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


sTAGNATION OF BUsINEsS-sUsPENsioN OF WORK IN
IRON. LINEN COLLAR, AND PAPER MILLS-AUCH
UNEMPLOYED LABOR.
PROM d SPECIAL CORRESPONDENT OF THE TRIBUNE.l
Troy, Nov 1.-The exact condition Of bust
ness amoGg the manufacturers Is every day becoming
apparent and the prospect anything but latter
iuC. Mr. GTiswold Superintendent of the Rensselaer,
Iron Works was visited to day by your correspondent
Tor the purpose Of learning Of any new developments
in tho affairs Of that Company. Mr. Griswod
stated that there utter staGnatlon OF OuSl-
ness; that there were no sales and prices.
Work was suspended. you have been informed, and
men discharged week or more ago. A proposition
was workmen however, for the sake OF keep
Ing them employed, 10 resume work al reduction OF 10
per price Of labor This the pudders declined TO
do and the offer longer stands open. There large
stock hand that the disadvantage is on the
side OF the workmen The Bessemer Steel Works are
running full time. with $50 men at reduced prices.
Mr.. Griswod regards it as folly on the part
OF the men in any branch OF manufacture
in the present aspect Of affairs to refuse 70 work For
employers are better of just without their work
than with IT, In confirmation OF my statements regard
ius the stove manufacturers. Sweat Quimby Perry
whose sales amount TO $jOOOOO have discharged
half their force and working the remainder on
ha time with little prospect OF continuing even at this
rate much longer. THIS is one of the few firms which
arc accustomed keep up their mOlding through the
Winter H. II. s. Church, another stove hrip, stopped
work tonight Tor n week moro while Lane, Gale &
co. manufacturers OF butts, have also discontinued
work
Another Of tue leading Industries Of this city is the
manufacture OF linen collars and cuffs About S0OO0OO
captal is invested by the IS FIRMS and from 5000 200
women girls employed when times are good"
This term however does not apply to the collar bust
ness at the present writing. Nearly all began to dis
charge their help after the panic set IN Up to the
FIRST OF the sales in most OF these establishments
we're in advance of those of year ago. but during the
past month, the sales, according to the aver
age of the statements Of half the
firms have reached hardly half those
Of October 1872. Business is very Insignificant;
the working force has been reduced to less than
fourth its usual number and none working full time
Nothing done than Is absolutely necessary to fill
Ihrugh the Winter others expect shut down alto
gether within the next TWO weeks while few have to-
day dismissed almost all their girls and are virtually
doing business The majority OF the manufacturers
had large stocks In anticipation OF extensive Fail sales:
but none OF them Overstocked, considering the
usual demand In this business, as IL most other
branches Of manufacture, considerable variety Is
1t is requisite that the producers constantly
larry what times these large stocks.
Tie one encouraging act 10 the c9ilaT is
that the market is not Overstocked Dealers have made
very light purchases and only buy what they must,
and this mostly from inland lObDers 10 Tue maDuIac.
urers mind therefore, appears hardly possible that
depression in this line OF business can be very last
ing Az the present time there are prODaDy 4OO NorK
rug girls who dependent upon the collar factories Of
Intimately connected with the collar business is the
collar manufacture. In comparison this is quite In
considerable but there five manufactures IN which
about hands employed This business Is OF course
deuendeut upon the former The paper collar manufac
ers employ few hands their business Is not so extern
1--WE few years and owing TO the large manu-
factories the larger cities their trade ia mostly in the
country where the panic was more tardy nnts lnhu-
They have, however, experienced TO some degree
tue difficulties Of al-Teduced sales and SLOW
payments $500
lie manufacture Of paper within the corporation OF
Troy, a. not very extensive. There but five paper
mills, and not above $50 men employed. The largest
concern that OrTs Co. This Is old house, and
their statements regarding the business In this section,
and the effect OF the panic upon It, are OF interest, and
wtha reasonable. The trade owing 10 the intro
ducton OF lowpriced paper from Holland aud France,
and the disadvantage OF manufacturers being obliged
import rags from Europe was affected materially
twelve months agO. Previous 10 that time manu-
iacturers were doing well, and making fair
profits; fifteen months most OF them put
steam engines their works. so that they could
when water slack. TDeu they began 10 pack
paper prices began TO fall and wood to be used,
that when the panic came there was large over
stock, and other open but TO lessen the
hand and have discharged all their extra force. They viii
work short time III prices continue
TO decrease tHey will shut down entirely. TIE smaller
mills make different kinds of paper, aud not ali
OF them anticipate beyond making up their present
orders.
NEWARK MANUFACTURING INTERESTS.
cKNFRAL FALLING OFF IN THE JEwELRY MANUFAC-
TURING TRADE-THE MAKERS THREATENED BUT
CHyERPUI-A PHENOMENAL EXHIBIT AT MARION,
Nj.
r. bo mania Dpon tho vovinnc