Wheeling compiler. [volume] (Wheeling, Va. [i.e. W. Va.]) 1829-1831, 1829-08-26

upon lue progress ana present sir
of the New-EngIand Cotton Fs,- Z.
discusses the subject of the decline 4,
prices of their fabrics. The concis. De
which he gives of this matter, viii 'b
teresting to business men. We tran.
the COMPILER tue remarks given in 81
number.
Cotton shirtings No. I6,would f
bly at the present price Of cotton a. !,
Dor, Weld a reasonable profit at s Co {,
yard. They are now sold for less. q
ty years ago Indian cottOns were inr u
al use, at twenty five cents. An5 h
Yards of them were never worth on. n
of our New England shrtIngs. IN +.
cents will now purchase what reQu, ),
dollar thirty years ago. This is one
natural effects Of introducing don
manufactures And it would entte
TO public favor, were it not that they !,
cidedly interfere with the profits Of d d
porters, and are therefore subjected \
the evils of their maledIctions.
1t is true that prices Of goods are !.
ced SO low as to leave little profit to h.
factories, and TO render others the d
for every yard of cloth they make.
causes of this reduction, however, M, a
found, without supposlng an over brs 4
tion-and the removal of those cas a
which is now in progress, will sure ?
store prices to reasonable rates.
The leading, and chief cause Of .
fall of price, is the poverty of tie B
ulacturers. Having no working ca,
and often being indebted for part Of
permanent investments, they are o.
to sell their cloths as soon as thel
made, whether the market be tayon.
motor they take the worst course Of
posting them and taking an advance
reimburse which, on the expiration
credit, the goods must be forced at
ton. This cause, It general, and
nearly so. must enable purchasers
tain the goods at their own price
The great semi-annual sales have
trIbuted much TO reduce prices. Byn
of these immense quantities OF
came periodically into the market,
small portions only were wanted for
sumption. Notice was given, and
great fidelity observed, that the
would be sold. without reserve. totte.
est bidder. They might as well have
ed-1 purchasers t0H combine, hgi
hare tie goods at just chat they pha
gire. Combinations were sufficient
merous on the notice as It WAS.
Another evil Of great sales was.
purchasers generally we're not ludg
the goods. Each depended too muc
what he deemed the opinion Of olha
the general opinion, when IN truth
was no opinion in the case And cad
yirng the advan;ages--and thong
goods went last fall at nine cents. q
safe TO speculate the next spring at
and a half. And if all thought so, eig
half would be at the limit Of The BID
that would fix the price till the next
saIe--and ii was as difficult TO get
vance on that sum, as on nine cents
fall. Such a course was calculaii
bring goods down from five 10 ten per
at each sale, and so in truth II turpct
The jobbers too were disappointed.
chasing low, they expected to turn
goods in two months, at ten per cent NJ
an amount that would satisfy the mani
turer for a whole years labor. BnI
the country trade and their other q
mers were present at the sale, marllla
their catalogue the purchaser and Pra
every article. All the machinery oir|
lar business was wanting. The mJss
Of the rate Of exchange, amount oicsl
and double invoices, had here no p
Every customer knew the exact cost
would only offer bare commission q
advance to the jobber tor his Prodi.
risk Of solvency and long credit. 81
agents were the only gainers--andihg
we'd nothing but the increased labor Of
ling in other modes.
The result Of each sale being rs'
disappointment, all determined tobuJi
per at the next or not at all-and
length became apparent, that decip
price would continue tall the sales %
mode should be abandoned The Pl
of the great sales was well ATTENDED.
they have defeated the hopes Of all
Public have had enough ofthem--ans
probable the last of them has past.
II we have named the true causes :
decline, we may look for reliei---D
hand Of severe correction IS nos
them
As soon necessity shall have eoDf
the manufacturers to furnish hen@