For those interested in Day, Newell & Day.
In 1832 it employed about 90 journeymen and apprentices.
By 1833 this number had fallen to about 80.
By 1834, due to severe price competition, they only employed 27 journeymen locksmiths and 32 apprentices. There being only 60 journey men locksmiths in the whole of New York.
Again, at the beginning of 1835, the total number of journeymen locksmiths in New York had fallen to about 50 with some of those out of work. The total market for locks, in New York, was estimated to be about $100,000 at this time with D, N & D having about a 30% share. There were 9 manufacturers in New York at this time. They stipulated at this time that their margins were just 15%. i.e. about $4,500.
Please contact me if you have any information on the Days or Newell. I have a lot more from 1820 till the 1860’s but am always looking for more.