Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1873-10-31
NEW ENGLAND CoTToN-M1LLs.


| From the New York Times.l
The boards of direction of nearly all
the mills in Fall River, Massachusetts,
met on Monday evening, and appointed
a committee to confer with representa-
tives of corporations in other places in
regard to a partial suspension during
the present dull times. A special dis
patch says that the cause of this is the
lack OF trade, growing out of the cOndi-
ton of the money market, and that for
the mills to keep on and pile up goods
would be waste of materials and .Of la
boz. Print-cloths are, to a considerable
extent, perishable. They are all made
for the current season, and are not good
for the coming season. Just now, of
course, the works have the fall trade to
supply and are turning out dark goods
If they should keep on and store their
goods there would be no demand for
them until another fall season, and even
this would be impracticable on account
of the changes in style which must be
made from year to year. In ordinary
years trade in print cloths is at its hight
in October, and the mills and the print
works have to use all their facilities 10
keep up the supply, but the effect of the
recent monetary cOnvulsiOn has changed
affairs this season. For about three
weeks nearly all of these estab-
lishments have been slackening up in
one way or another, lessening the
production without actual shutting
down. The custom of keeping the
printing-machines running during the
noon hour has been stopped, and in va
rious ether ways there has been letting
up in the work. But the market refuses
what has been produced, ,and goods have
accumulated. The manufacturing mills
are dependent to very great extent
upon the demand from the print-works,
as well as directly upon the trade, and
are correspondingly affected. 1t is true
that white cloth is less perishable than
prints, but at time when the tendency
of the price of cotton is downward il
would be bad policy to manufacture
faster than it can be sold. The Ameri-
can print-works chooses to act independ-
emily by shutting down to half time at
once.
At the meeting Monday evening.
twenty-five corporations, owning about
thirty mills (all these are in Fall River
excepting about half DOZEN, were re-
presented. Charles 0. Shove, of the
Granite mills, was chosen president,
and ]. B. Chase, of the Tecumseh, secre-
tary. The depressed condition of the
print-cloth market, the falling off in
the demand for goods, the high price of
money and the necessity for a eurtail-
ment OF the running time of the mills
were fully discussed, and motion was
adopted that Messrs. Thomas J. Borden, |
Charles o. Shove, and Walter Paine, be |
appointed a committee to confer with |
Representatives of other print-cloth mills, |
and ascertain what concert of action can |
be had with them in relation to running |
short time. The meeting adjourned to |
meet at the call of the committee.
The Atlantic mills in Lawrence intend |
to reduce their product one-half, and |
will run but four days a week for the
1t is reported that the Black
stone company, of Blackstone, has de-
,ided to stop its mills, owing to the dull
lines. The Tafftville manufacturing
company, of Norwich, Connecticut, will |
run only three days a week. The Hop /
Sins and Allen company, OF Norwich,
las discharged fifty-one hands and re-
iuced wages five per cent. At Baltic,
and Norwich Falls, Connec-
lieut., it is understood short time will be
adopted.