Year: 1873

Alas not even candy has the panic left ne. The
most prominent candy manufacturers state that
trade is very dun, indeed.


confectioner in Cortlandt street said that trade
was very bad. There were scarcely any collections
to be made, and money came in scarcely fast
enough to pay Tor the labor. He employed thirty
men, all Of whom he had puI hall time. The
girls earned on average SC week, and the men
about $40 a week. How largely the trade had
fallen of was particularly manifest ia the retail
trade Qrom the counter, where hss sales had
averaged from $50 TO 1925 day, and now
they amounted to about one-fourth OF that.
So general was the depression that even
the hucksters around the public schools, who sold
Q cents worth OF candy, were complaining that
children had no money with which 10 buy sweet
meats The consumption had fallen of at least
thirty per cent since the panic. He thought there
would be an improvement during the holidays un-
less the stringency in the money market should
grow worse.


Another firm Of Cortlandt street said the trade
was very poor, and that they were not selling
more than haf OF what they sola six weeks ago.
At first they felt the effect OF the panic very little;
but Of late the depression in the trade had become
very marked. Formerly they were working both
days and nights, but now they had ceased working
at night, and reduced their force OF 90
TO 60 hands They had discharged about 80
girls They knew where they were and would
gladly take them back, but they could not AFFORD
TO lay IN a large stock, because the goods were
perlshaoe. TINS was generally the busiest season,
and they expected to 90 in September October
November and December lully as much as during
the remainder OF the year, lie explained the
dulness OF the trade by saying that candy was re-
garded by many as an article OF luxury and in
diminishing their expenses they were apt to ex.
ercse greater economy in the purchase OF sweets
The retail trade was greatly affected: people were
not so much disposed 10 buy, and when they
bought they bought small quantities AS regards
collections, they mad nad some calls for extension
OF credits, but, upon the whole, not many more
than usual Whatever trouble they were to expe.
rience on this score was yet to come.


The decline in sugar had affected the price Of
candy, and pound OF candy that was worth be-
fore the panic thirty cents was s now only worth
but the decline would not affect the retail prices.
They did not expect 70 make any further reduc-
week ION full timej and their girls So a week.


Mr.. Golding OF r. l.. Gilbert X Co., said that the
depression in the candy trade excited considerable
anxiety among all who were interested IN TINS
branch still they were running their full force OF
seventy hands as before, which was owing TO their
very large orders received before the panic.
There WAS reduction OF one cent per
pound In the price OF STICK candy, whcn
was mainly owing to the decline in sugar. Coun-
try Jobbcrs reported that they still had stock on
hand which ought 10 have been disposed or
month ago. They intended TO put their hands on
naii tifne rom next week and that one-half would
work the first three days and the other half the
last three days OF the week. They paid most OF
.ner sn nan hands ron = to 80 week. but even those
mort. collections had generally been good, but
last week they were very slow. Their southern
trade seemed 10 have been more atYected by the
panic than their Western trade.


1rm ln Barclay street SAID they stIll kept their
lul iOrce OF l40 men and 40 girls without re.
ducing their wages or hours OF work Their orders
since The panic nave been smaller, but before the
crash tney were so very large that they had had
they would probably feel the effect OF the GREAT
'crash'' more keenly. The lower price OF sugar