The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1884-05-06
sr0ogg,
9'Sis YsaY. I Last. Yssr

An eff II making % secure an agrSsnsnt
of agents representing three.fourths OF the cos'
tou-splnd es OF New England TO curtati produc-
ton by stopping their mills one day IN ,he
week during two months. No report mas ye'
beon made o the result OF this elot', but ludg,,
Ing from VIVA: can Do lsotnnu .tIon no Of tsecnt
ton weaving industry and the ry-eoods u tue
OF the country Is well worthy OF close ttuuy ~
this present ime Us pecniahsy y ~ nu n,tshaS
product In the face OF g iirn and high market
Tor the raw material In this respect tha situa.
tlou Is not unlike thai IN te snoe rade, Tua, a
shoes, though nominally somewhat higher tham
they were yea ago. arc very weak ~ tnn snai
advance. In looking 10 the future or either OF
these trades, however, very i'm, ortsn' iact
must be bors In mind. namely, that there is
fair profit In making goods at present prices
where factories arc we'll situstod aud well
MANAGED, at the old prices OF cotton and leath
er; ard that a large proportion OF the shrewder
manufacturers have provided Themselves with
prices. Aside therefore from the ordinary
dificultes In the Gay OF securing agreement TO
q curtsilmeut of production the Committed OF
the Arkwrisht Club VIII encounter the ohjec-
lions OF certain manufacturers " no arc making
money ~ runilg full time. ana who VIII not 20
disposed 10 yield any OF tao adyantsre when
they rossess over compoti ors who were rot so
iar-slghtea--,r so lucky-as they were. More
over, while there are no tustwOfthy STATISTICS
q prove the exact fact rs to the surplus stoc. OF
domestic coiions on hand theTe IL reason to be-
lieyc that the surplus l. not 30 largo as reported.
II seems TO be very excessive becauso ceftsin
manufacturers are, without Doubt carrying mn
usually lafgc stock; but 1T is known Tor q Tao
that oihcr stocks arc not lnrgt--in som. cases
they arc unusually small. With regard 10 pro-
duc.ive capsciiy Il ia not believed that there Is
any great excess OF spindes IN Inc country
The population has increased or 10 per cent
ct least since 1850 and the spindles which were
none too many then. have not increased IN
very much grea ter proportion. or course Il II
to be said that those were good times, while
these are bad times" but tho answer Is that
cotton fabrics are SO far . necessity whether
men srs prosperous In buainess or not, that the
rate Of consumption seldom varies per cent.
between the best and dullest seasons. These
are reasons for believing that there win be no
general stoppsge OF mile, even for one day In
the week OF six days but these general con.
sidsrstions are NOT al tho circumstances that
will determine tho action OF agents aud treasu.-
ers. without attending /, predict what the
course of manufactures will be. we Will point
out some thingE tn AZ must be taken Into account.
There IL little expectation anywhere that the
price Of cotton VIII a II much. II at all before
the new crop becomes avaiiab certainly not
until large crop Is reasonably sure.
Inasmu.h ~ t1erc' Il no profit
Whatever in mskinx goods A.
prcst nj wages aud pri ,es a. IL for the frterest
Of manufacturers do that they ran 10 bring
about an sdvxprr IA goodt or reduction OF
WAGES. or both. F1r either of these ooJects.
shut'inx down p.rt OF the mills for Que short
a ~ IL the week " III be atosclh " fnensciusl
suspension ri operauoos for one-fourtn or
uns- ts1d VI n. l..-A ~ u csu.d b. ~ 40