The Cincinnati daily star. [volume] ([Cincinnati, Ohio]) 1875-1880, 1879-11-04

ter rates from Southern points to the East
ern ports than could be secured through
this city. and though they have sought TO
transact the business by shipments direct
from the more favored points. 1t has still,
80 far, been DUNG business at arm s-length.
Such considerations as these render the ap-
preach Of the completion OF tho Cincinnati
Southern Railway, which is to pierce the
heart of the cotton district subject of the
largest congratulation to all here concerned
in the trade nf this great staple
With trunk line directly to the cotton
belt, where connections will be made Win
a system of railways reaching throughout
the Gulf States, with a road controlled alike
in the interests of the city and OF the peo.
pie I the Cotton States, with the amplest
protection against discrimination, and the
largest facilities for transportation, with
the natural relation which this great cen-
tial city Of the country sustains to the peo'
ple and business of the South, that the
completion of this national highway oi
Commerce must be Of the largest impor'
tance to the cotton interests OF this city,
the most inattentive observer must admit.
1t is a subject OF regret that, with the pros
poets Of the largest crop on record, and
with the renewed activity and life which
has been awakened in cotton manufactures,
the road will not be ready for the move
ment of the whole of the coming crop. A
part of the year. however, must feel Its
beneficial influences and the years which
follow will all bear testimony to the value
of this great agent in the solution of al
least one of the most difficult of Cincin.
nati's business problems
Though the fall of 1878 and much of the
succeeding winter were very dull in c"tton
warns, cordage, etc., there was decided
improvement in the latter part of the first
half of the calendar year of 1879. The de-
mand for this class of goods was then brisk,
and, with a fair manufacturers profit, this
part of the year was satisfactory, Yarns,
warps twines aud cordage following t.
some extent. the price of t raw material,
advanced 2@3 cents per pound.
After the 1st of July, the demand was
not go active, and at the close of August,
prices were scarcely sustained. Cotton
yarn, which had been quntable at 20 cents
per pound at the commencement IT the
commercial year, declined to iS. early in
October. In February another cent was
taken off, Early in April an advance of
cents per pound was established, and III
May q further advance carried it to q
cents. In August the quotation was q
cents. The average for the Near was 19cents
compared with 1873 in 1877-78 20 in 1867
| 22.6 in 1876, 2h6 in 1674-75, 29.6 in 1917
"A. and 35 in 1872-73.
The ayeraae for the past year was the
lowest in many Years. 1t is WORTHY, too, ol
remark that the average quotation shows q
decline in seven years of 45 per cent. The
production here was in excess of the pre-
ceding year. In batting the market has
been depressed and unsatisfactory, with q
production greatly reduced from the prev
ious year. on account Of severe competi
ton from the East. the market having beer
flooded most of the time with Eastern bat
ting. There, however has been an increased
demand for wadding and the production
has been fully equal to the capacity of tn,
mills. Prices have been low and profit.
slender.