Smith & Wesson, the famed American gun maker once owned by Tomkins, the British conglomerate, expects to nearly double its annual sales in the next three to five years as demand for its firearms soars in the recession. It is not alone.
All over America demand for firearms and ammunition is rising amid concerns that rising unemployment, which passed 10 per cent this month, will lead inexorably to higher rates of crime. Fears of terrorism have also helped to lift demand, as have concerns among gun owners that the Obama Administration may introduce restrictions on gun ownership and impose additional taxes.
The article goes on to describe the great good fortune of Sturm and Ruger and Glock. All over the gun-producing world, business is booming.
Tulsa World reports on the difficulty experienced in this year's Tulsa Gun Show.
A frenzy of gun buying after the election of President Barack Obama seems to have slowed as collectors and buyers find themselves susceptible to the nation’s economic struggles.How can we reconcile these two stories? I mean, either business is good or it isn't. You don't think a proportion of the Glock and Smith and Wesson production is going immediately into the criminal world, do you? They're certainly not singing the same tune as they are in Tulsa. Something must account for that.
Exhibitors and attendees of the Wanenmacher’s Tulsa Arms Show on Sunday said sales were down slightly this year and pistols and small rifles appeared to be more popular than larger, military-type machinery that dominated last year’s show.
“We’re down a little,” said Vice President Mark Wanenmacher. He added that part of the slowdown is likely because of deer hunting season.
The event, dubbed the largest gun show in the world, was hosted Saturday and Sunday at Tulsa’s Expo Square.
Brian Holtsclaw of Dixon, Mo., said he and some buddies have come to the show in Tulsa every year for the past five years. He buys and trades for hunting and recreational shooting, he said.
Worries that the Obama administration would usher in restrictive gun control laws have ebbed some in the president’s first several month in office, Holtsclaw said.
“Not this time,” he said. “That’s kind of slowed for now.”
What's your opinion? Please leave a comment.