Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1878-12-02
FACTS AND OPINIONS
ABOUT TRADE.

Tue total cotton SpndlrS IN TIE
North are now estimated AT about ','Nh,-
900, and in the South al bOO,WO, or II
total in the country ri say lO,5N,Oo.
OF the 6S, ,0OO, 900 spindlrs employed IN
the manufacture ol cotton IN 1876, the
United States had in round numbers
10000, 900, and Great Britain iO,W,WO.
"You cannot imagine the terror with
which the advancement al American IN
dustrics is filling British manufactures,
said Prof Silliman in recent address.
I'VE, ~ you know, took the leading
prizc at Paris ior the best steam engine
in the world, aud il is not denied III
Europe to-day that America heads the
list in the manufacture oi agricultural
machinery
"uNpER circumstances common III
many respects, 10 both countries,
the bankers ol the United States
seem to us (thc Bankers Ndga;ut,
Ia have been lar more prudent than
the British bankers. They apprchrndrd
earlier the pending difficulties, con
fronted and charged oil losses, and re
duccd dividends sooner and have thus
mitigated the force of acrisis which they
could not wholly avoid.
IuAyE Il record in Birmingham oi
iurty years, and tell you s"bcrly and
sadly, too" lately remarked II manu-
iacturer oi that great seat al English m
dus,ry, "that We are on rapid decline I;
that England's commercial supremacy
is ON the wanc; that W. can only recover
ourselves by thrift, economy and in
dustry, coupled with protective tariff ON
all imports except those which consii-
tute food
EVERY great interest in the country
complains, and the complaints "I some
| grow louder day 10y day, says the Lon
don Tcirgraph Journals, trade circu'
| lars, private letters, common c"nNrrsa-
| tiun, and business arrangements supply
evidence oi one description, almost uni
iurmly uniavorablc; and dark lis, I'll
failures provides confirmation different
in kind but even more likely I" produce
conviction.
Our cotton crop for the year ending
| August 81, 1878, according Ia the figures
ui the Commercial and Financed hroHr
rlc. amounted to Ash ,26, bales, against
4,ls5, Az bales in 1877 This is the
largest crop since that ot 1879 90. the
greatest ever known, and is only u little
behind that. Oi the total supply, $40,
l66 bales were exported, while DID, ,2OS
were taken for home consumption. tn,
takings ior home use were largely III cN'
cess oi those of previous years.
mo doubt the hard times have dimiu
ished the profits al the Massachusetts,
Lowell and Lawrence manufacturers,
saws Mr.. Thomas Connolly III the London
Times, las they have reduced the wage:
oi the work people. Still, all the cor
porations regularly paid dividends or
capital of from three Ia six per cent. pei
annum: but in those, as III other places
| found the corporations which have
done the most Ia promote the welfare
oi their operatives have been the mos
prosperous.
"ECuSoMY is the order OF the day III
England, writes q London corrcspon
dent of the New York TmcS. I'll yol
~ to the great cooperative stores "
London, YOU find tina, the provision de
partments are the chief quarters al bust
| HESS. hHipuG tiC upF' "'hh'N 'hs'~S
cxtravagant dinner parties are dropping
out oi fashion. Men who few vear
ago wonld not have been seen on th,
railway in anything but first class car
riage, now ride in a second, men VIII
used To ride second class now ride third
We are all economizing."
When recently remark, attribute,
Ia Mr. Hays, appeared in the journals,
writes President Barnard, just back iron
Europe, 'to the effect that Americai
watches are underselling the Swiss a
the foot Of the Alps, the statement Wa
contradicted with some warmth of feel
ing, and it was asserted, on the con
trary, that the watch industry OF Swi,
xerland and France Was never NOR
tiourishing than at present, and tina
the out-turn of watches in the tw
countries during the last year had beeI
greater than ever before"
Marine.