New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1873-10-27


ton OF Griswold Co.s Bessemer Steel WORKS. "nch
have made an Arrangement with their workmen 70 con
tnue work at 10 per lower wages than the usua
WiGter reduction. These works now employ ABOUT ooo
nee Tho Troy Car Company which employs 0o nen'
WIN close very sOon aud their workmen Will be
thrown out OF employment. The Company has now on
hand s400OO worth OF which ordered for the
Canada Southern Railroad and a railroad In south
America, but which the Company has been ordered not
TO ship at present the railroad companies cannot
pay for them Theimanufacture Of linen collars, which
also large business in Troy, employing 1900 OF 5000
girls, is still continued with mere than the usal re-
due ion ia the force employed that always made at
this time OF the year The demand for the goods has
fallen of slightly since the panic but OF the aco-
ries have any present intention OF stopping work Troy
also does quite an extensive business In the manufac-
ture OF stoves though not large as Albany. This
industry still continues, with partial reduction in the
force employed The prospect now r. that t9 OF oo
coming Winter. The Corning Iron Works when employ
accept an offer made By Mr. Corning reduction OF is
per cent in their wages. The workmen are to meet
tonight to consider the proposition
THE MANUFACTURES OF ALBANY.
The chief manufacturing industry Of Albany is that OF
boots and shoes and stoyes The boot and shoe esab-
ishments nine In number, and employ altogether
about 1900 hands, Of whom about 800 are females The
average wages SIS week for and "a for women
and the payrolls foot no about 10000 month None
OF the factories have thus far reduced the number OF
employees their The effect Of the panic Is just
beginning to be felt among them and they anticipate
material reduction in the force employed next month
The larger establishments are finishing up orders Ie
ceyed before the panic aud when this Is done thcy
must retTench the new orders are coming In very
slowly. The falling of in orders since the panic Is
estimated at fully One-third. Unless Improvement
place the money market they say they will be
obliged to discharge from third to onehalf their force
The moot and shoe makers do not have the reputation
being very proydent class, and the employers think
that large portion OF them VIII be LETT destitute III ue-
The stove manufacturing business the largest OF the
Albany industries and comprises eight hrms ana about
1880 workmen All OF the factories now running as
usual and although the new orders are not up TO the
usual standard yet account OF there being short
supply in the market at the opening OF the Fall trade
they hope be able to continue their regular working
force until business its normal condition s. H.
Ransom & Co.. OF the largest firms in the stove bust
ness. has branch house In Chicago which advises them
that the Western trade is likely to be very good Their
remttances from the West are much more prompt than
their home collections ami their theory that the West
is better supplied with currency at the present time
than the East. The employees In the stove business are
well TO do generally They have heretofore received
high wages, and many Of them own their own houses
While nearly all have deposits ia the savings banks Tue
average wages are from Sls TO $40 week, and many
make &c and 81 day by piece work IL Is NOT thought
mat there would be much suffering among TINS class
even If they temporarily thrown out OF employ
ment, Of which, however there Is no present prospect
Inc lumber business OF Albany aud west Troy Is
almost at a stand-stiD, but as it employs comparatively
rev hands ana IA reported 10 De aDnndanty aDis 70
stand the pressure the consequeneesof falling on IN
the business not likely 70 be serious. There Is one
blast furnace in Albany which Is running the same as
the ale breweries Of Albany and Troy have not been
ahecled by the panic and are not likely 10 be.
THE NEwBURGH STEAM MILLS CLOSED.
NEwBURGH, Oct 25.-0wing to the money
stringency the Newburgh Steam Mills. owned by
Garner IL Co. of New-YOrk have stopped for in
definite period About 40 persons are thrown out VI
employment.
REGULAR CASH PAYMENTS STOPPED BY The CAMBRIA
IRON WORKS.
Hon. d. J. Morrell, General Manager of the
Cambria Iron Works at JohnstOwn Penn, has given
IL
sbe TO make collections for ronlsOd to sell for cash.
or to raise money in any other way make the usual
monthly cash payments and therefore gives notice to
those TO whom cash balances are now due that they
shall be paid money can be obtained. He
further states that In view OF the uncertainty OF obtain
ing orders on any satisfactory keep the works
running is deemed proper To give notice that while
the Company Will guarantee TO employees all necessary
supplies the extent OF their earnings regular cash
payments need be expected until cash can DE obtained
for products of the works. Those who not satisfied
To continue work under this arrangement give due
notice. when they will be paid OF III full soon as FUNDS
can he secured for the purpose.
RESUMPTION OF BUSINESS BY TIE PTTsrON AND
ELMIRA COAL COMPANY.
On Monday of last week the PittstOn and
Elmira Coal Company suspended because OF lack Of
money to pay its wOrkmen. Gu Thursday arrange
ment was made by which work will be resumed to-day,
no reduction OF time being made IL is agreed however,
that the employees shall waive their right TO demand
payment the Of the month has been the Gus
CONDITION OF THE MOROCCO MANUFACTURES OF
WILMINGTON
1t is estimated that fully 30 per cent of the
usual number Of workmen in the morocco factories OF
Wilmington. Del, have been discharged and one small
firm ceased to manufacture goods several weeks ago
Another will probably this week, and is under
stood that one OF the largest rms has gwen orders ha
no more skins be prepared for manufacture INTO leather
al present
BUSINESS MOTIFS.
Ii is understood at Pittsburgh that the coal
operators in that vicinity will reduce the price paid
for mining and also make corresponding reduction in
the price OF coal TO consumers
The Phoenix silk Mill in Paterson, n. J.,
is again running, the employees having consented 10 q
reduction OF 20 per cent in their wages
THE NATIONAL BOARD or TRADE