The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1877-06-12
AMERICAN SILKS.
PnooHEss or THE NEUTRALITY-SUSPICIOUS.
FsAUDs-BnILLrANT FUTURE PROSPECTS OF

S1oohEss or THE INDUSTRY
F1AUDs-BnILLrAsr FUTURE PROSPECTS or
TIE SILK MANUFACTURE IN AMERICA.
The SILK Association OF has Issued It's nfth
annual report Al the last annual meeting which was
hold on May 0. Mr. Frank w. Cheney. oil the nrm Of
Cheney Brothers, reelected president. and Messr
Thomas N. Dale. Of Paterson, A. b. Strange and
william Ryle OF New York, vice presidents Tho
directors include most OF the prom nent silk mer-
chants OF the United states. Among the matters OF
general public interest contained the report Is The
account OF the display Of American silks At the Gen.
tennial Exhibition THIS exh bit was displayed in the
east end OF the Main Building, on the central aisle,
and comprised silk goods o. every variety, color and
STYLE In Machinery Hall tho process OF silk nanuac-
turs was illustrated on large scale, Including tho
different processes OF reeng. spinning, spooins ana
weaving Another display was made IN the woman's
Pavilion Of SILK weaving including jacquard work
large number Of awards to American SILK exhibitors
we're made
Messra A. I. Stewart h Co.. who have long been
am0Og tho largest purchasers OF foreign silks, have
established SIX factory IN ms CITY. running large
number OF producing upward OF 2.jO0 yards
per week also that Messrs Bclding Brothers a. Co.
have begun pix manufacture In Montreal Individual
silk weaver3 having each ono or two looms In their
houses, have Established themselves IN Paterson and
vicinity, and instances OF the kind are reported from
Hoboken.
FLUCTUATIONS SILK VALUES
The past year has witnessed many fluctuations In the
values silks Win the panic oil 1873 the TALL oil val
prcciptated ami "a the beginning OF 1875 raw
silks were selling ut lower figures than Tor eighteen
years before Early last summer prices began TO rise
Tho foreign silk crop was greatly diminished by wet
aud emily weather. the Italian crop hty per cent, the
French crop ninety per cent and the Asatic crop ten
10 fifteen per cent great rise took place In July
From the ond of March 10 the end OF September tho
average advance In prices OF all sorts was over one
hundred per cent. In October there was TALL OF
about per cent Strikes In tho Paterson mills OF
Solcliac Sons and Dexter, Lambert Il Co were then
the other difficulties All these troubles are
uSDxRvALuATIoN FRAUDS.
The government has been deprived OF large
amount OF revenue by The undervauaton OF invoices
Previous to 1875 this Practice was rather the ruc than
average oil not iess than twenty-five per cent The
estimate Tor the loss last year may be placed NJ over
81 uO0, 600 The association prepared memorial TO
tho secretary oil the Treasury setting forth in detail
the methods by which silk goods are imported on IN
ing briefly OF the losses and damage occasioned
thereby the government and honest merchants and
suggesting number OF remedial measures Tor Afford
Ing means for c,rcumscribng this class OF frauds
VALUE OF MANUFACTURED SILKS IN 1876
The total quantity OF SILK goods produced IN the
United States during the year 1875 IS stated oy the
report 10 be 2S4 $50 pounds valued ut So 593 lO3
These include all KINDS and varieties Of silk nuac
tLrc, whether IN dresses, ribbons, undergarments
ncckties and scaris sewing and embroidery silks,
handkerchefs or trimmings. Tue Industry Is rapidly
.nxs an article Tor export. Indeed, this view WIS
Already taken by Dir. j. Walter H. ThorD in a letter
addressed 10 the Macccsneld (England) Courier, dated
Uc.ooer 4, 1875, III which he says
sisa silk manufacturers havc acted wisely In alb
from exhibiting their goods ut the Centennial Ex
Ia nn ut Philadelphia they would only have exposed
n.cority in quality and price. lnsead Of wishing
iuner English silk gooos, Amc
Protected hy her sixty cent duty the import
nj nuractured silk, is almost entirely supplying
her with home goods, and her
panuiacturers having proved that they can pro-
nes The article and quality required by their
kets. arc now lending all their efforts TO the
auction OF Now that the period OF inflated prices and
cxtravagant is passing away (Which
hitherto been the great difficulty with manufacture and
their scale OF Is rapidly falling the European
level shall find that the ample LABOR saving appliances
greater intel of the people will bring
face face with competition such have yet
dreamed Of and venture that before England.
mother of free trade is will find herself cpmpelcd
impose duty the Importation OF Anne silks Ia
to protect her from being beaten in their
marketR