25 JUNE 1864, Page 2

it is stated that the cotton famine has made the

fortune of Dundee. The manufacture of jute, the staple of the place, has increased in five years from 300,000 to 600,000 bales, the price of the material has scarcely increased, while that of the yarn has doubled, and the manufacturers are buying new machinery, building great vessels, and erecting palaces for themselves on the banks of the Tay.