Postby dognose » Fri Jun 03, 2016 6:51 am
CHICAGO
Western manufacturers of silverware say that although the output of silver bullion has been increasing every year for a long time, yet the cost of skilled labor in the trade has lately advanced so constantly that the finished product cannot now be turned out at a cost any less than when the visible supply of metal was much smaller and the market price of it much lower. Indirectly many other advanced costs contribute to swell the selling price of silver plate notwithstanding the far larger output of the industry that general prosperity makes necessary. Aside from the growing greater demand for such wares and the consequent increased competition in artistic finish tending to sustain prices in the market, a sales manager, who declined to be quoted, suggested as a further explanation of the strong market, the increased general cost of doing business and the apparent desire of many new purchasers of such wares to have them made as expensively as possible and in support of this view he cited the recent purchase by former Senator W. A. Clark, of Montana, of a silver dinner service from the Spauldings in this city costing $100,000 to make, and he also recalled quite a list of others from the records of the year in the precious metal industries of Chicago.
Though the Spauldings seem to be somewhat expanding their fine silver ware output, the Peacocks seem to be confining their manufactures to a few lines of high-grade gold ornaments, and the W. K. Cowan Company are expanding their various lines to cover almost every grade and class of plate and other products from the precious metals and alloys.
Source: The Metal Industry - January 1911
Trev.