The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-11-06
EASTERN MILLS LOSING "CONTJ

Fail River, Mass, November 9Th,
print cloth report for this week does not
show very satisfactory results and the sit
uation 10 calling Firth considerable com.
meat from stockholders. who have seized
upon the opportunity offered by the an
Dual meetings TO crlticiro somewhat tbs
methods IN vague here. The production
has been FORMAL, 10000 pieces and the
sales have been comparatively liisht. The
stock ON hacpd has been increased 5000
pieces. Tho market IN duh. at 2%c. Man.
ufacturers have came 10 the conclusion
that the cost OF production must he low
cred Il they are TO compete with Southern
mills, aud they have agreed upon a novel
pan, II s nothing more or less than at
appeal To The operatives 70 accept cut
of 10 per cent IN wages.
The above telegram from the largest
cotton manufacturing dlRtrct IN the Eest
is sad commentary upon Mckinley pros
pcriiy.
1t is seldom indeed that such a dolcful
story of poor trade and decreasing sales IL
recorded at this time OF the ye,r. A
strange commercial phenomenon Is that
which shows a crippled business just a,
the time when trade is supposed to DE at
its height. When cotton manufacturers
complain OF their inability 10 keep their
hands anu machinery In full work during
The fall and winter, what viii they do when
the dulness OF the spring md summer Is
upon ttem7
The worst part OF this intelligence from
true. Eastern cotton mills had the poor
est business during the month OF October
that thty have cXpt rionced in FEARS. Their
production OF goods the whole season has
been far IN excess of sales aud at the end
OF last week the stock of print cloths alone
ut Fall River and Providence WAS | $780,
600 pieces, And this despite the fact that
the price is the lowest on record! Aud
also despite the fact that dollar wheat is
supposed to have made the whole country
prosperous and increased the demand for
all classes OF goodsl
Tho prosperity boomers promised the
South that McKinloy's election would cause
Eastern mills to buy more cotton this year
than ever before In their history ON the
contrary, however, they have taken less in
time last year. or the year before. or the
year before that. Southern mills, which
are situated In the heart OF the section
that lis suffering from scent cotton. and
which does not claim any prosperity save
that which lis due to It's own efforts. have
bought more cotton thus far this season
than during any past year. Cotton manu-.
facturers In the South are not begging
Their employees to accept a reduction in
wages. nor are they complaining of any
dull trade.
The truth Of the matter IL, the Eastern
mills are suffering from too much conf
denoe, 4 republican, president, protection
and famine in forcira countries are not
absolute guarantees OF prosperity, Dollar
wheat is proving great help to small
section of this country. but Ii is simrly
caused by the crop failures IN European
countries. and Will pass out OF existence
'fter the first of the year, There is 9th
Ing whatever In the present system OF
laws ard legislation to ennence the value
pf agricultural commodities or to cause any
improvement In business.