The sun., 1893-08-06
THE CLOSING OF TIE MILLS.
MUCH DISTRESS 10 T0EKMEN, EsPE-
SItLLY ~ NEW ENGLAND.

fTITLY IN NEW 5NtLfND.
Ahor, acp ono tptrdie- Idle Tn Fnu River
Aione-in.biiityto to Get Currener aud stag
nation ts Trhde the Causes or the shut
dawn A List of New pince- Closed.
Fan RIVER, Aug 5.-"About 100000 spin-
dies stopped here to-day for an indefinite
porjod -" Ia the sentence used by brokers to-day
IN their weekly statement OF the cloth market,
and the Aulc Spinners' Association load off
their monthly circular with the Words
Husband your resources" The two express
sions picture the mill situation here to-day
exactly The following mills Will close to-
nipht all for ono week, but most OF them Tor
four nd probably ak weeks: America Linen.
$1,000 spindles; Anawan. 10000: Fall River
Mandatory. 2S.0UO: Flint. $4,000: Granite.
$1,000. which lns new mill In the process OF
erection; King Philip. 100000; Laurel Lake.
$4,000: Mctncomct, $4,000: Richard Borden.
$1,000; Robeson. 25,000: Seaconnot 35.O0O:
shoye, 10000: Stafford. S5.OO0: Wampanoag.
6S.O0O: Weetamoe, "a 600.
These corporations represent ono.thlrd OF all
the mills in the city. Seven thousand opera
tives will bo idle and 100000 will be taken
from circulation by the loss In wages. Other
mills will follow. The shortage In currency 10
the i'm m ediate cause OF the shutdown. In
many. and perhaps In the majority OF cases.
the poor state OF trade Is tho real cause. Tho
weekly cloth Abatement Issued to-day shows
that goods are still accumulating here. despite
the curtaiimehtoi Oh prouuc''oh i'""i i'o'o"o "
175.000 pieces.
Tho sales were only $1,000 pieces. hardly
the production Of eight good mills. and most
OF them wero made on ruinously low basis.
There Ia no call for regular goods to speak OF,
thero being only 1000 pieces sold. or just
enough to make a quotation. The stock OF
last woek has been increased 10000 pieces, all
e4xo4s. and tho mills are not well sold AhoId.
For the next few wee&s ,ie deliveries VIII DO
only 1900 pieces hy the shutting m down Ss dol OF
tho mills named INC production VIII be 40.
creased from 10000 to TOO st picso'' and this
decrease M.n,tnrr. W." u'' ~. mat 1orriod mucb over
ManuiaSt"refs nfe i'' Wos,"u s, -, %uv" u, . U.es
hnyr surplus earnings thnt can be used in pay
tn. onrrnnt az nensrs md quarterly dividends.
Many OF tho mills nee,i repairing after the long
season OF proeperity that has closed 80 ABRUPT
" Hey
ter nc cori TO be S idle than to run mo- on Ua small
nate o"'S Weeks. ' ThS stafford. Wamponoas. and
dont want ttoi to los" "H tier o heip. ''' ''" "
PnoyIDEscE Avg. 5..Wth the mills already
shpt q T ESs re"HS @ S0w
mil mills at Providence will be red ucei about one
bali, The avero Pe weekly production has been
5TOtNI nieccs The stock Of ~ x,;l's on hand ia
Isl, 900 pieces. Market very dull at 2'ic
HAnTFoRp. Conn. Aug 5-,Aii the en- poyecs
fcveI Cumpnny mt New Britain wero dis
charged last evening. They will rclnain ont
indeiiniteiy.
aon Farm i'm pien,rni Nanufactnrinp Comnnnv
sbut down TO-DAY inIeiIniteIy. Two hmndre1
man Ara idln
fnpAR RIp,ps. Ia. Aug. 5.-An order hns
been issned rom the General oiT,ces OF I'll"
to the Effect that beginnng With to-day clerks
vii, nnt worS IN S,furdnrs nnI thnt lima M