Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1873-10-31
PANIC RESULTS.
Reports of the Condition OF Business
and Manufactures In the Interior.
MASSACHUSETTS.

anu mtSuE1kdCsuEeS INC 1ubeEIOE.
From the New York Bulletin, Oct 2s.
MASSACHUSETTS.
The Howar watch factory has resumed
work on the plan of four days in the week,
nine hours day.
The Writing Paper Manufacturers Asso-
citation of the Connecticut Valley, met in
Springfield on Thursday, with President j.
g. Parse s, Of Holyoke, in the chair. The
meeting was called to discuss the desirabili-
ty Of runLiI G the mills on half time, with
view of diminishing the present over
supply, and thereby increasing the price of
paper. About twenty-five members of the
Association were present. The result of
their deliberations was vote TO run half
time for two months, beginning on the LIST
of November.
The report that the shuck factory of
the E. Horton & Son Company, at Wind
sor Locks, had suspended operations, proves
to be untrue, that concern not having
stopped work even temporarily, and having
no intention of doing 50.
A large number of mechanics in Nashua
are out of employment.
The reports concerning the Walworth
Manufacturing Company, which have ap-
pesred in the daily papers during the week,
charging that they were unable to meet
their en- sgements, are utterly and entirely
false. The company has handsome sur
plus, has orders ahead in large numbers,
has not reduced its working force, and con-
templates working double time to keep
pace with the demands for its goods. The
story about the discharge Of it's men is a
pure fabrication, aud the statement that it
oh &c IL
fact that, at the request of the company, on
it's last pay day, asked its men as matter
of accommodation, TO take only 80 much
currency as they actually needed, with the
understanding that they could have the
balance on demand.
One-third of the looms of the Hamilton
Manufacturing Company, of Lowell, Mass,
are now run four evenings each week till
nine O'Clock, in order to supply the demand
for goods.
Further results of the panic are the dis
charge of some of the workmen in the Jew
cry establishments of Attleboro, Mass,
and the running of some of the factories
only four days in the week. Some of the
heavy buyers, on whose payments the man
ufacturers depend for funds to meet the
claims of their employees, have not paid up
recently, and the result is that there is a
temporary scarcity of money. It is not be:
lieved that this condition of affairs will last
long.
The Chicopee (Mass.) Manufacturing
Company, at the Falls, who have been run
ming their works night and day since the
recent'burning of q portion of their mills,
shut down 40 of their night looms last week,
and il is reported that night work is to be
ertirely suspended for the present. The
Dwight and Ames companies are running
their works on full time, with no prospect
of slack-up. The Gaylord Lock-works
are running on three fourths time.
NEW HAMPSHIRE.
The Great Falls Manufacturing Company
pays its operatives $3.50, 900 year. Last
week thu company paid its hands 10 full,
thus putting nearly $4,000 in circulation,
and relieving the stringency of the money
market in Great Fans at least.
There hiss Ueen a partial suspension of
the shoe factories in Dover, owing to the
difficulty experienced by the proprietors in
getting discounted the long notes They have
to take.
What is called the Beaver steam mills
property in Keene, which cost $4,000, has
been sold by auction for $61 200. Daniel
Base, of Keene, was the purchaser.
PilIsbury Brothers, of Northwood, who
usually employ about 100 hands. in their
shoe factory, have suspended operations for
the present on account of the dizziness of
business.
RHODE ISLAND.
Most of the mills at Pawtucket, r. l., be-
gan the present week with q reduction of
the hours of labor. A few hold unexpired
contracts, and will make no change for the
present. One or two are preparing to run
extra time, and will try to meet incoming
orders by night work. The short-time mil s
will run, some on half time, some on two
thirds time, and some, even, on three
quarters time.
The Crotch Mills, Woonsocket, r. l.,
have posted notice that they will run on
hslf time. The other manufactures are
contemplating the same course.
PENNSYLVANIA.
Three cotton mills in Allegheny City,
Pa, the Anchor, Eagle and Penn, have sus.
pended operations for the present. The
suspension is made in order to make re-
pairs, and the proprietors state that they
expect to start up in about two weeks
again. A large number of hands, mostly
girls, have been thrown out Of work.
Though the new furnace of the Eckerts,
in Reading, Pa is ready to be blown in, it
will not be started for the present.
The Fishback Puddle and Rail Mills,
Pottsville, Pa, nave suspended work for the
present, and 900 hands are thrown out of
employment.
Only three of the nine b,ast furnaces in
SharpsviIle, Pa /, are in operation.
The Harrisburg, Pa, car works have re-
sumed operations, but with greatly re-
duced force But one car day is to be
turned out for the present.
The Phoenix Iron Company, Phenixville
Pa, have been reducing wages. Boilers
will receive So per ton, puddlers $3.50, and
helpers wages will be reduced four cents
per heat. All other wages at the mills,