The Providence news. (Providence [R.I.]) 1891-1906, 1893-07-24
pets Ihlt Thsy Will Run
Through tha Summer.
employees ylNl 10 CLOSE.
80 labor Leaders vavs To Say on tho
\ - ~ er- The Mills in Excellent Finan-
<clai Conditlon-A shu -Dowa IN Aug
oet N ould ,e Good Thing.

/<XAII RivE1. Mass. July 2i-The si.ua
IA IN TIC cotton ,rlils ia this city Is in.
cafcd pretty clearly by the talk resntln-
yom the Statement OK the condition oi the
10th market.
Where nre ~ 900 pieces of goois held
Hre. The contracts extend into March OF
oxt year, bet most OF the mills have few
- no contracts that will amount TO any
Ming as factor In determining the future
ctfon OF manufacturers. Eight corpora
Mons hare contracted ahead into Scptcm
1or for about half of their production.
These mills nrr in mn excellent financial
Hondition, as indeed are AL the Fall River
pills as compared with amy previous time
= their history
They VIII Continue 90 Run
Until their contracts have expired, as much
IDcause OF the desire Of their owners TO
make money as from the force of another
%0ouse, growing out of a plan recently
G1opted. Heretofore it has been possible
Ice mills desiring to shut down to pur-
f<hnse and deliver the goods of other mills
In fulhlment OF their contracts. This
Drnctise IL not allowable now, owing TO
1Igid rule es tn ablished by printers to the
s 0([ect that all contracts mr. 70 hereafter be
He'd with goods made by tue mills sign
InG the contracta
There are some factors at work at the
nre&ont time which will induce business
men and others to think seriously before
4 nhutting down at the present time. For
nDmc time print works in various parts of
z 1ho country have been shutting down.
The curtailment OF output that will result
from this cause between Juno and Sep
'1omber will be between 100000 and 100000
00eces, or nearly four weeks production
. - the Fall River mills.
Again, last year there was a great call
lcr bunting and cheap material for deco
4 1otive purposes, perhaps 100000 pieces or
more. This year the demand for these
Durposes is nothing and the production of
the mills has been turned into regular
ohannels again.
This withdrawal OF the output OF !, 1,5o0,-
4 90 pieces must hsye it's effect, and manu-
1acturers and brokers agree that the
'<veAker Hael elder nj Is must feel the strain
Grpt There are other minor causes TO
which manufacturers attribute the pres
ent dull trade, but unquestionably the
great cause in their minds il
Tho Financlsi Situation.
Money is not very tight with them, but I.
1Qmers OF the converters to whom they
sell
The New Bedford mill which, short
1fme ago, offered per cent to tho Spin
ncrs' union for e25 900 or any part OF IL
for six months will not b. accommodated,
because the spinners think their money is
worth higher rate of interest. Knowing
al these conditions, the talk after the is
ouance Of the statement became clearer and
moro positive.
Secretary Howard of the Spinners'
union and Secretary Whitehead of the
Weavers' union are both in favor of
Shutdown.
The former said In an interview: 1.-THE
. manufacturers should shut down at once
far two weeks, and IL that isn't sufficient
then let them shut down again in Septem-
bar When talks of shutdown go abroad
1t gives crcakers chance to talk cut
down. The operatives have been working
steadily and hard for the last two years,
and from what I know of tho spinners
they would not be averse to it. Talking
k cutdown always angers men, aud
nhutdown will cause q continuation Of
good feelings, and
VIII Materially Benefit the Market
We are producing too much just now, and
Ne ought to shut down and give the de-
mand . chance to catch up with the sup
ply"
Secretary Whitehead has always been in
favor Of shutdown in August il it could
be accomplished. He says he cannot speak
Cor all Of the weavers, but those with
whom he talked favor shutting down as
early as possible and in the hot months.
Although the operatives are in favor of
4 shutdown at once there is no unanimity
of feeling among manufacturers -There-
were manufacturers who said that they
would enter into no agreement to shut
down as long as there was a dollar in
sight. They say their mills were made to
run, and IL the older and weaker ones can
not run at a profit they should not look
for help from others. In any case they
will not shut down when nearly $4,000
pieces of goods are sold in week. and
when only $4,000 pieces OF goods are in
sight. A shutdown, therefore, will not
take place here before September, and
maybe not at that time.
Had Both Legs Crushed.