The Snippet - Past News of the Silver Trade

For information you'd like to share - Post it here - not for questions
dognose
Site Admin
Posts: 65147
Joined: Thu Dec 29, 2005 12:53 pm
Location: England

Re: The Daily Snippet - Past News of the Silver Trade

Post by dognose »

MULHOLLAND BROS. - AURORA SILVER PLATE Co.

Illinois


It was made known last week that Mulholland Bros., who formerly were located at Evanston, Ill., had recently purchased the business interests and plant of the Aurora Silver Plate Co. at Aurora, Ill., and will move to that city to carry on operations of the plant. T. H. White, sales manager of Mulholland Bros., was formerly associated with the International Silver Co.

Source: The Jewelers' Circular - 18th August 1920

Trev.
dognose
Site Admin
Posts: 65147
Joined: Thu Dec 29, 2005 12:53 pm
Location: England

Re: The Daily Snippet - Past News of the Silver Trade

Post by dognose »

A CLOSE SHAVE!

Toronto


Almost a Fatal Accident. — Mr. John Donaldson, Accountant, formerly with John Zimmerman & Co., of Toronto, met with what might have been a fatal accident a few days ago. The gas jet inside of the vault in his office leaked, and on Mr. Donaldson trying to light it, the gas, which filled the whole vault, exploded, knocking him down and burning him very severely about the face and hands. We are glad to state that he is now almost recovered, and beyond the marks of a big singeing, looks kind of natural again.

Source: The Trader - August 1885

Trev.
dognose
Site Admin
Posts: 65147
Joined: Thu Dec 29, 2005 12:53 pm
Location: England

Re: The Daily Snippet - Past News of the Silver Trade

Post by dognose »

ILLEGAL HANDLING OF GOLD AND SILVER

Birmingham

(From Our British Correspondent.)

Several matters of interest were dealt with in the annual report of the Birmingham Jewelers’ and Silversmiths’ Association, which has recently been issued. Attention is called to the fact that during the year gold and silver of the estimated value of between £8,000 and £10,000 was offered for sale by suspicious persons in Birmingham and District. The matter is difficult to deal with, the report points out, under the existing laws, as suspected persons cannot be called upon to account for their possession of gold and silver, and it is feared that until adequate alterations in the laws have been made the evil will continue to grow. A bullion bill has been drafted, the main objection of which is to deal effectually with this matter, and it is hoped the bill if it becomes law will have the desired effect.

With regard to the above item in the report it is rather curious that Birmingham is unfavorably situated as compared with London and Manchester, to both of which cities an unlawful possession act has been made to apply, giving the police power in all suspected cases to call upon the suspects to give a full account of how they became possessed of the gold to which the suspicion attaches. No such power exists in Birmingham. As a matter of fact, all the gold and silver referred to in the report was disposed of to refiners and bullion dealers in a perfectly open manner.

The ways of these illicit dealers are decidedly curious. For example, jewelers in a small way of business whose purchases of gold do not amount to more than £20 a week are in the habit of selling that amount of “scrap” to the refiners about every fortnight. In such a case it is perfectly clear that the scrap in the ordinary way would not reach this amount and that other supplies of gold are being received. Of course, under present circumstances neither the police nor the refiners can act upon mere suspicion.

The ways of illicit melting have considerably changed since the old days when receivers of stolen gold and silver kept a “hot pot” or muffle going, into which the metal was dropped and quickly melted. The modern method, where a man is dealing with a gold chain, is to obtain a large piece of pumice stone, scoop out a hole, lay in the chain and cover it with borax powder. Then with the aid of a gas light and a blow pipe he can reduce the chain to a solid lump of gold in a few minutes, thus rendering the metal impossible of identification and at the same time salable to a jeweler or refiner.

Another matter dealt with by the report is the somewhat careless manner in which workmen are engaged without inquiry from their former employers. During the year several instances, it is said, have occurred in which workmen discharged under suspicious circumstances or who had left because they were too closely watched had been taken on without reference to former employers.

The committee have had under consideration the question of taking action against manufacturers, factors or shopkeepers selling electro-gilt goods marked “rolled gold.” But while they considered the sale of such goods constitutes a fraud the information received had not been sufficiently definite to justify action being taken.


Source: The Metal Industry - August 1907

Trev.
dognose
Site Admin
Posts: 65147
Joined: Thu Dec 29, 2005 12:53 pm
Location: England

Re: The Daily Snippet - Past News of the Silver Trade

Post by dognose »

GOLD SCARCE IN CANADA

Toronto


Canadian Jewelers Permitted by Government to Obtain Gold in the United States

Toronto, Can., Aug. 1, 1919.—In compliance with strong representations by the manufacturing jewelers to the Minister of Finance, the Canadian Government has decided to permit the jewelers to secure gold bullion from Ottawa for a period of three months, provided they purchase it at the prices ruling in the United States.

It was reported here that gold is selling at a premium in the United States.

Canadian jewelry manufacturers are faced with a serious situation owing to an order recently issued by the Canadian government to the effect that no more gold bullion is to be supplied from Ottawa for industrial purposes at present. The jewelers, as a rule, do not carry large supplies of gold on hand, working on a hand-to-mouth basis, and obtaining gold from the mint at Ottawa as required.

P. W. Ellis, of P. W. Ellis & Co., says, "The situation is a very serious one and unless an ample supply of gold is forthcoming the prospects are gloomy for some weeks to come. The supply of gold in Toronto today is only a few hundred ounces, which will only keep the plants in operation for a few days."

The situation has arisen on account of the Porcupine mines getting a higher price for their bullion in New York than in Ottawa, owing to the 5 per cent premium, and the Finance Minister has taken the action complained of to prevent the depletion of the supply on hand at the mint. South African gold is selling in New York at a premium of 10 per cent over the prices quoted in Toronto and if the government supply were allowed to go out to the jewelers it would have to be replaced at an increased price.

The jewelers have taken large orders for Fall delivery and if compelled to purchase gold at an increased price heavy losses will be entailed.


Source: The Jewelers' Circular - 6th August 1919

Trev.
dognose
Site Admin
Posts: 65147
Joined: Thu Dec 29, 2005 12:53 pm
Location: England

Re: The Daily Snippet - Past News of the Silver Trade

Post by dognose »

LANDERS, FRARY & CLARK - MERIDEN CUTLERY Co.

Meriden, Connecticut


Landers, Frary & Clark, New Britain. Conn., have purchased the plant of the Meriden Cutlery Co., Meriden, Conn., which was incorporated in 1856, is capitalized at $400,000 and was the first concern in the country to make table cutlery. The new owners will use the plant, which will be enlarged, to manufacture war material and will increase the working force.

Source: The Metal Record and Electroplater - August 1918

Trev.
dognose
Site Admin
Posts: 65147
Joined: Thu Dec 29, 2005 12:53 pm
Location: England

Re: The Daily Snippet - Past News of the Silver Trade

Post by dognose »

ALDGATE JEWELLERY MARKET

London


Sunday Jewel Mart in London

London, May 10.—Sunday mornings jewel dealers of East London congregate in Aldgate and buy and sell jewelry of all kinds. It is known as the "Sunday jewel mart" and is usually attended by shrewd men from Scotland Yard who are enabled to lay their hands on many a "wanted" person. Jewel thieves in particular who find difficulty in disposing of their ill-gotten stuff through the ordinary channels can sometimes dispose of it at the "jewel mart," which is visited by the public out for the purchase of jewels. A London magistrate was surprised to learn of the existence of the "mart" the other day. He had a man before him who was accused by the police of attempting to sell a half-hoop diamond ring for £50. The prisoner said he found it. The magistrate informed him sadly that "findings were not keepings." He thought that the Sunday jewel mart ought to be closed since it provided temptation for dishonest folks who saw a safe way to dispose of their "spoils" to the public.


Source: The Jewelers' Circular - 25th May 1921

Trev.
dognose
Site Admin
Posts: 65147
Joined: Thu Dec 29, 2005 12:53 pm
Location: England

Re: The Daily Snippet - Past News of the Silver Trade

Post by dognose »

INLAND REVENUE PROSECUTION

London


Recently Messrs. Pickford and Wright, jewellers, 178, Upper Street, Islington, were summoned for dealing in plate without a proper licence.

Mr. H. Powell, barrister, who prosecuted on behalf of the Inland Revenue Department, said it would be proved that the defendants sold a gold chain weighing more than 2oz., having a licence to sell only up to that weight. The officer who bought the chain received at the same time a notice to the following effect : " It having been decided in the Court of Exchequer by Chief Baron Cleasby that a jeweller cannot sell over 2oz. of gold with a 40s. licence, take notice that this article is sold as an 18-carat chain : that is, three parts of it are gold, and one part copper, and it can be purchased as a copper and gold chain or a gold and copper chain at the option of the buyer. (Signed), T. Pickford." The chain in question consisted, as shown by the Hall-mark, of 18dwt. of gold to 10dwt. of copper, and the gross weight was 2oz. 9 dwt. This case was almost on fours with that of " Young v. Cooke," the only difference being that in this case the officer had notice that the chain he was buying was an alloy of gold and copper. The point to which he had referred would, he thought, be met by the words of the Lord Chief Baron, who held that the gold must be considered to be the gold of commerce, an opinion in which he was supported by his brother Cleasby.

For the defence, Mr. Thomas Pickford Wright, one of the firm, and Alfred Harvey, the assistant, were called, who both deposed that the chain was not sold as a gold chain, but as described in the invoice, simply as a chain.

His Worship said this case was clearly defended in order that it might be ascertained whether there was any way out of the case of " Young v. Cooke," but not having had an opportunity of reading that case, he would adjourn his decision for four weeks.


Source: The Watchmaker, Jeweller and Silversmith - 5th April 1878

Trev.
dognose
Site Admin
Posts: 65147
Joined: Thu Dec 29, 2005 12:53 pm
Location: England

Re: The Daily Snippet - Past News of the Silver Trade

Post by dognose »

NEW PARTNERSHIP

New York


J. Menczer has formed a partnership with Samuel Kalina, who was formerly shop superintendent and designer for Chas. P. Goldsmith & Co. They will manufacture platinum jewelry at 112 W. 42d St., New York.

Source: The Metal Record and Electroplater - October 1917

Trev.
dognose
Site Admin
Posts: 65147
Joined: Thu Dec 29, 2005 12:53 pm
Location: England

Re: The Daily Snippet - Past News of the Silver Trade

Post by dognose »

HEAVY LOSS BY FIRE

Providence, Rhode Island


The Manufacturers’ Building at Providence, R. I., which is one of the largest industrial buildings in New England, and is occupied by about 30 manufacturing jewelers, was damaged by fire to the amount of about $300,000 January 14, the loss being sustained chiefly by the tenants.

Source: The Iron Age - 29th January 1914

Trev.
dognose
Site Admin
Posts: 65147
Joined: Thu Dec 29, 2005 12:53 pm
Location: England

Re: The Daily Snippet - Past News of the Silver Trade

Post by dognose »

JACOB S. HECKER

Hartford Sterling Co., Philadelphia


J. S Hecker, treasurer of the Hartford Sterling Co.. Philadelphia. Pa., has tendered his resignation on account of failing health. Mr. Hecker is one of the "old guard," having been in harness since before the Centennial Exposition. After serving an old-time apprenticeship, he started in business as a member of Hecker & Longacre. manufacturing white metal hollow-ware. After the dissolution of this partnership he was for a time in business for himself, but he later associated himself with the Hartford Sterling Co., later becoming treasurer and manager. After many years in this position, a bad attack of influenza so undermined his health that he felt himself not equal to the strain and therefore decided to relinquish his position in order to conserve his strength.

Source: The Jewelers' Circular - 4th February 1920

Trev.
dognose
Site Admin
Posts: 65147
Joined: Thu Dec 29, 2005 12:53 pm
Location: England

Re: The Daily Snippet - Past News of the Silver Trade

Post by dognose »

SEIZURES BY THE BOLSHEVIKS

Petrograd


According to information received by the State Department April 3, all jewelry and other articles of gold manufacture found in the course of a search of practically all houses in Petrograd during the past week were appropriated by the Bolshevik authorities of that city for the purpose of providing compensation to the Bolshevik commissars and other prominent men in that regime. The confiscation of valuable articles in this authorized raid of homes in the old Russian capital was so general that it was referred to in Petrograd as "Golden Week." While the wholesale confiscation was in progress under the directions of the Bolshevik regime, guards stationed by them encircled the city. For the purpose of stopping communication between Finland and Soviet Russia, the Bolshevist regime made plans for moving all residents of that portion of Soviet territory which parallels the Russian-Finnish border. In the Pskoff region, which is between Petrograd and Riga, and at Glazov. which is between Viatka and Perm on the Trans-Siberian railroad, workshops are running on a ten-hour basis by the order of the Bolshevist regime.

Source: The Jewelers' Circular - 14th April 1920

Trev.
dognose
Site Admin
Posts: 65147
Joined: Thu Dec 29, 2005 12:53 pm
Location: England

Re: The Daily Snippet - Past News of the Silver Trade

Post by dognose »

INCREASED PRICES OF SILVERWARE

United States


An important announcement to the retail trade gives notice of advances in the price of sterling silver hollow-ware and flatware, of from 10 to 15 per cent. The recent heavy increase in the price of silver, together with increased costs of production and materials have made this advance necessary.

The price of silver has increased rapidly during the last few weeks. Predictions are made that its price will rise to 75c. or $1.00 per oz. in the near future, which will lead to the pumping up of many abandoned mines and putting them on a paying basis.


Source: Metal Record and Electroplater - April 1916

Trev.
dognose
Site Admin
Posts: 65147
Joined: Thu Dec 29, 2005 12:53 pm
Location: England

Re: The Daily Snippet - Past News of the Silver Trade

Post by dognose »

KNIGHT GRAND CROSS AWARDED

Sheffield


English Master Cutler Honored

Amongst the new year honors, that of the Order of the British Empire has this time a special interest for British cutlers. This Order is mainly confined to war workers in the British Isles. In a sense it may be regarded as devoted to civilians—women as well as men—who are rendering conspicuous services to the State. The description of the service is not always complete. Take, for example, the Sheffield case. W. H. Ellis, who becomes Knight Grand Cross, has been Master Cutler longer than any other man in the history of the British Cutlers' Co., but that is not why he has been honored. His Knighthood is a recognition of his services on the local Munitions' Committee, his work in organizing the supply of razors for the Army, and for valuable assistance in a variety of directions. The Master Cutlers' Knighthood has been accepted as a special compliment to Sheffield. Just a year ago his brother, Sir Charles Ellis, was Knighted for his work at the Ordnance Department.


Source: The American Cutler - April 1918

Trev.
dognose
Site Admin
Posts: 65147
Joined: Thu Dec 29, 2005 12:53 pm
Location: England

Re: The Daily Snippet - Past News of the Silver Trade

Post by dognose »

THE ENGRAVING TOOK TWO YEARS

Washington


Representative White, of Illinois, wears on his little finger of the left hand a seal ring whose historic interest far surpasses the intrinsic value of the jewel, although it is probably the finest intaglio in Washington. It is a plain, unostentatious hyacinth, bearing the classic head of Antoninus Pius, ruler of Rome from 138 to 161, and was cut and worn by the great Roman philosopher and emperor 1,700 years ago. Mr. White secured it during his sojourn in Italy, paying 3,000 francs for it, or about $600 in American money. It had a Roman setting of great antiquity. Mr. White took the ring to Tiffany’s, in Paris, and ordered the stone to be set in a plain gold band. The great jewelry firm specified that it would do so only at the owner’s risk, on account of the incalculable value of the stone.

The head is engraved in a pure hyacinth, which, when held to the light, is perfectly translucent, and gives out a remarkable play of colors. The engraving is perfect, and leading lapidaries have assured Mr. White that it required two years to complete the head in its perfected details.


Source: Washington Post - February 1896

Trev.
dognose
Site Admin
Posts: 65147
Joined: Thu Dec 29, 2005 12:53 pm
Location: England

Re: The Daily Snippet - Past News of the Silver Trade

Post by dognose »

REORGANISATION OF THE POOLE SILVER Co.

Taunton, Massachusetts


Poole Silver Co., Taunton, Mass., Reorganized Owing to Death of George Poole

Taunton, Mass., Feb. 6.—The Poole Silver Co. has been reorganized by the following election: President and treasurer, Willard W. Lemaire; clerk, Mrs. Minnie L. Poole; directors, the above and Louis Bousiere. This was made necessary by the death of George Poole, head of the concern, who was recently shot by his son, the latter alleging the defence of his mother as a motive for his act. The policy and general conduct of the business will be as in the past, the remaining stockholders continuing in charge.

Some friction was caused last week when Mr. Bousiere, taking his daughter as stenographer, tried to see the books. Counsel for other stockholders locked him in the room with the accounts, and when he later endeavored to take a book away with him, objection was made. Appeal was made to the police, and an amicable and satisfactory adjustment quickly reached, as soon as each understood the other’s attitude and intentions.


Source: The Jewelers' Circular - 6th February 1907

Trev.
dognose
Site Admin
Posts: 65147
Joined: Thu Dec 29, 2005 12:53 pm
Location: England

Re: The Daily Snippet - Past News of the Silver Trade

Post by dognose »

THE MARKING OF GOLD CHAINS

Birmingham


Our readers may have observed that the assay and marking of gold chains have been the subject of some correspondence in our London Contemporaries, and that it has recently engaged the attention of the Goldsmiths' Company. The subject was lately brought before the guardians of the Birmingham Assay Office, when the following resolution was adopted. This is a matter of importance, not only to the trade, but to the public, as the practice explained in this resolution will enable purchasers of gold chains to judge for themselves whether the chains offered for sale are of the right quality. The resolution is as follows:— "That the guardians see no reason for departing from the present practice of the Birmingham Assay Office in the assaying and marking of gold chains, namely, to assay only such gold chains as are of such fashion and make as to allow of their being satisfactorily assayed and marked on every link; the bars, the swivels, and the links are assayed separately, and the standard mark is struck upon every link as well as upon the bar and swivel."

Source: The Birmingham Post - March 1869

Trev.
dognose
Site Admin
Posts: 65147
Joined: Thu Dec 29, 2005 12:53 pm
Location: England

Re: The Daily Snippet - Past News of the Silver Trade

Post by dognose »

FIRE AT TAUNTON SILVERWARE FACTORY

Taunton, Massachusetts


The Bennett Silver Co., of Taunton, Mass., recently suffered damage to the extent of $.3,500 by a fire the origin of which is unknown.

Source: The Jewelers' Circular - 23rd August 1911

Trev.
dognose
Site Admin
Posts: 65147
Joined: Thu Dec 29, 2005 12:53 pm
Location: England

Re: The Daily Snippet - Past News of the Silver Trade

Post by dognose »

A CHINESE JEWELLER'S MARRIAGE

Vancouver, Canada


Through the efforts of the local authorities, a charming little Chinese romance which was aired in the local courts had a happy sequel, when Miss Quoy Shee of Hongkong and Won Way, a Chinese jeweler of Vancouver, were quietly married in the immigration office. The young Chinese lady was at first refused admission into Canada, as she had failed to bring with her the written consent of her parents in China to her marriage with Wong Way.

Source: The Trader - September 1920

Trev.
dognose
Site Admin
Posts: 65147
Joined: Thu Dec 29, 2005 12:53 pm
Location: England

Re: The Daily Snippet - Past News of the Silver Trade

Post by dognose »

HUGE FIRE DESTROYS JEWELERS' PREMISES

Cincinnati


The Cincinnati Fire

Duhme Bros. & Co. and Richter & Phillips Among the Heaviest Sufferers


Cincinnati, O., Feb. 27.—One of the most disastrous fires that ever visited this city occurred Wednesday, midnight, ruined five large buildings and did damage to several others. The fire broke out in the basement of the Pike Opera House about 1 a. m. and before it was extinguished the buildings which cover half the square bounded by Vine, 4th, Walnut and 3d Sts., were burned to the ground. The loss is estimated roughly at $2,000,000 and over 200 tenants of these buildings were affected.

Among the worst sufferers of the fire are the Duhme Bros. & Co., who occupied the first floor and basement of the Harrison building, which adjoined the Pike building on the east. This concern’s quarters were completely gutted and the loss is estimated by Herman Duhme at more than $40,000.

During the fire in the Pike building, when it became evident that the Harrison building must also be destroyed, work was immediately commenced at removing from the jewelry store silverware, bric-a-brac and other articles that were in the wall cases. About one wagon load was carted away when the heat became so intense that further attempts to save the stock had to be abandoned. Diamonds and other small stock of value were locked in the safe, and these, it is hoped, are unaffected. The safes cannot be recovered for some time, as the firemen are still pouring water into the ruins, and no attempt can be made to take the safes out until after the walls of the building, still standing, have been taken down.

Duhme Bros. & Co. were insured for $55,000 and in the 66 years in which they and their predecessors have been in business this is their first fire. The business is now temporarily located in the St. Paul building and will remain there for the present.

In the Seasongood building, at the west side of the Pike building, Richter & Phillips occupied two floors, and they are also among the heavy sufferers. The damage to their business, however, is principally by water, as the building was not gutted. They succeeded in getting out a number of trunks containing goods, and their safes, with the contents, are in good condition. The stock in the store and fixtures are completely ruined. Richter & Phillips place their loss at $12,000 and are insured for about $18,000. They have secured two floors at 5th and Vine Sts., into which they will remove their stock and begin business at once.

The stores of Fox Bros. & Co., the Gustav Fox Co. and A. & J. Plant, on the north side of the street and directly opposite the fire, suffered no loss except to their show windows, the glass of which was broken by the intense heat.


Source: The Jewelers' Circular - 4th March 1903

Trev.
dognose
Site Admin
Posts: 65147
Joined: Thu Dec 29, 2005 12:53 pm
Location: England

Re: The Daily Snippet - Past News of the Silver Trade

Post by dognose »

ATTEMPT TO RETURN GOLD CUP TO THE CROWN JEWELS

London


We hear that a movement is on foot for the purchase for the nation of an absolutely unique gold cup, some six inches high, of exquisite workmanship, very possibly of English origin. It was, in any case, during several generations among the English Crown Jewels. It ceased, we believe, to appear in the inventory of these about the period of James I., and for a long time subsequently, its home was a convent near Bruges. Not long ago it was the property of Baron Pichon, of Paris, who valued it at £20,000. It is offered to the country by its present possessor, Mr. Wertheimer, of New Bond Street, W., for the sum of £8,000, which he himself paid for it ; and he joins, it is said, with several distinguished amateurs in a subscription towards raising a considerable part, or it may be, even the whole of this sum.

Source: The Watchmaker, Jeweller and Silversmith - 1st December 1891

Trev.
Post Reply

Return to “Contributors' Notes”