New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1873-11-06
NEWARK MANUFACTURING INTERESTS.


NEWARK MANUFACTURING INTERESTS.
PATENT LEATHER AND sADDLERY HARDWARE MA
KERs DO NOT ANTICIPATE A REACTION UNTIL
NEXT SPRING.
The Hon. George A. Halsey. who was visited
at his residence in Newark by TRIBUNE reporter yes
terlay, stated that there general discharge OF
workmen from the factories and stOppages Of work
that would lead to any serious apprehension concerning
the manufacturing interests Of the city Business SAID
he although not good is certainly fair. and collections
are remarkably good considering the present state OF
monetary affairs while many establishments are run
ming on three quarters and onehaf time are alto
gether closed money been scarce but no failures OF
moment have occurred likely TO occur, ana while
business IN all its branches has been dull there are few
or no stores rent Upon the whole tho inanufactur'
ing interests st Newark being so diverse and varied In
character are especially we'll calculated to sustain
panic his line OF business the manufacturing OF
patent and enameled eather) Mr.. Halsey says that
general disposition not TO accumulate stock prevails,
but employers are nevertheless disposed To adopt such
policy as will make few dismi ssas OF en-
ploy6s as possible All running on onehaf and
threequarters time but there viii Do no reduction IN
either wages Of workmen prices or goods Manuiac-
turers in Newark have generally made money the past
ten years; all have seemed TO be doing cautious Dusi-
ness having gradually changed their business since the
war from three-quarters credit to three-quarters
cash system The banks OF that city no said, had grown
up with the manufacturers and were identified with
their interests combining their transactions to strictly
legitimate home enterprises
In the line Of morocco leather manufacture Messrs
Nusent & Coz who began business IN 1882 have a trade
worth from 100000 70 S7OlO)O per annum They have
made no material reduction in working their force ana
anticipating a fair trade john Young & son, IN me
same line OF manufacture, although exercising due
caution with reference the eXgcnces OF the times.
their observations recently made III the Eastern states
the fact that the market il pretty generally bare,
aud they therefore making due preparation 70 meet
"a large anticipated demand.
In thc saddory hardware line, which u large branch
OF Newark manufacture more depression - apparent
" Van Ness Of Nos. IS and 49, Mechancs does not an
the month lust passed considered the harvest time in
his business, his trade was exceedingly duil falling
recently his force of wOTmeu has been put on short
time aud reduced in number He sees no prospect OF
Wiener & Co. OF No 81 Mcchuui -st manufacturers OF
the various styles of plated saddcry hardware, that
the best OF the yeaT) and they now look TO the usual
February business their nearest prospect OF relief.
Although they have discharged no men, they arc
runuing on threequarter time. and feel that the times
if speedily changed for the better, viii render
Their COLLECTIONS have been exceedingly backward
nearly every day bringing notices OF drafts dsholOred
sDring trade with great confidence. however,
from the fact that sales during the year
hands OF dealers must be very Hight.
s. G. Syurges, son q Co.. general manuiacturerS Of
as their impression That, IN consequence OF the IN
usually light trade Of the whole year past the market
cannot be OyerstOcked and they therefore in
hopes OF a brisk Spring trade. Although business
usually falls Of ia November aud December OF edcn
the dull arrived much earlier this year
duence OF tho panic and "A large failing of was
perienced Thcy ieel, however, that aside from the
present special disturbance in their trade, it is rapidly
returning condition Of heal hfunes5 better
had been enjoyed for the past ~ years. Iron which
before the sold for SO advanced 10 $780, but has
fallen To s95 per tOn plainly Indicating better times
for the saddery hardware Their recent business
has declined - per from that OF year ago, which
fact in connection win the dl uy of chectng cOec
lions has made necessary reduction in their working
force
Wuesthof, Wright & Kuchnhold OF Nos. 303 and 305
NcwJerscy RarOdGdyc., IN the line OF manu-
facture and report the condition OF business except
IN the OF ladies' belt buckles which line OF
goods they have enjoyed unusually good trade. They
running their fll force of hands, hut have limited
working time to 81 hours per week.