New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1873-11-15
POUGUKEEpSIE.

| P0UGHKEEPSIE
| NO SERIOUS RESULTS FROM THE PANIC-LARGE FAC
TORIES INTENDING 10 WORK THROUGH TIE
NEUTRALITY-SUSPICIOUS. IN FORCE IT'D. EXCEr1IoN
TIE BEEwERIEs PROSPEROUS.
| PRos A SPECIAL CORRESPONDENT OF rrE rRIBUSE.I
PoUGHKEEPsIE, Nov. 10--In SO conservative
city this popular sensations make slow progress
and "a might DO expected, tho panic has set fewer
people trembling here than elsewhere. The surround
ing country has farming population which is the least
susceptible 10 the influences OF financial Crisis Ihe
manufacturing interests Of Poughkeepso are not e1-
tensive, but the few establishments that are sit-
uated here represent important Industries are large
and orderly in their appointments do sure business,
and have few bad debts The Poughkeepsie Iron Works
and Fallkin Iron Company, Albert Tower, agent run
four blast furnaces, in which $50 men are employed.
They lso work mines directly and third through
a contractor, all Of which employ over 100 men, The
monthly payroll amounts to $4,000 They were iOrlu-
nate IN making contracts last February, 10 be hled by
monthly shipments during the year, and, although
making no sales and few collections, viii keep tho
furnaces running all events. They have the largest
stock Of and coal that they have ever collected In
single season the cost Of stopping furnace and start
ing again very considerable, and they think there il
little risk In laying in stock of such staple "a pig
IRON Ia the mines IL IL the custom 20 reduce wages
during the Winter months which will OF course he done
now as usual but they have not decided TO make any
may make viii regulate their action.
Adrisnce, Piau Co, manufacturers Of the Buckeye
Mower and Reaper. as is well known, conduct very
business. Their mandatory covers four acres.
aud their grounds have frontage Of 500 feet upon the
river They employ 201 men, melt seven tons OF pig iron,
and complete % TO 30 machines daily. The amount oil
their monthly payroll is sl2O CO., They now manu-
featuring for season, have discovered little falling
Off in Fail sales whichare largely the foreign market
and although it is likely the demands OF the Spring viii
be lighter than usua will not lessen their production
On the LIST Of the month they viii reduce the prices OF
piece about per cent in order make the wages
OF those who work by the piece more nearly proper
tomato to the wages Of those employed by the day.
Then too they have TO compete with tho English and
German manufacturers, who are able TO turn out
machines at lower prices, that while they are willing
pay their labOrers abundany wen, they must also
consult their own interest In The matter
Wiber's Eureka Mower ana Reaper Manufacturing
Company has much smaller capacity, hut still turns
out 200 machines during the year. In the months OF
August and September little work done, ana this year.
ing partly change patterns and partly to panic In
nuences the full will be ut work before De
cen]ber. Only Ia men employed present. The
works will continue running through the Winter. but
wages will be reduced % cents per day. \ short ds.
tance below the Buckeye Works may be found the com
modous buildings Of the Hudson River Iron Company
recently erected cost OF s2OOOOo Tho grounds upon
ingston property, comprising about 30 acres
and have river frontage Of 1000 feet. Work
was begun by this Company two months
ago with 100 men manufacturing railroad iron
THIS number viii not be increased until there ia pros
pect better times. although the buildings are In
tended for 800 wokneD, and IL Is only out Of Difference
to the proportions 81 the panic that the full number
not employed. Since the Company began oper atoms 10
has been engaged In Hing contracts previously made.
and without further sc, 1raes s,S VIII lin be kept UIisy
unless il shoud be possible 10 attribute value 10
manufactured material THIS IS STOCK company win
tc the prosperity Of this city
the foundery and machine works OF A. & T.. Il.
sedowick, which usually anord employment 70 GO men,
nave but 40 slow payments disturb their business
more than lack Of trade, since many orders coming
from New York a. the result OF depressed feeling and
the strikes there. The smaller fouDderes are also
failing. either 10y reducing forces or wages and geper
ally even II old hands ore retained az ull wages, new
ones are paid less. j. q. Warehouses; sboe factory
cupies half acre OF ground and IL nve stories high.
-Four hundred men, women, and children work In the
building. There has been and Will be reduction IN
any form. Trade has been hut slightly affected and
there Will be falling on sufficient 10 check work. Mr..
Whtchouse has Two manufactures In Sew-YOrk City,
each Of which has about the same capacity as the one
The chair factory of NJ. G. Arnold CO. employs $50
pauic upon this branch OF manufacture been that
customers who have eeen IN the habit OF paying cash
wish notes. while those who have formerly
given notes disposed 10 give anything This
trm running on three,fourths time and intend 10
keep their full force at work.
en-. &c. p Peton manufacturers OF oarpeting
and pins employ sbou 70 hands have made no altera-
Winter without any change Their sales Last month
were large for the corresponding mouth last year.
and all payments have been promptly made them thus
far.
shermap Innis, manufacturers Of dysstufs, have
100 employees, with monthly payroll of tjO0o They
report no perceptble dimnutiOn trade and plan
wooden mills discontinue they expect no sales
hut Mr. Inns Of the impression tina, the mills will
very generally shut down work, least will not
lie IDLE many weeks
STREET a lockwood do the largest buisress OF mum.
Der Of carriage manufacturers. and Will soon begin 10
three-fourths time, without reducing wages.
fnanea difficulties orders this season would be- heavy
for this line OF goods. Most Of the CHA OF this Arm
20 TO NewYOrk and the present indications that old
slegns will be repanted rather than purchased
FOR tins Winers There extensive ruanufae-
tories here the number OF men at work In all them
hardly cxceeding@
depressing effects of financial storms They produce
uyurIes the last dispensed with by those who
them and n.when the rich portion Of The people
burened with anxiety aud the laboring cat idle
and all indulge IN liquors quite freely before. The
numerous bicwers here have vet little 10 gr
ole
To sem up the effects Of the panic upon the indufres
OF this eity there Is little depression feeling among
bueiness men, aud little cause for The naLufncturcs
are not such n lely 10 depreciae in yalnG beyond
endurance the anufa tuners. IA being careful
only dang what Is their uniform cnatorp. There IL
place snouid the iucrenscR extent
xen will be iitte proftrateJ ~ this AMI ycy thefT