New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1873-11-01
their business but said they running exactly
usual they had made reduction In time numbers
wages, and had plenty of orders to keep them busy
NEWARK MANUFACTURING INTERESTS.

NhSetf anu nau plenty OF orders 10 Keep tnom BUSY
-
NEWARK MANUFACTURING INTERESTS.
FALLING OFF IN THE COTTON THREAD TRADE-A
SATISFACTORY SPRING BUSINESS ANTICIPATED
THE IRON MANUFACTURERS HOPEFUL.
In continuation of the inquiry as to the eff
feets OF the present financial situation upon the
featuring interests Of Newark. TRIBUNE reporter yes
terday visited several welknown establishments in
that city. The Clark Thread Company, makers OF the
=" o. n T." spool cotton founded by the Clark Bros
Of Paisley, Scotland, about years ago.
came an Incorporated stock company, however, is
now emphatcally an American enterprise, run by
American stockholders, and doing almost exclusively
American trade. This Company employs 1850
hands, with 6OO)O spindes and running their works
on full time Although they have recently experienced
large falling of in business, they intend TO make
ductiOn In their working force than January
!, at which time, If business does not brighten IN the
me they will stop work until orders for goods
will warrant resumption OF production They do not
anticipate any such contingency, however, as theY
argue that when the present conservative feeling among
jobbers has had time subsde the necessity OF supply
ing staple article thread Will force itself upon
them Upon the whole, they believe that times OF gen
era disruption Of among manufactures is nat
uray calculated the consumption OF thread
that large numbers OF women, being then
of work by the svOppage or factories, are
driven TO the necessity OF resOrug to needework Tor
support. Although no opinion was as I" 'hO
duration of the present depression in the thread mar
ket the Company feel entirely confident of large and
satisfactory Spring trade
At the Hewes g. Phillips Iron Works, at Orange and
Ogdeu-sts., where ordinarily $50 employed in
the manufacture Of steam engines and general ma
chinery. only 100 men at work, three
quarters time, with reduced pay. The business at
present is merely the finishing of work in hand and
should there DO orders offering, still further
reduction in the working force may be expected. Mr.
Phillips Of this firm by means apprehensiye,
however that this condition OF things would continue
for any great length time. He has been in business
20 years. and gives 1t the result OF his observations
made in the especially dull OF 1851 1884, 1857 and
1900 after the LIST of January in each year business
materially increased and he predicts that snch VIII DC
the present instance Speaking generally as
TO the manufacturing in this country
he is entirely hopeful. Two ago Newark imported
$4,000 worth machinery at fair but this year
the table has turned and Newark has shipped machn
cry England, and Will IN future continue TO do 50 at
an increasing ratio profit Since he has been in busl
ness price Of Scotch iron has advanced from SIS to
$50 per ton, and equally good American iron can
now be purchased ST. per ton less. the importation
of machinery into this country he Thinks, has become
thing the past and predicts that exports will rapidly
increase. Another why old and permanent es
Adjustments may not be apprehensve Of future dearth
that nearly all of the numerous
enterprises which sprang 10 meet the necessities Of
the late war have been Discontinued and the machine
making business is rapidly returning TO normal con-
dItiOD.
At the Passac Machine Works, at Passac and Ogden
ss where general machlulsts business Is carried on,
and large specially Is made OF the manufacture OF
ugarbolng pans for the Cuban market, l25 men are
usually employ ed, but that force has been largely re-
duced of late aud there prospect OF still further re-
duCtOn next week Local business nat and the cuban
specially Is in somewhat uncertain condition. Tor the
that Cuban rebellion has driven much of the
movable capital Of that country into foreign banks
especially those Of the United States where in many
cases IL VIII available for time, ana it Is
duced, and III some cases cOunermauded. Local bus
crippled for the that the monetary enDar
rassment has come IN time OF year when new manu-
featuring enterprises usually embarked IN and ma
chiuery ordered for in the Spring; consequently |
nothing that line may be expected this season.
fair OF the condition OF the numerous
manufacturers or patent ana enaneled leather which
branch of manufacture is largely carried on IN Newark
facts obtained at the establishment OF Il Ward
CO.. Nos. "a TO 48 Sprngst., may he taken. Seventy
usually employed here 10 per cent OF whom !
have been lately discharged and further reduction
Will soon maOe, Is the intention OF this ilrm to
stop when they shall have exhausted their
stock OF material, and they also intend 10 make
purchases Of stock until the basis OF values has
become well settled Tney declare IL to be not sques
ton OF time with them 10 when they shall again
commence manufacturing, but question 10 |
inevitable. and they also think that the true policy
adjust manufacture very closely 10 orders Their
falling of In sales is about equally divided among
rage Lrlmmers uphOsterers ana harness makers, which
fact leads them INFER that the present sagnatOn IN
falls equally those branches OF in
dustry. AT the office OF ths firm the reporter met MI
Hill of the firm OF JAS X. Hill & Co. Of Concord, y. H., |
does business the haTnessnaklng trade,
aud China He reports no falling of in their foreign
trade and in their California Trade but estimates
in business Of fully 50 per Their estD-
lishment is cOuse quentIy running On snort time.