The sun. [volume] (New York [N.Y.]) 1833-1916, 1878-11-29

marked amid great applause, that we the dawn
ofan era Of prosperity such as the world never saw"
An increasing demand for print cloths encouraging
the Fall River manufacturers The stock hand there
at the cese Of business Saturday night ia2OOO
| pieces Sales during the week, l53OOO, production,
| $4,000
The total cotton spindcsn the North are now estimated
at about 9aoOoOp and in the South at GOoOo total
in the country OF say 100000 OF he 6soooOcS spin.
dies employed in the manufacture Of cotton In 1879 the
United states had in round numbers 100000, and
Great Britain 100000
you cannot imagine the terror with which the ad.
vanccmcnt Of American industries Is filling British manu-
iacturers" said Prof shman In recent address I'VE,
A. you know leading prize at Paris for the best
steam engine the world and 1t not denied in Europe
to-day that America heads the list In the manufacture Of
| agricultural machinery
"Undcr circumstances common, in many respects. to
both countries bankers Of the United states seem to
rs uhc B,qte, Mgisip to have been far prudent
than the British bankers They apprehendcd earlier the
pending difficulties, confronted aud charged on losses.
and reduced dividends sooner and have thus mitgated
the force Of crisis which they could not wholly avoid
"1have a record in Birmingham Of forty years and
tell YOU soberly and sadly too" lately remarked manu-
acurcr Of that great seat If English industry that we
| are on rapid decline, that Ensands commercial
supremacy Is the that only recover our
selves by thri economy, and industry coupled with
protective tariff all imports except those which con.
| sttulc food
| Every great interest In the country complains and
the complaints OF grow louder day by day says
| the London Telegraph Journals trade circulars. pri.
vatc letters, common saton and business arrange
| ncnts supply evidence o. description. almost uni.
ormy unayorahc, AMI jafk list Of failures provides
confirmation dncrcntin kind, but even more likely to
produce conviction
our cotton crop for the year ending Aug 81, 1873
corlng 10 the figures OF the '.srti anil Financial thfon.
. amounted to ASH 265 bales against 4iS5 l23 bales
n 1877 This j. the largest since that OF is,pGo
the greatest known and Il only little behind that
OF the total supply. 33iOi G6 bales exported, while
ibid 2a- bales were taken Tor home consumption The
taxing. home largely in OF those Of
| previous years
NO doubt the hard times have diminished the profit.
Ut the Mtssachuscttsi Lowell AMI Lawrence manuac.
turers" SAYS Mr.. Thomas Connolly In the London Tiass,
| ~ they have reduced the OF the work people
still al the corporations regularly paid dividends on
capital Of from three ia six per cent annum butn
those well A. In other places found the corporations
which have done the most promote the welfare OF their
| operatives have been the most prosperous"
"Econdny f. the order Of the day" In England. writes
London correspondent OF the Nee Tork Tina Il you
10 the great cooperative stores Of London you mud
that the provision departments the chief quarters Of
business Amous the upper mid die classes cNravagant
dinner parties are dropping ou' of fashion Men who
few years ago would have been the railway
~ anythng buta hrstclass carriage. ride
ond men who used To ride second now ride third We
| are all cconomizng"
when recently remark. attributed to Mr. Hayes ap
pcarcd n the Journals writes President Barnard. Just
back Europe 20 the effect that American watches
are unIcr-cllng the swiss the foot the Alps the
.tatcm'nt was contrad cted with some warmth Of
feeling and 10 was asserted. the contrary, that the
watch industry Of SNizcrlani AMI France vas never
more aourshns than It present ani that the outturn
watches n the two countries during the last year had
been greater than ever before -
THE depression" says the report Of the Birmingham
chamber OF Commerce. dated lat February is great
almost universal aud probably few years during this
generation have opened with more gloomy prospects
Moreover tits to be feared That we have not yet reached
he point To the United States formerly most
valuable customer the exports constantly diminish
NIX and to such serious extent that Anew years IN
less change takes place the Amcr, trade this dis
| trct will bc alto. cthcr exunguishcd"
Tho imports Of dry goods and general merchandise at
the port OF New York last week amounted TO 2si
against s7is5sj the spending week year The
total OF these imports the beginning OF the year
hcen s2aea7o $40 AGAINST s2s6 U2s2o5 Tor the same
period oi 1871 our exports OF domestic produce the
| week ending last saturday 81 i9i. $50. against
s0503nJ week IN 1871 The total these export
from New York Jan has boon s3l7 l-2 $50. fol
ihc time last wear t s256 ao 77s our export
domestic produce exceed imports far in 1878 b.,
st74l2.0po
Very little introduction" remarks Of our citizen
travelling abroad iu letter 10 the nan Ay of. needed {,
secure for an American IRON master
anu steel works 200 England So much, am sorry 10 add
cannot as The result of my experience say IN re-
-pcct OF an Industries which work up iron AMI steel
Herein Our competition has been mosct Let the Amer
can seek Tor admission At certain OF the establishments
n sheffield in Manchester, in Birmingham. orin wover
hampton, and my own experience Will be his II Il
significant that among the works recently closed &,
strangers are Those OF manufacturers certain u WHOM
are known By their ncishbors 20 have lately made visit
20 the United states"
At meeting of the New York Produce Exchange las
week Mr. Franklin Edison the President IN referring Il
the growth Of that Exchange called attention to IN,
act- that whereas the value OF the annual
ports Of all kinds from this port the I'VE years pre-
Vious 10 1851 had been little more than sio2 0n
ihc amount roso in 1872 20 $40 ti3o and for tile
nsca year to 1851 stapl at the greatly reduce,
Valuation Of all articles OF domestic produce In 1851 tn
average cost OF transporting wheat from Chicago 10 New
York h1 lake and canal was 26ls cents bushe in 1877
was 24is cents and during the season Of 1877 It wa
only ia cents bushc AMI It will be reduced consider
ably below that point the current year.
Previous the civil war writes Mr. Thomas Conol
~ from Boston 20 the London inns, large majority
the operatives in the factories Lowell and Lawrcnc,
we're nauveborn Americans chiefly from the VILLAGE
ami farms OF New En-lAud, but now nearly sixty pc
cent OF them are foreigners" The Boston Air,tier
however, denies his implication thatit is harder for
actorl operative TO live In comfort than before TN
war FACTORY operatives who have regular work an,
i've prudrnty better situated than they were eighee
years ago They have become accustomed to more o
the convcncuces ana luxuries of life. ami they hAv
them. Their condition Is steadily improving and thci
% steadily
operatives, mud others who depend unon daily wages IL
our savings banks taken together constitute tic larscs
single moncyed mtcrestin New England
The Man OF Many Names.
TO THE EDITOR OF THE SUN-Sr; We uoii'
hata letter has heenpun,hci In Your paper from Ne
windsor MD stsuns that Charles r. Smith. whose bod
was purportcd 10 have been forwarded o Washing ton
Pa for cremation. is of J. smith. dealer in pho.
Ihatcs ~ Now Mlnd.nr- NArrD CnmntN Nh NJ lllnh /