The New York herald., 1876-09-27


Nor think that any weight 'houid.bs attached to
the argument that the improvement merely spas
seeing tsa, contracts or three mouths ahead may
be entered into and amply remunerativo business
for that eash OF time thereby insured We remain very
rHk OPERATIVES IN YOUR EMPLOY.
n B-A delegation viii wait upon you next Tuesday Tor
FAIL kivSx Mnss. Sept >, 1870.
A HERALD correspondent has made q tour among the
mill operatives well. In order To get their
views upon the subject tho Of the advance In
the print goods market and the reasons Of The cut
down.
Tho nrst gentleman called upon was Mr. W. q. Jsn-
nings the most successful mill agent in the place and
u gentleman who has the control Of the merchants
mil the largest single mill in the city and who Is In
tcrested IN several OF tho other mills He was very
willing 10 communicate his views and glad that tho
HKRALD had taken the trouble to investigate the mat
tor Alter referring TO tho ioy OF the strike Of last
fall he said:-''We should have made tho reduction
four ave months before did, there was
just much reason to do then there was IN
August. Tho delayed the reduction was
that we're hoping that something would up to
prevent IL AT FIRST large majority OF the manulac-
tures were IN favor OF running on short time rather
than 90 through the trying ordeal OF making reduc
ton The running short time agitated AZ carly
as June. but we did not succeed until July, aud then
only Two weeks in that month, VIZ The first and
third weeks Knowing that wo could not possibly run
short time u reduction of ton per cent deter
mined upon and 1t went into effect August !, with no
quail Incatons as to when we would give Il back TO
thenh Monday, August IL print goods advanced from
three and three-quarter GEMS 10 tour cents per
yard On the 70 OF August they rapidly advanced TO
four and halt Three days iom that date the help
began TO get uneasy, and committee In my mill waited
upon me- aud waned ut once AN increase in their pay
l respectfully informed them that vi the nls
had made any money during The past year and hall,
and that mono had eurned dividend within the past
AK months / then contrasted their patience with
ours; they mad waited three days aud wo had waited
SIX months told them iurthcr, that II the present
market continued until October l, Tor one should 10
willing to return The ten per cent reduction The COM
mittec's object IN waiting upon mo was 10 see
II the reduction could not be returned tho present
month, and VIC TO waive any cut-dowr at all told
them that there was no possible chance Of this,
my reasons beng that moro than onc-hal; OF
the production OF tho city was contracted
for al loss--.hrco and thrse-Auarter cents
per yard-un,il October l. Shocia the latter
be compelled 10 sivo BACK .he reduction before
greater loss than tney are now running Cotton has
advanced since August 10 make tue cost of the goods
OF last fall the operatives have behaved like men and
women, aud at tho prcsont time In perfect
with help. Since the last strike Fal River
has produced more cloth than she did that
length Of time before, and We all regret that
obliged to cut down their wages"
Another prominent manufacturer who s treasurer
OF mill aud stockhoder In several others. said
1--WE havo run year
FOR Tux BENEFIT OUR nxLP
Tho cutdown should, by rights, have gone into ef-
feet las. spring, and fully agreo in all that Mr. Jen
nngs has told you IN regard 70 this matter There Is
money Tor other reason than TO keep their help
together until such times the market would warrant
have no doubt that the manufacturers would
have given back the amount OF the reduction
wi'hoa. the asking Of, OF the help help At such 'ims
cotton and the raw material would warrant
1t. Such the feeling OF tho different null owners
in the city. few years ago we gave them back
u reduction OF ten per cent without giving them
the opportunity to ASK for It, do think tho prics
of print goods will where It to-day and
half cents per yard. Many Of tho mills New Eng
land have been running owing to tho drought and
other causes, and their recent starting up will have
IN thot as,fu
large amount Of goods upon the market Many of
our mill owners have their all invested In the mills,
and, you we'll aware have not been ablo to
celve sufficient money fr.m their investment pay
interest tho capital invested"
Mr. Charles =. Stickney. who has recently becn IN
tho Legislature, anu who IL ono OF the moneyed men OF
FAN River, said:-"My impression is that the price OF
goods will remain firm. Printers, however, IN New
York say they canuot pay four aud halt cents per
yard ana make any proht at selling them again Tor
cents per yard He thought unfortunate that
some OF the mills had peen caught with heavy con-
tracts, Which would take them to November 10 COM
petc. 1t was his impression that there but few
spotted goods in the market. He had no fears OF u
strike, in avoY giving the operators thor
Just possible. He thought better feel
ing existed among the employers aud employed The
expectations O goods had tended 10 relieve the
market but now no goods wero sent abroad
CONDITION OF THE CLOTH MAxKEr.
Your correspondent then called upon prominent
business gentleman order to get the cause OF the
cent furry IN the print cloth market He said sub
s CENTS nor ward Tor thirty dnvs On the We sod
Tor 3sl cash, both spots and contracts, 10 No
vember August II sold Tor 1916 cents cash; l4lh
there lul in the market sales On the 10th
sold Tor 3 cents thirty days; lSh cents cash. ut
which price they were held until the 3d. when
sold ior a. cents cash. On the following uay
tho price went up AZ cents cash ON tho 25th
received n cents per yard which was the highest.
There were NOT many large sales, many of the manu-
facturers being very sensitive, they wanting an ad-
from what they had been getting TOR tho past
few months and soon as they found thcy could not
get it they ucted e the savings bank dcposors dur
n wanted their II bank had
collapsed and were willing to let It remain the bank
safe and in no danger OF beng Obliged to suspend
business. The printers say they will again offer
AZ cents until they are compelled to, or, In
other words they will wait to ''sce how the cat jumps"
sales In the shape OF ''appng" over. II depends
very much upon tho sale OF PRINTS II the present
prices can be maintained During last years strike
received 53s cents per yard, but before was
It tell OIL TO 5s In August last ue75) spots and
tracts were sold for 6, and early IN September they
dropped of to cents We received "a cents IN the
early part OF October and but ccnts per yard before
the end Of TIE month. In November we got Al aud
A.. cents per yard In February OF the present year
the goods for the lrst time ie to cents per yard,
and tho market held here for some tme March .
there was break from to AZ cents and in May they
yard" The gentleman kindly furnished the following
CAUSE OF rHE LATE ADVANCES.
"For past retail dealers before buying any
moro replenish with. as has been their custom IN
years past have beon dsposing OF their old stock and
were quietly lying their oars, waiting future dcvel-
opments before running any more risks. Being in this
condition, being obliged TO buy their fall stock they
naturally created q sudden demand. The manuinc-
turers, by tho way, well the jobDers were
not overburdened with goods ut the tine and hence
arose Tor tho recent activity. AT "a cents
yard last week the sales brisk but only 200
pieces changed hands Again, doring tho year 200 900
pieces sent England and other European
markets, aud o! course relieved the local market
siderab!y. The stoppage Of the spracuo mills IN
Rhode Island and Counecticut tended 10 curtail
the volume Of production, and the burning OF the Linen
Mills which makes cotton goods and not linen, as its
implies also tended to lessen the production by
nearly 1000 piccos per week. Despite these numer
causcs-whch ono would suppose would lessen tho
production-goods have accumulated TO the amount VI
l5O0 700 pieces which are 10 tho hands OF the pro-
ducer the speculator and tho printer This, caim Is
tho result of ovcrproduction, but. as havc al
ready stated disncnaton the part OF tho prlntcs
stock up has been their custom years past, in
anticipation OF lively is and winter trade In view
the constant decline IN the price OF goods
reluctantly obliged 10 mako another reduction OF ten
per The present condition OF the market Is
that Ia order to mako sales fourand a. half cents
nor xari ahlIxcI thiriz aud