Tu manufactures but one branch lags behind the general advance. The cotton mills in the northern section of the country. have just put into effect a sweeping 10% reduction in wages. The necessity for this is commonly ascribed in the recent building of many cotton mills in the southern part of the country and the prevailing lower rate of wages there, but some see, as a partial cause, the beginning of competition in Japan and. China. It is certainly true the demand upon shipping on the Pacific const or. carriage of raw cotton to Japan: and China has been recently so great that it has been utterly impossible to find room for the shipment of grain. previously ordered; Boston, Mass., 4th January.
Text read from the printed page and cleaned; old type leaves the occasional error.