830 



llEPORT — 1884. 



THE LAW OF COMPI-mTION : IN ANY GIVEN PRODUCT, PROFITS DIMINISH. 



WAGES INCREASE. 



TifK following dediK'tions have been made from the accounts of two New England Cottnn Factnri.'- 

 l)i)th constructed prior to 1830, and operated successfully and profitably sin(;e that date, niaiiilv '•• 

 standard sheetings and shirtings — No. 14 yarn. The figures given, from 1810 to 1883 inclusive' ur 

 absolute, being taken from the ofiicial accounts of mills, of which the sole product has been a .'iii-'imlii 

 standard sheeting. The figures of 1830 are deducted from a comparison of the data of two milK 

 The figures of 1884 are deducted from nine months' work in 1883-4. 



WAGES PER OPEllATIVE PEH YEAR. 



1830 

 1840 

 1850 

 1860 

 1870 

 18r0 

 1880 

 1883 

 1884 



164 gold 

 175 gold 

 190 gold 

 197 gold 

 275 cur. 

 240 golil 

 259 gold 

 287 gold 

 290 gold 



PKOFrr PER YARD NECESSARY TO BE SET ASIDE IX ORDER TO PAY 10 PER CENT. ON CAPITAL USED. 



18.S0 

 1840 

 1850 

 1860 

 1870 

 ISSO 

 1883 

 1884 



1830 

 1!H0 

 1850 

 ISGO 

 1870 

 1870 

 1S80 

 1883 

 1884 



YARDS PER OPEIlATn'E PER YEAR. 



4,321 

 9,607 

 13,164 

 21,760 

 19,293 

 28,000 

 26,641 

 28,032 



1.900 gold 

 1.832 gold 

 1.556 gold 



.906 gold 

 1.425 cur. 

 1.240 gold 



.930 gold j 

 1.080 gold , 



i: 



1.070 gold 



Changes in tlic ma- 

 chinery nffectpil 



prntlui'tion. 



COST OF LABOUR PER YARD. 



