New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1885-12-28
Il GREAT RISE IN RAW SILKS,
EXCITED STATE oF.rmE EUROPEAN MARKET

EXCITED STATE oF'1IE EUROPEAN hANh"i7'
Among the recent arrivals from Europe re-
turnng after nearly eight residence In France 10
settle resume practice OF law in this his native
city IS ex-Consu Pelxoto Lyons who is recognized
both abroad and at home as an authority IN SILK The
recent rise silk Europe which has not only Affected
foreign but American markets, which import from
eleven twelve millions OF dollars annually OF TINS ma
terial for homo manufacture naturally creates great
interest among American manufactures the total pro-
duction OF all kinds OF silk goods in the United states
now reaching over forty millions OF dollars annually
TRIBUNE reporter called on Mr. Peixotto at bis office 10
80 broadway and from interview gathered tho fol-
! loving facts:
Tho advance in silks began in tho hrst week In
November An Italian syndicate was formed with re-
ported capital OF twenty millions OF francs and sue
ceoded without difficulty in obtaining the control OF the
! principal markets Milsn Turin, Borgamo, Venice
messlna, Florence Verona in Italy, Lyons, Marselles
st. Etennc in France Creleld and Elbereld In Germany
| Moscow in Russis Basic and Zurich in Switzerland In
fact all the principal and secondary silk centres particle
pated In the movement. Prices OF all grades Of silk
advanced from two TO five francs the kllo and finer
puse1 and eight francs. The rise has continued
In spite the desperate resistance OF manufacturers,
particularly those OF Lyons the greatest silk emporium
OF tho world where 1t is asserted money has been
made the production Of silk fabrics for more than five
rear, This opposition however, had little ofoct though
| supported by the stubborn fact Of long
continued depression not TO say denora
! z,tion ia the business OF silk goods
Having solid and legitimate basis tho rise In prices
continue IS SIN going and IS likely to increase
rs the orders Tor the trade the year pour
Ing in pour In they likely to do, that caprcous
| goddess Fashion having length once agaia pro-
bounced in favor OF pure SILK goods, acr several years
VI oOqueing with wool cotton aud other materials rs
principal aucaries. Tho famous dress nakcrs OF Paris
have issued their docrcos and tao principal fashion
journals both in Paris and London, oonnrm tho uka3c
! ia favor OF this material.
Tho fact IS" said the 0KConsll " never in history
had silk fallen low before this present rise In
3Cs the best qualities OF Preach orglnznc silk sold for
80 % 100 francs the ko IN 1876 the minimum price
- 20 - francs 10 the mont Of tho pres
ent year prcol hal fallen to CHINA silks.
which commanded II francs in -6S. had fallen to 81
and frIncs this year italian and al other sorts had
/ un-rrd similar disastrous decline. Tho European
nj industry reduced 10 starvation prices Hun.
dr,, ihYGsludf of growers ana weavers were COM
T,llcl 20 ctk other occupations. Millions Of mulberry
| trees uprooted nni other and more prof able
agricultural pro iucis planted lAera wasa deere tn
Tho production 81 crops 30 thina ~ wei 80 Ia LGropa
sLlc such counties as Franco and spain Whose silks
wcrc esteemed tao bo-t a. O. gity' declined b'lh in
quality aut quantity. 1hs years crop France which
formerly lloi-crd upTld %. two million AIlos tc OF
- no. 1 @r c.i boz Itaf from Il To 2O r~r cont while
Can uas log ckpor or several years past scarcely
| p..fe than 10000 Gu.GuU bl.th.
ilsiur-s n siE -pols Tor seYcrd years hos hardly
paid more th'r Investments In United states bonds.
depression b. tlr sa trade except Tor certain novelties
OF rHtsemc.5 n!.ed production, hn5 universally lrc.
/
90 N.tviihs.naus all ta.s. 40 varied and diversified
have h,cu u" usc- 10 which SIX has been adapted th
r consumption AaH al, Hou- cqiacd the !IUdgt tioa
roc lew leading fabrics have from .ir % tIo Y!rlcl
handsome proni. hni I'm comparatively ina,g flea,
amount. Re iu- and throwing mills .u France. Italy
I and spain were auaudu'rd is tIc hundreds. n Z
vretc!rI RAISER az SIX fen prey tho caui,ast and
Wa either driven 20 ruin outright 10 mGrtEalcs Hal.
tc properties in France, ana psrhpps many Itay,
are uu ct mortgage to-day. Dh0 thousands closed
| aad literally ctunhllng 20 pieces.
'IH face u tLs condition OF thing viewing the actual
strc oil stock hand, tr fact OF manufacturers brlui
AL but drnudeI Of supplies, having bought only from
haad 10 mouth lnr several years past where i0rucr}
,Acy carried large quantities The powerful syndicate
above alluded % oreaulzcd lts campaign and has uutl
now successfully prosecuted It's work. consider thli
work TO be legitimate. having for rs object tho Iermu.
mont rsyva! Of the FIX Industry W, q AS for the i'm.
mediate profit Of is intelligent ana cuterprsug pro.
motors SIX hss advanced n the pact two months fgouI
ten 10 twenty cfnt taking all sorts, the AVERAGE has
been fully per IL Is destined III cher.
The demand FOR pUrO ak tissues has partially revived
II VIII positively continue Pure back silk goods will
asainDscomo p0pnar rs they wrro IA tho good oil
! iimn when mothers never considered Intensely ei
dressed without black SILK gown, the most elegant
| garment woman can WAL
(The aJore appeared IN only part az Saturdays Frs
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