New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1873-10-29
THE STATE OF BUSINESS.
LOCAL MANUFACTURERS PROSPECTS.

From statements made Yesterday to q
TRIBUNE reporter who visited several manufacturers OF
derent kinds OF goods IL Ia evident that the nnahea
disturbances OF past lkey to bring upon
the workiDgmen OF the city an unusual amount 0f sur
ferlng during tho coming Winter. general spirit OF
caution 10 have taken possession OF manuacur
which leads nearly all OF them 70 run their manu-
factories short time and with diminished force, while
many OF the smaller producers have ceased work al
together
Mr.. Weber piano manufacturer at Fiftlave. and SIX
feminist, Is running his establishment on half time
He says however that this does not indicate the cond
ton OF the piano trade but that 1t IL caused more by his
conservatism discrimination among credit Gus
toners than to any lack Of orders for his wares The
actual falling Off trade attributable directly to TIE
panic he puts at % per cent Mr. Weber thinks
that the present condition of things viii continue into
the Winter aud that dealers throughout the country
well az city manufacturers, viii direct their
Efforts to working of the present stock
than TO looking mp new business that would
necesstate carrying largo amounts OF goods
Although having large stock hand he feels It neces-
sary to retain his wOrkmen at whatever cost, az they
have been gathered together by his special selection
during business experience of 20 years The panic, he
says, in precisely the time to make the most
trouble with the piano trade this Of the year
is the dealers harvest All small manufacturers will
doubtless stop many have already done, but the firms
of more extended reputation must continue, from the
fact that the boundaries OF their field Of trade
beyond the reach OF the present financial disturbance
His German, South American. and Central American "a
well as his California trade has nor been impaired He
thinks the present difficulty will result benehcaly TO
the larger establishments the ground that bad times
usually send customers to well-established houses.
j. f. Hale piano manufacturer at Tentlave and West
Thrtyfh hist, has three establishments, and up TO sat
urday last had been turning out ~ pianos per week. but
at that time concluded 10 discontinue work. and his $50
out OF employment. He has made arrange
by which half Of the force will boput to work again
Monday which number lie intends TO keep at work
during the Winter whatever may be the uanclal situa
ton. siX weeks ago business was going ON 80
finely to justify the recent erection Of large
addition 10 his main factory but he thinks that
according TO present prospects he will not need the
additional for some time 10 come. Although for va
Iious good reasons the piano business viii stand pane
better than auy other branches of trade he believes
that this financial difficulty is to be very serious before
the country is done with il, and that 1t will conse-
qnenly fall heavily upon the piano trade. He men
toned a. the main difficulty In the OF piano manu-
facturers the lack OF ability the part OF credit
customers to meet their obligations and the consequent
uuwtnguess OF makers to extend further credits He
nevertheless believes that manufacturers must do an
almost exclusively credit business II any this Winter,
and that Of business to It's regular channels IS
not be expected than next year at this time
Wood Brothers Co., carriage manufacturers at No.
40 Broadway, report rather gloomy state OF trade
Their business, being mostly local. has felt the none
tary strngeney than that OF firms doing general
business. They estimate the falling of IN their bus
ness az compared with former az GO per cent
In the manufacturing department it has been thought
advisable to curtail expenses but In order that the
workmen should not suffer during the coming Winter
proposttiou has been made them 10y the firm that
they continue work upon nearly full time, with the
proviso that cent Of their wages shall be retained
until spriug. This proposition IL now under considera-
ton by the men, with prospect Of it, being rejected
This firm predict great distress among WofKlhgmeh
during the coming Winter.
r. D,marest & Co, manufacturers OF fine carriages
at Nos 62s aud go Broadway, more cheerful view
OF things They were under the impression at the begin
ming OF this month that business would be very duI ana
30 dismissed their entire force OF wOrkmen but nave
recently been pleasantly disappointed in the amount or
their sales aud intend to the men at work again
SOON This firm have large trade ia South America
and the West Indies, and although they held many
orders from those countries at breaking out OF the
panic deferred shipments in anticipation of having
many OF them countermanded. Such has not been the
case however, and shipments are now going forward as
usual Prices have been somewhat reduced, but at the
reduced figures they enjoying very falr trade
These gentlemen believe that the burden OF the panic
will largely fall upon the workmen, from the fact that
prices have been materially reduced and even those
firms who continue to manufacture will be compelled to
make n corresponding reduction on their pay-rolis.
eteinhart Brothers & Schonlank, cigar manufac-
turcrs at No Veseyst that their business has
very decidedly fallen OFF Nearly all customers seem to
be holding back account OF the uncertainty OF the
money market. aud those who are sending orders are
ordering much smaller quantities. tnin lolmery'
They no indications OF better STATE OF tEs tor
long time large share OF tht ituuclIoh III Iiuo
is due their desire 20 do safe business rather nah
large one and they now reject many orders ron dealers
ordinarily considered good freerrlng 10 Keep no~h
their stock rather than 10 trust II to an uncertain mar
ke they Will IN few days so ppumr of men ont Of
employment, they usually nave ioroe OF from ~ 10
the worbnen OF J. NJ Mora & Co., manufacturers OF
Cuban cigars, az No 81 Waterst, are nov on strike
This firm have $4,000 worth OF cgaIs Un manu- ann
ing necessity for copunuhs VOTE III tno siis
turing department and nevertheless DelnS uhWlling
~ last wears prices about 10 per less than recently
paid. This the workmen refused TO DO. ana they are
now on a strike by order OF " la ff0tectOra cigar
makers Union TO which they belong The firm express
regret the action OF the men, ana assert tha te oHer
was made solely ont OF sympathy for their wOrkmen
Silbermann Heinemann & Co., at whose mandatory
on Tenthaye. ordinarily employed from 200 to 600
manufacture ribbons dress trimming cords tassels,
DC are now running half time with greatly re-
work altogether IN days unless business prospects
brighten. They complain that there diuOst morning
dcins III luelr line' aud 'h"' ""u' NV" '" - lung "
At H. W colleuder. bilard-table and billiard fur.
nishing mandatory, West Thiryttht. the reporter
received more cheerful information. Although Mr. Col
lender expected. month ago. to be compelled 10 smut
falling of in trade OF than 10 per cent has not dis
charged his factory and now thinks that me
ouy change probable the result OF tue panic upon his
business this Winter will be slight reduction in pay
in the number Of hours OF work His local trade has
thus sustained most OF the decrease shipments 10
The Caornia agency aud trade In the West Indie.
south Amsrfca continuing uninterruptedly.
CITY COTTON AND PRINT DEALERS.
GREAT DECREASE OF BUSINESS MANUFACTURERS
STOPPING WORK OR RUNNING on PART TIME.
1t is the opinion of the leading commission
merchants Of this city in cotton fabrics and prints that