T., 04u. sE.s IN 1874
showing ts) that Imports from MexIoD and Soun
America haso also declined frvm =: o.I. All i,
1s7i and II, i. ir7 In 1A75 to II. hs3 VT dur'r4
from other Countries, e;srmany c1cep4sl, aI.o .ie
ensa from ~, ~ T. iI 1.1 1s7a re, ae ~
ouns theru lAas been M ineFcass VI 47Gu ttUt
e $o7, a:sl f. ls7g snl 4ss0 vs7 q 1873, ri ].
that tic exports to India unA China larger thu
in hts Or 1s74 and that the tata exports to othe
isn1os1auce u these fncIa. IL vleW Vi s eIal,u s
In of silver hAs caused it, price tO fall will IL
seltly appFtcIstsd.-3As Public, dug. ln.
cALlrousIA GOLD BAHKs.
Tho reports Of tho ui,s National Gold mol
10, 1876, have Just bcen published Thess bank,
ats named VI fu1lows: Ftrst Nati0ul1 Gold uunk
Esn Francisco; National Goid Hank aud ,l'rus
Cumjnuy, san Francl-t:,; National Cold Hank u
=, q. Mll!AA co. hacst :..nso; Flint sntluna} uUi
lank, Stockton; Fi.t Aatonal tinld Bank, saut
uultAra; FalmGrE' Naituuai uetd Hauk, ea.4 Jvae
fir4t Natioual Gold Bank, Fctaiun.a; First Estiul,
Il Gold Bnnk, Oakland; Ihlun SsttoAal uuld Hank
oakland. This aggregate rssousces AMI ilahtle
Of the forcgniuE Oh tho date uatnsd c1niIaFe u
futluxs with lhe cores pointing rrputt ln l6ta:
Heau4rees- Ih15, lk7d.
LoAnt a1Id uftrtrafts.......4 1.1h4.uN s.. t1t, "
uni!r1 hsatca tuods. .-,....... AAhAh! l,7btA
tlIo from t1Aks...... ~. ts7.MD h7t&l
Coin III hail. .....,.......,... 3.Hn,uD 57aA
ClrrrhEJ I'll halla. .......,.... l7u,AA &kI y
oA.cf Ft4ousc1s- !, I'D, w o.A n
Totals, .............-..".. 7u 81, Il
LIuA+jI&ex-
capI!al..",.,..+.......",... As7i.wD q. A.7f0.m
onfPQe. -. Eft.HO 41l+ u
Nttes !I circnt4tlou......,... *,4&u.Au I,tA,u
naa " h2uks.. ..........,,,... 7ko.hu S7,1t
uAe 4s{u4tora.. ..,+......... a,aUI.NO !, $50. "
QtheF lk2tltllrA. ", Nv 14Au
Tot8ls. 8ls......-.,.......,.,kls8s7.1 1up fS.7la, !.