New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1873-11-04

oversocked The present of things win somewhat
remedy that condition by forcing all manuacturers into
the adoption of more conservative policy. Although
they do not anticipate rapid recovery OF the Jeweiry
manufacturing business from the blow ~ mas Just To
oeyed they nevertheless perceive In tue reduhuano
this years crops and the rapid deVeiopmens Vi INC
natural resources OF the country sure ana saie pain
towards future bealthfulncss In trade They had
begun 70 rally somewhat from the nrst shocK OF
the manic and we're about to put on additional
wormen in anticipation OF orders for the holiday trade,
but the recent failures among great manufacturing in
teress has again unsettled the iowelry market by re-
yeang state OF financial weakness entirely unlocked
for and which ust inevitably oppose the production OF
uxuries. Orders from travelling statesmen are very
nrequeDt and the large obbers and retailers seem TO
be making effort to reduce old stock rather than to
keep up with the styles. They do not look for re-
turn TO the Oldme prosperity sooner than Spring. ana
possibly not until another year Mt this time.
Enos Richardson & Co. are manufacturers OF fine jew
elry gold CHAINS &c. in Greene and COumbiasts.. en-
poying in ordinary times 400 hands, which Is now re-
ducCd 70 $50 hands, Although further reduction In
number Of hands Is contemplated they report business
as being extremely dun, with no signs OF Immediate
amendment. Tho three months before the holidays Is
the manufacturing Jewellers best season. ana the com
ing OF the panic has literally blasted harvest "nlcn
promised to yield ahundanty AT the close OF the late
war a great demand for cheaper grades OF so1 os
in this line OF manufacture sprung up at the
South and manufacturing jewelers. 'neu eneei tS
upon season osr Stura gsxe rise to strenuous
efforts part of Old firms 70 meet the 1enau, an
also ENCOURAGED the establishment OF new
leading IN snarp competition and Oyerst0ckng OF
the market which would In any event nave uIvuSsns
obopt serious nkage In values this year; and had
th manic NOT come AZ this the manufacturing Dns
ness would have nevertheless seriously impaired.
There is a cOmpensatng result however, IN inc eneSs
of the present financial condition, inasmuch as the
tendency OF it is upon the whole iaVoraoie ~ S
stantial concerns through the wecdng-0ut influence
that must necessarily prevail among less legitimate
This firm have jobbing correspondents In many cities
throughout the country, and employ large number Oh
travelling statesmen all of whom ten the same sorf c
corning the dcarth of orders and slackness IN raue
Large jobbers advise that manufacture DC dlsoOnlnuea
for the present. as they nave more lnah s 4 % 70
for their prospective Winter trade Inc IDEA seems 10
prevail generally among retailers that tne eAItoh.ies
the tunes Will not permit any consise 1 az rv
u things so essentially matter OF luxury ~ Iiy
They predict immediate blghtenlng OF business
prospects and intend for the present TO nanuacsS 40
few Goods Will be consistent win the polcy VI To
tanning their most slullful wOTkmen. -, -. -,
Durand & Co. OF Nos 40 and 81 Fankin-st. employ no
drummers but devote their attention eAesVey 20
the Manufacture of fine Jewelry 10 ORDER lIcy oIu
narll employ 10 nans od' , mr. V Tb have mo large
orders hand and do not anticipate having mucn Ous
ness the financial storm having also swept
away their usual holiday nFvest. Al p d bc r1rE
however, Is put upon matters Dy me nrn anu INC
generally accepting the situation with degree
Of cheerluness which indicates their DeeI III SPECIFY
return Of trade its ordinary channels Dong business
exclusively order enables TINS nrl 10 Keep Close
upon the market and the panic does nov n1oc ~
work great nconvenlenco except III 6nc matter ol
back to Black Friday" as the beginning Oh decline me
which has eliminated In the present sagnatOn OF the
iewelry manufacturing business. That financial aus
aser was followed by the Chicago fire. later the Boston
fire. and still later the Walst. disruption, which several
disasters they look upon landmarks indicating special
periods Of decline In the formerly almost universal d
mand for expensive articles IN their line OF business.
return of business former channels is matter whch
they consider wholly dependent upon the return Oh tue
country generally the conditions Of prosperity WHICH,
preceded the past two years. -
The works Of the United States Watch Company OF
Marion were also visited. Their business exhibit ~
somewhat phenomenal when compared Win that OF
other lines OF manufacture The hard tunes, so lar Us
this COmpanys trade concerned were confined 10 the
months OF March and April last, since which mo tney
have Deen doing constantly increasing business An
apparent falling off in demand for their goods at that
time induced them TO appoint their usual SUMMER Vaca
on few weeks earlier than usual, ana also indlcateu
that the wisest would be 10 enter upon theif
usual resumption OF work IN August with reduced
force. They accordingly began, August l. with
90 hands - One-haf their ordinary complement.
orders have constantly increased, however, anu they
have beer adding their force from time 10 ue anu
will soon be up to the maximum number Inc panic
proper seems 10 have had no particular enect except
In Inc matter OF collections, in which particular they
have reason Join the general expression 81 compliant
which now prevails. This company manufacture over
one hundred grades and styles of watches, ana they
assert that in particular grades the ORDER on
hand largely in of their capacity 10 produce
In recent cases premium over scale prices
has been offered by jObbers ia the hope OIL securing
precedence for their orders.