New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1873-10-31
JEWELRY AND sILyERWARE.
VIEWS or MANUFACTURERS AND DEALERS IN JEW
ELRY, SILVER AND PLATED WARE AND WATCHES
-GREAr REDUCTION IN DEMAND AND PRODUC-

VIEWS OF MANUFACTURERS AND DEALERS IN JEW
ELRY SILVER AND PLATED WARE AND WATCHES
GREAT REDUCTION IN DEMAND AND PR0DUC-
TON.
The Investigations of a TRIBUNE reporter
into various industries resulted In his finding
a more hopeful feeling IN regard 10 tho prospects OF
trade In tho future.
Tiffany & Co., dealers IN diamonds and Jewelry at
Unonsquaro and Ffteenthst say that so far as their
retail business Is concerned 1t Is just about the
last year at this time but they apprehend that there
will be falling of in trade curing November and De-
cember except In that which belongs Immediately TO
the holidays There has. the whole been reduction
in their business because heretofore 1t has had steady
growth from year to year. while Of late compared
TO last year, no progress has been made. One
reason why they have not felt positive depression
thus far that their whole Fall trade has been with
out-oftown dealers but from this time through the
holidays their business will be mostly In the city, and
will probably feel the monetary srugency more or less
Collections are easy last year. Most Of the
manufacturers have about the usual stocks on hand
Nearly all have either discharged portion OF their
hands or are working them GU short time. Tiffany
Co. have essened their force but have reduced the
time one-third Manufacturers they say, are anxious to
sell, and consequently goods are cheaper than
they have been before IN the last ten years.
In their own establishment they have been
reducing prices to meet what they believe
10 be reduction in values The importatons OF fancy
goods are much lighter this year than heretofore The
goods which feel the financial depression TO the greatest
extent those Of American manufacture which have
been made with hIghpriced labor and these the manu-
acurers are xous SELL not only because they need
the money but because they think they reproduce
the goods As to future prospects they feel
sangune that by next Spring trade VIII nave Iuly re
covered from It's temporary depression.
Ball Black & Co, at Broadway and Prince-st., who
are closing out their ewelry business and have reduced
their stock from 100000 TO s5D 90 since the death OF
one OF the lrm say they discover no falling of In
trade from that OF former years They have no trouble
in collections az their business was mostly with the
weather classes who do not feel the immediate effects
OF q crisis like this They think there is just good
chance for business ever since there Is
nous wealth In the country, and people only want a
little time 10 recover FROM their scare.
Randel d Baremore. at No. o. Nassau-st., dealers IN
diamond ewelry, report that their trade has fallen OF
one-auarter from that Of last year at this time and
think the present depression will continue TO the end Of
the year except what may be realized from the sale OF
holiday goods They have reduced the time Of their
poyes onequarter They say that their goods coming
the head OF positive luIures. are probably more
affected any other This ia the FIRST time since 1851
that they kept their hands fully employed all
the year round Now they disposed to give out all
the work they can TO help keep the laboEng classes
along.
smith & Hedges, dealers In jewery at No. Maiden
lane regard their trade fully good rs last up
to sept. october there falling OF from
the month year ago OF IS per cent. Collections
are SLOW many Of their customers asking for extensions
They regard the present state OF affairs salutary Ia
It's effects upon the westera Dealers in compelling them
TO reduce their stocks Tic diamond business they say
depends upon the wealthy class who are not much
subjected TO the risks Of business, and that the retail
dealers In their goods will be among the first to realize
the revival In trade. Six weeks they reduced their
force one-ha but will make further reduction. On
the contrary, they look fair holiday trade, which
may necessltate taking additional help.
Joseph WienhOld, manufacturer OF diamond jewelry
at No 100 broadway, usually employs 10 men. but
recently reduced the number 0neshird. lilo anticipates