The Waco daily examiner. [volume] (Waco, Tex.) 187?-1888, 1881-11-30


Business Yesterday was fairly active
and welded results as satisfactory as
the season so far has been showing
Stocks are all full and the markets
while at times absolutely dull, give us
the somewhat anomalous condition of
great business.
ALMOND-EYED SHOEMAKERS.
We learn from a coutempory that the
shoe trade IN San Francisco promises
10 be speedily surrendered into the
f. hands Of the Chinese. The Chronicle.
IN recent issue, quotes the statements
. of /. g. Gallagher at meeting of the
mechanics league, and he is reported
as say ing that pro ninent Chinese firms
| engaged IN the Manufacture Of shoes
/ have recently been making costly i'm
/ prov"mcuts in their factories. Hop
/ hce ~ Co. are said 10 have rs complete
machinery az any in the United States
/ This firm, with Hop Wo Il Co and Hue
/ kaI, of No. l23 Clay street, are bidding
/ high for the best white labor now en-
/ ployed in the shoe factories run 10y
/ white manufacturers. A prominent
/ member Of the Crispin fraternity says
I taat $4,000 d year WAS offered one ex-
/ F.~icuced man tu superlntend, and that
u. ~ who received $50 a week at large,
establishments owned bv white men
are NOW getting so for the work III the
Cmuese factories For four months
these Chinese capitalists have been
bidding for skilled white labor
and already q large proportion of
tine operatives are IN their shops, going
there the more willingly that they have
their first, and as they believe, their
only opportunity to strike back at the
employers who first introduced tie
dca-ly competition OF the alien. They
sIgu contracts for year and, believing
at the expiration of that time even the
Chinese viii have no use for them, de
maud high wages, which are willingly |
given them, and are preparing ut the
end OF that time to desert the trade |
from which they now gain u livelihood |
The men claim they are justified in
this, since their case is now hopeless,
and because, when times were slack,
their white employers ruthlessly
weed,d them out for the cheaper Chi
ncsy. The purpose Of the willy heather
is obviously to enter into direct COM
petition with the white manufacturers
for d trade III fine shoes, which they
have not done until now, and thus to
the entire business of shoe
which they have almost ac-
rumplIshcd.
TIE PEANUT CROP AND MARKET
\ New York paper estimates the
Virginia peanut crop last year mt abo1t
,6DD,u0 bushels, worth at wholesale
price. 81 cents a bushel, 100000 for
the crop. Retailers pay from 30 cents
-0 81 % bushel, getting 40 quarts to the
1ushcL They sell % quarts to the .
'ushel and get 10 cents quart $3.50 I
Peanuts yield al average of so bushels
% the acre in new ground, and from ,
40 to 80 bushels in old ground. The ;
l7e of phosphates and other prepare
ions, however, Is rapidly doing away ]
With tins difference. SO that an average {
IF 30 bushels may be safely struck. ,
cost, SO an acre TO cultivate 4
hem. Again the profit is manifest /
Many men have gone down there S
md bought their farms on credit $
nd have paid for them out OF their ]
ir-t crop of peanuts. The market ,
'ppHri this season at 438 cents a {
'oual, ana has advanced to ~, with a :
respect Of further rise of from one 5
% one and a half cent. But there is no
LANCER Of the market playing out. Be
ore the war there were no such pro- :
met rs peanuts in Virginia, and the :
uprlly- were largely drawn from
,ir!ra but tariff Of - cents a bushel
made tie planters look nearer to home
ur market. As it is, the peanut 7
.cudcrs are now reopeuing their cor ,
dependence with th.ir friends at
Natal 10 see what could be done in case
he crop turns out to b. an entire fail
Ire. They look forwaid to half crop
Iere.