The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1901-12-05
Following was the movement at thirteen

The Commercial and Financial Chronicle
ui,.o. tbo following on the domestic goods
trade Indicative Of very satisfactory con
diticus;
Although the cotton manufacturing IN
dustry at Fall River has not returned uu'
ING 1901 rs satisfactory financial results
as those for the preceding year. the snare
holders have received on the whole large
dividends than In a number OF seasons PRO
TO 1889. A few mills least faeoiably SIT
mated have made no distribution whateNc"
the remainder as rule have pnld ou'
smaller amounts than In 1900, aud yet til,
average dividend for the tblrty-uve corpora
tions reporting has been j.j3 per cent rms
,,s,ttt docs not of course, compare vera
well with last years average OF $50 pc
CENTS a little smaller man inc ieVV nv
! crnge-but is much better lnAh luC Ill T.,
cent returned IN isyS or @.35 per cent IT,
cclvcd In 1897 SLOW trade IN PRINT cloths
al the opening oil the year brought ABOUT
I discussion Of cur aiimcut. ana before iht
B close of March that eNpcdlent for reheNlnt
/ thc ,ltuation had been quite generally
agreed upon, went into effect and con
siderable reduction of nroductlob resul ~"
during Anrl and cnrly May. But no I'M
/ pIoremcut being apparent as result
| this measure the wisdom Of further eur
! tailment or cut In wages was considered.
I Before any definite conclusion haq peeh
reached the market improved, and ihrE,
/ sales nj cloth ,n June caused the sublrr.
TO hc dropped for the time being. In Au
| gust however. lmremuueratiye prices ngaii
( brought 10 the surface the proposition t.
! reduce wages. hut Mr.. Borden, by ahsorbint
a fairly large block Of print cloths and hid
ding for further supplies brought about q
marked advance in quotations. This chhngt
in the situation did mt Immediately cause
n withdrawal Of the wage reduction idea
hut subsequently,. when Mr. Borden in
creased hv . per cent on two occasions Tic
compensation ~ his operatives, It's discus
sion was abandoned. In fact, the hands In
the mills controlled by the Manufacturers
association made demands for n 10 per
cent Increase and threatened 10 strike un
less IL was granted. The mills refused t.
grant the advance. and lack NJ concurrencr
smonr the operatives prevented strike
Mira Borden Suhseuucntlv placed his mills
unsns he old schedule without causing aur
disturbance
An erroneous impression has been quite
prevalent that during the greater part o.
tht year the relation between the cost o.
Ca'tcn and the prices realized for print
cloths had hecn such that operations have
nctted an absolute loss. That goods have
nj times been sold below the cost ot pro
duction liz UndouhtedlV true. hut for thu
greater nart Of the wear there has beer
some rnrgn ~ mont nneager ms II NAV
have hcnn Mt cort-in u"r'o'e ~ THnrpr-
whom cotton ruled . cents ner pound hlrhe'
than ~ rrrscnt and from Int Nav Ia tn
close ~ tho Arst week ~ Scntemhpr. whe-
rs~r'or rtyeA nrint cloths chanred hands
NJ "a COX cents ner vnrd loss certain
" incrrred. Rut durir" \ rood mart ~
other months some proft was secured A.
tho""h orlv since nhout tho mldd'e ~ Sc
TENDER has it hcen more than nominal.
Hous'or's estimated receipts for todnv
are $4,000 to 1900 bales, against II So
Inst year New Orleans expects 5000 tc
10,Ooo, against II, 46S last year.