New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1873-11-05

change TO heavy goods which Is usually done ABOUT jan
uary l. the mills will probably stop altogether. unless
fair demand for their goods springs up In the mean
time The outlook is now more gloomy than few days
ago. The demand has fallen of to we'll nigh nothing
His firm he said Is not finding collections very hard
nor debtors largely asking for extension but t
impossible 90 with full work when there Is no mar
ket for goods Currency had been obtained without great
difficulty by houses with good bankbalances and at the
Waterford Mills the men had been paid regularly In full
In wooden manufacturing there had been oyer-produc
ton Of late years During the last Ave years too many
wooden mills had been built Being asked II he though1
the suspension OF the spragues would seriously hnoc'
Rhode Island industries outside OF works directly uhueI
their control, nc answered positively that there "ouu
be 10 serious arrangement, would any consder"De
interests De e0parlc0 uuess the creditors shouu nave
the folly to reject the plan Of settlement proposed
Under that scheme seemed probable that the manage
ment OF affairs might 60 smoothly. 1t could not De
denied that 10 bankruptcy were brought on great
hrnlare OF values ana much embarrassment In manu-
featuring property throughout the STATE would follow
The Lippitr Wooden Company, at WOonsocket, T. l.,
with 90 of machinery and near 400 hands also went
on half time yesterday tin further notice The large
Harris Wooden Mil at WoOnsocket, which manufactures
Tie welLknown Harris goods. is still running at full
time with its % sets OF machinery and the manager says
there will be reduction either of men, wages, or hours
o. possibly be avoided. 1t has always been mat
Of pride with The agement OF Tins mill TO Keep up
fun work n times Of financial DEPRESSION and It's e1-
ample has been OF great value IN strengthening the
faint-heartcd.
The Waus,uck Company operate large mills making
worsted goods Wauskuok, Il. L. employing q sets OF
machinery and about 500 hands Their production Is
4OC00 yards per month. They are still running al
fun time and with fu force and propose no reduction
for the present Their mills almost the only ones IN
the state which pay their hands weekly, and as they
have had mrch smaller amounts TO raise at any one
time than the other mills, nearly all OF which pay
monthly they have obtained sufficient amount OF cur
an mil n-ff1, otf rttIc a
Guilty
Taft, Wcedcu Co. run the WeybOsset NH at 0lney-
ve where fancy cassimeres made. with 70 sets OF
machinery and 425 hands. The monthly production is
about 5000 yards As they have large stocks OF WOOL
on hand. they are sill running fun time, and have
named 40 day reduction, but do not consider the
prospect sufficiently encouraging warrant hope that
fu production be continued very long Their men
have been paid promptly ana full, though with some
difficulties in raising currency In their opinion the
banks have used Ike manufacturers well In freely dis
counting for them and there IS general call FOR gov
orunenta Interference by Imitation or buying exchange
They do not think that the Sprugue complications will
lave any pagayzng effect upon Rhode Island industries
IT, as seems probable. matters shall he smoothly ar
ranged with the creditors.
Tie Elba NIL in Providence. and the Central at Tx
bridge, mass. manufacture fancy cassimeres and are
owned by Dav & Chaplin Mr. ChapE says that as yet
they have ale reduction time, men, In
their ms 1houEh the demand has almost entirely van
shcd But the mills at this time Tor the most part are
busy on sprrg goods for which there not generally
brisk demand TN December Present appearances give
huc hope chat there viii rcman this year any cODsid-
cradle fraction OF the usual December trade, and the
wooden mills which have held out far will soon be
obliged 90 come down TO hail time
The operatives were never in better con-
dii.0n for re,reuchment. They have much
money The banks coula bear year OF half-time
pay without suf1ug. Paine & sacketts woolen mill in
t"a cij, WhrA el Us 10 hahHs ~ n'IIg l4hSl a.
% N
wooden mill at UXbridge Mass, owned by WIN. Davis OF
Ills Cv which has II sets OF machinery aud hands,
iSL0W running light sets ut threcfOurthS time. Mr..
Davis stated that the wooden manufacturers OF New
ENGLAND have yet cut down to hattme so generally
s me cotton mills. Int are considering the Ques
Of par a suspension. There IS now very little de-
nnd for their goods, although business was very DS6
before The panic ana most OF the heavy goods were SOLD
cut. Wages in the wooden mills have been high and the
operatives commonly fairly well to do and able 10
bear reuenchment. Much suffering might be caused,
the Winter. The prospect is very uncertain. The de-
Iand OT heavy goods is over about oct and the trade
81 lighter grades does not become lively till January.
business may revive then. There is generally ex-
pressed determination among cotton manufacturers 10
reduce wages when their mills take up fun time again;
but there has been no movement that way among own
MORE ABOUT TIE COTTON MANUFACTURERS.
There are fOur large cotton mills making medium cot
tons az Putnam Conn., having In all about 6oOJO spndles
owned h Geo. c. Nightingale Sons, who have an ONCE
iu this city. lew mill has been built by them with
capacity OF 2)CC0 spudes, but this will not be complete
for month moie, aud the operatives to Gl IT have
not yet been provided. l. had been expected that II
flis
market for cotton goods, the delay is now con
sdered fortunate. William Nightingale says that the
demand which has been very Aght, Is now beginning
To improve little. The mills are stu running full time,
though q reduction 70 halt time has been under consd
As iu Rhode Island, operatives IN Connecticut
S0JOn mus t SI 6vr the prospeet Of hall nav
Iue large cotton mills at GrOsvenordale and North eros
yenordae. Conn., ON the line OF the Norwich ana NOR
cester Railroad, which run near COO0O spnClcs, are
owned by DR.. William GrOsyenor OF this city. They
we're put OF lalf time yesterday, and Will continue on
that basis unless trade reyiyes.
b. b. & r. Knight OF Providence control the following
mills, with payroll Of $4,000 per month"; Pontiac Mill,
az Warwick, Il. L., with 5000 spndles and largo
400 hands; Tie Hebron and Dodgeve Mills, az Attic
borO. Mass with 10000 spindes and about 500 hands;
White Rock Mil az Westerly, r. l., with 1900 splndles
and 150 hands Grant MIL In Providence, 5000 spndes
and 100 hands Mancbaug Mills in Contra. Village, SUIT
mills are still running with fn force, and an except the
Manchaug fun time Al the last-named mill repairs
Tangement will PROBABLY continue no 10 Jan. ]. All
these mills make fine cotton goods Tor when before the
pauio there sharp demand. Up TO the time OF the
ytuc product these mills had been sold ahead Tor
Is months past and goods delivered orders mp
a. Oci s. H. b. Knight said that 'New-Eugland manu-
featuring in 50 sound and healthy condition
"a ON sept 1873 The goods were sold close up, the rea
tons between manufacturers and buy were Tar from
embarrassment and there lively demand al paying
,,rircs III hc name had not come in disturb calCua-
cent and their Fail trade Because there was
80 little Conftis manufacturing relations, the mill
owners wealthy and strong; they have been turning
ont fine goods at fair prices the country is p0Werlu ana
rich abOundng in resources and blessed with plentiful
crops these present troubles cannot last very
long or impair The vital prosperity OF Rhode
Rhode Island manufacturers has been much
lnrepTcsented They have had no serious enDarfass-
Ircn5 with NeyYOrk agents. have there been such
serious tiirlcuncs in making collections has been
stated. Our collections have come IN WIN eNceuent
prompmess. Managers have been put TO some pans 70
set currency wages, but nearly all have PAID ther
hands fully aud without delay In cash. IheIe mas never
been. Is there now, any general cry nom Rhode
Island miliOwuers for ad or interference nom
Tie Government. Some Of them Will be able !
think, weather the crisis without even gong on hai
time. Our will keep mp full hours as long as