830 



REPORT — 1884. 



THE LAW OF COMPETITION : IX ANY GIVEN PRODUCT, PROFITS DIMINISH, 



WAGES INCREASE. 



i following deductions have been made from the accounts of two New England Cotton Factories. 

 both constructed prior to 1830, and operated successfully and profitably since that date, mainlv on 

 .standard sheetings and shirtings— No. 14 yarn. The figures given, from 1840 to 1883 inclusive, are 

 absolute, being taken from the official accounts of mills, of which the sole product has been a 36-inch 

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



. t figures of 1884 are deducted from nine months' work in 1883-4. 



WAGES PER OPERATIVE PER TEAR. 



1830 

 Is 40 

 1850 

 13G0 

 1870 

 18"0 

 1880 

 1883 

 1884 



164 gold 

 175 gold 

 190 gold 

 197 gold 

 275 cur. 

 240 gold 

 259 gold 

 287 gold 

 290 gold 



=1 



PROFIT PER YARD NECESSARY TO BE SET ASIDE IN ORDER TO PAY 10 PER CENT. ON CAPITAL USED. 



1830 

 1840 

 1850. 

 I860 

 1870 

 1870 

 1 )80 

 1883 

 1884 



YARDS PER ITERATIVE- PER YEAR. 



jea in the ma- 

 chinery affected 

 I production. 



COST OF LABOUR PER YARD. 



