Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1894-11-15
FACTS ABOUT BUSINESS.
Industries Reviving Under the Induenc
of Tariff Reductions.

| Industries Reviving Under the influence
of Tariff Reductions.
| Two months ago tariff bill became
q law. The calamity howlers went
out to fill the air with the distress OF
manufacturing industries.
Pittsburgh reports that the iron bust
ness is reviving and that new mills are
being built A spirit of confidence pre-
walls.
New England's strong point is
| textiles. Here are few extracts
from the last issue OF the Textile
World of Boston. First is this gen.
| eral review of the situation:
LAS compared with q year ago the increase
an general trade Is quite marked, and wooden
/ and cotton makers are In q decidedly superior
| position. In some respects the situation Is
! better than It was month ago"
| In looking forward to next year,
| the organ Of the textile manufactur-
ers says:
will the foreign manufacturer supply such
| . large portion Of the demand, on account of
| the reduced tariff, as to leave the domestic
manufacturer with only a limited market? We
believe not, and as time goes on we notice that
there Is not as much fear as there was regard
| ing foreign competition"
In reviewing the mills which make
knit goods. the editor says:
1T Is conspicuous fact that the best
equipped mills have the most cheerful things
to say Of business as 1t is. and the blue re-
ports come from the smaller and not up-to-
date plants"
Among the new wooden mills noted
in the columns of the Textile World
are one at Northbridge, Mass, one at
Alpena, Mich. one at Philadelphia,
and one at Scranton. This shows a
wide distribution of manufacturing
revival. New knitting mills are pro-
jected at New Haven, Athens, GA. /;
Canton. n. Y. and Reading, Pa. En-
largements are noted at Carroll, la. !;
Ypsilanti. Mich; Troy, N. Y, and
Wakefield, r. I.
In its news from the milling points
the trade organ reports fifty-two cases
of new mills, engagements and re-
openings and nine cases of shut-downs
from all causes
The report from worsteds says that
''the new fast-running loom is the real
factor in this problem. We have seen
the superintendent Of one of the mills
running these swift looms and he an
swers US that he could make the goods
for ten per cent. less if necessary"
In the cotton department thirty-two
new mills and engagements are re-
ported and no shut-downs. The new
mills are scattered from Texas tc
Massachusetts,.
It is not well to predict that Filley.
Mckinley and Reed will consent to
anything reasonable, but we suppose
that the most abandoned liar among
the howlers who are desperately striv-
ing to stop the business of the country
until after another presidential cleo
ton will not assert that the Textile
World is edited by a British hireling,
a doctrinaire college professor or
southern mossback. 1t is highly re-
garded by manufacturers and dealers
and must be reliable in its news re-
ports, If not in its opinions. The re-
ports all show confidence and activity
in textile manufacturing.
There is a growing certainty that q
home markets for manufacturers and
all other producers. Foreign manu-
facturers cannot sell staple goods
here unless they can supply better
qualities at lower prices. That they
cannot do. American intelligence and
energy. the superior quickness of
American labor and the advanced ef-
f1ciency of American machinery have
the home market beyond competition.
We shall always import some things,
no matter how much we manufacture,
but there will be far more manufacture
ing under reformed tariff than under
a trade killer like the Mckinley law
st. Louis Republic