The Providence news. (Providence [R.I.]) 1891-1906, 1905-05-17

made answer to my inquiries. / have
satisfied myself as TO the correctness
Of the figures given me by the mills and
I from these returns and other sources.
find the following facts, using as a basis
OF computation cotton cloth, IS inches
wide 64x64 pick:
The overage price for middlng uplands
cotton per pound from Jan. 20, 1905, TO
April l. 1905
THE average selling price for cloth per
yard between Jan. 20, 1905 and April /.
1905
THE average running expenses. exclu-
sive Of cotton per week, less an average
amount received each week for waste
and by-products.
The capitalization OF the various mills
Allowing six per cent for annual dvi-
dends. and five per cent for annual de-
probation. ] find that It will require a
margin OF "a 3S-100 cents between the
price Of Is yards Of cloth and eight pounds
of cotton TO pay a dividend OF FIVE per
cent on the wages earned during the time
specified.
OMITTED FROM CALCULATIONS.
1T is claimed by the employees that in
submitting my conclusions ! should take
into consideration the fact that the mills
have not been running full during the
time specified and have otherwise been
prevented, on account OF the previous
strike, from making as good a showing
as they otherwise would
1T is undoubtedly true that the show
ing made by the mills during the time
specified is for the reasons claimed by
the nlen-leSs- +Aa44-4+- trt,,f4ti-have-
been under ordinary circumstances. but I
do not see that under my agreement with
both parties, | am allowed TO consider
facts and have accordingly omitted
them from my calculations"
EFFECT AT FALL RIVER.
News Of the finding OF Gov DouRlas
with reference TO the Fall River wage
question. which reached here shortly be-
fore II o'clock was the principal tonic
of discussion among mill operatives dur
ing the noon hour. There was little ap-
parent excitement. and IL was under
stood that the operatives in general. had
looked for a finding averse to dividend
In their favor
The labor leaders. whose first informa-
ton came through the posting Of the
newspaper bulletins. and later through
the newspaper extras declined to ha
quoted or 10 express an opinion. pre-
ferring 10 wait they said until receiving
official advices
Members OF the Manufacturers associa-
tion were OF the general opinion that
condition OF business could have shown
no other result
y h. Borden. president OF the associa-
tion said: II am surprised that the gov
ernor set any figure AT all"
The manufacturers position was that
they should AZ least have n margin OF "a
cents before any advance could be given
but that they were willing under the pre-.
vailing conditions at tho time TO saw that
they would accept seventy-fve cents as n
basis N that basis was 10 have no effect
on future wage events Now that the gov
ernor has set basis below what tho
manufacturers contendcd for there is
nothing 90 DO but accept g.
MR. BORDENs POSITION
Mr. Borden thought that the situation
was satisfactory under present conditions
and regretted that conditions were not
such that an advaft~--r-r-ri-i irr rrr-rrtr y1rn-
ont the agitation Of any sort
Another member OF the association said
that the governors finding had fully
borne out the manufacturers contentious
and that II would be generally satisfac-
tory ~ conditions were understood
Another member said he did not under
stand how the governor reached a figure
Of margin below 75. and added Il am
glad we have got Our business out OF 9TH
er peoples hands and now we II zee IL we
can't run r..