New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1873-11-18

Hfafe
Finland and other ports Of Europe They have reduced
their force TO $50 men, who work threequarters
time making entire reduction OF their production OF
about 60 per cent The President OF the Company says
that they have very few orders for home roads but
they have received some from Canada and South
America which. with unified orders, will keep them
running tall after the first Of the year; they have pro
portoned their productive force to the work stu on
hand order insure their running until after the LIST
OF January The reduction In wages has been 80 made
as not to fall heavily any of the men. great dea
OF the pieoeworK, aud men who have worked al
this for "a long time by the improved processes miro
duced into the Baldwin Works have been able TO make
read deal Of money the reduction has been made 80 as
to affect this class chiefly and to fall as lightly as pos
sbe on the meu who work by the day In these works
every part Of the locomotive is made except tho chilled
wheels tires and boilerpate The President said that
there was general feeling among manufacturers that
there must a fall to lower scale of prices Tor every
thing and that when prices became eQualzed az tne
proper level. business would revive again
A. Whitney & Sons OF sxteenth-st and Caliowhii are
manufacturers ,of car wheels They supply part OF
those u,ed in the Baldwin works. and most Of those used
nv The Pennsylvania Railroad Company. few weeks
ago they made 9so wheels day. they now make only
l75 though they have discharged only SIX or eent men
Sho were not worth keeping. Ihey dont reckon ny
hours In foundery work. in the morning they prepare
mo,ds and in the afternoon do the casting They now
ton I'm wages although the amount Of daily work has
been essened They reduced their work to CORE
spond with their orders, which still coming In about
as fast as they work them UP. They have not come In
very far ahead, and the firm have formed no dehni'e
plans for the future which will depend on the amount
of business which may to them, as they seldom
work to accumulate stock. They generally have or
ders several months ahead this the case when the
financial troubles first came. aud accounts Tor ther
Keeping up work long; for 1t took them some time 10
work off the old orders They were not compelled 10
reduce until three weeks ago. They have found coec
lions SLOW and in some cases have Deen oogeo W p"'
their currency to pay wages. ..-..
William seers A. Co at sixteenth and Hamilton sts.,
are among the largest firms manufacturing machine
TOOLS founders and engineers work. &c member OF
the firm said that orders not scarce tbough hey are
falling off, great many are offered winch theS cannot
afford to take they conditioned upon long credts
They have reduced their force about Is per cent and
have made some reduction in wages though IN this they
have Disseminated Really valuable men they have not
touched and the least valuable have been cut down
the most. They are and have been for some time
al work on treefourths time. They have found trouble
in making collections, but have few debts which are
really bad They have sold through brokers, nor
allowed commissions; they nave thus ost ORDERS Dul
have saved money.
The Industrial Works of VIM. B. Bement Son at
Twenty arst-st. and Callowh. manufacture the same
class goodsmachine tools and outfits for boier works
machne-shops, &c. The highest number OF workmen
employed before the panic I2 which has since been
reduced about 10 cent. The wages are unchanged
but the working time has been reduced oneourth This
lessons the production Of the works about 30 cent
Mr. Bement said that they have enough work on hand
TO last about three months and they expect to receive
enough orders during that time 10 keep them going
much longer They thus consider themselves safe for
the Winter At time last year they had orders ahead
for six or months They have $4,000 worth Of
bod hal wi %
rather stop work. They have had orders delayed by
request 10 the amount OF $4,000, but have had none
countermanded voluntarily They have asked come to
countermand their orders as means Of seprotection,
because they doubted their ability to pay They have
found 1t difficult make coechons-n fact they have
given up trying make them They have had no great
trouble raising money for the payment OF wages as
the banks have helped them out They expect 10 keep
at work the whole Winter, and don't believe that the
whole panic will cost them $4,000 Mr. Bement said
that he looked upon the financial troubles as necessary
shaking down. One OF its benefcen results would be,
that people wonld move more cautiously In business
than heretofore He did MT expect that so much bust
would be done for time in the past but 1t
would be done on solid basis. The wonder
was that had mt trpped up He thought that
the Of high prices and correspondiney high wages
passed. and that would soon be able 10 export
machinery to England, Sweden, Russia and Spain at
profit high prices for labor would not fall In England in
time prevent this Heretofore wages have been so
low IN England that they have depended brute force
America have been compelled to invent
machinery TO take Its place. and now have brought IL to
such state OF perfection as to be able TO compete sue
cessfuiy with England. The men discharged from this
and other represented as totally
t TO get through the Winter without great suffering
They have been cued out from the entire force and
tho most inefficient and shiftless OF the lot. Mr. Bemen
been for the difficulty raising money pay wages
A P. Roberts OF No. 4l4 Wainut-st;. are manutac-
the shops being about six miles from this city: They
orders and have work for s ns
may start again any day though this is uncertain as
s DnS S to- who
works open. Mr.. Roberts said that they half
fed that trade would revive though he did not eI
psny Of No 40 wslnpt.st, and Phanixve Chester
County, are engaged in the manufacture of iron
bridge Os sudns im, pa &G
j. and south E.ssO ton Penn thus sr. firm ~
orders that they tnd IL impossible TO Ali them all
hnsE l So
golfers for the Philadelphia and Reading Railroad for
and Msns
worth Co.. shipbuilders Of Wilmington, Del All
the PS%nin Company are pushing forward their
orders rapidly as possible. They employ 1900 at
various mines which they control They have reduced
wages as follows For pudding 80 cents per ton; all
and not less than q per day cents d per
day. They have not had much trouble in raising
though they were Obliged to buy one LOT OF cur
rency amounting TO t8l 900 at per cent premium The
pay roll for this month will amount to $4,000 The
Phoenix Company are putting up new iron building
for flushing mill 1t will be e28x285 feet-the largest
mill IN the country. 1t will six acres Of ground
and will require 1l0o tons OF slate TO roof It, 1t will con-
tain all the new appliances and modern improvements,
great size will enable the prOprietors to produce
larger and longer sections OF iron than The
strucon Of tho new mill pressed forward, and 1t will
be occupied as soon ia possible.
The headquarters In this city OF some OF the iron
companies whose works at distance have been visited
The President Of the Crane Iron Works ct Catasauqus
IA miles above Allentown. said that TWO OF their four
furnaces Of blast and they intended TO work
the other fo1r all Winter They have 1000 tons OF pig
iron deliver and orders are s coming IN They