THE DEPRESSION IN ENGLAND.

Dunstan Times, Issue 1234, 23 October 1885, Page 3

THE DEPRESSION IN ENGLAND.

A few figur-s snmmaris°d from a seiies of elaborate reports for the month of August show that in most, if not all, the greater industries the make or output is being further reduced in several places, I his of course, means less empjnyme at for cipital and less remuneration for labor. Taking, as a rustic hard of Erin hath it, “ a full synop-is with the nnassisted eye,” he result is the discovey that since April 30 the average ptice of manufacture I iron in the Cleveland trade his g-me down 6d per ton, and that m ikes 2s 41 decrease per C*n in six months. One firm at Newcastle-on fine have stopped work because the m°n would not give in to a re lucr-ion of 7£ per cent., and now they are suffering a reduction of 100 per cent. In the nail trade prices for certain qnali ies in much demand have gone down from 5 to 12£ per cmt. since 1879, and now the employees say they cannot go on unless the men submit to a reduction of 10 per cent more. AU sound employers are te ling thir hinds that the only Way to oheipen the c ist of.pvodnc’ion,' which,is necessary if we are to hold even what trade is left, ito reduce wages. At Ashton and Oldham the men of the coil pits have agreed to a 5 per cent, reduction At like-ton the men offered to take 10 per cent Jess, but the the employers felt they could not go on without 12 percent, less. In the Merthyr coal district the men, to tin number of 40,000, have lost about 7s per h°ad per week, or nearly the value of two da s’ work At Dewsbury there wdl he a lock out if th • Cdf ; et weavers do not submit to a reduction estimated at 15 to 20 per c-'oit. At 1 1’dham, in the cotton trade, 30,000 peop e are without work, because the enrpiovers insisted on a 10 per cent.-reduction, and, as a conse' q tence, -three-f nirths of the spbid es in the Asht m district are on half time. At Chorley the hands of the three mills are out on strike against a n-'c;s----s.-iry 10 per c-nt. re lucrion, and at Wigan 1500 are out f>r precisely the same reason, and in the Atlantic steam-shipping trade firemen are striking at a redaction from 90s to 80s a month, while bluej ckets arc doing the same ecu use certain employers insist on paying 70s instead of 80s But the reduction in the present state of the shipping interest is inevitable, and that not on the Atlantic steamers alone. Some of the shipowners have been obli;ed to throw their hinds out entirely', 1-ocause they are compelled to lay up their ve-sels as they reach England. And in one poitaqnaner of a mi lion of capital is thus made unproductive.— ‘ rish Tunes.’