The Daily spy. [volume] (Worcester [Mass.]) 1845-1850, 1846-09-15
Tbe DaiIp Gpp.
ORCESTER
TUESDAY, SEPTEMBER Is. 1916.

The FALL TRADE month ago there was much
difference opinion among business men as to the char
acter and probable extent of the fall trade. 1t was diff
fcut foresee what would be The effect OF the three I'M
ponan measures acting upon the business of the coun-
try, which government was then driving through WIN
railroad speed. Had only of them been brought
forward at Time its effects could have been calculated
We are now so far along in the that we can
plainly perceive the fall trade will be nearly if not quite
as large as usual but that it will be transacted ruin,
ously low prices both the manufacturing and import
mo interests The sales of both domestic aud foreign
goods already been quite large, though made at
great sacrifice the sellers of goods which has involved
heavy losses and serious failures AS specimen of
these losses, we mention three within our
knowledge large manufacturing house in Philadel-
pha, in the wooen trade considered of The saunch
est in the city, gave way under the runous fall of 80 per
cent in single season its goods and the exhibit of
the firm shows goods hand to the amount of 100000
on which the banks and money leaders have advanced
Sl80000 and now take the whole stock as being hare
y sufficient pay their advances and the charges of SET
Element and sale. Thus in sixty days its loss by the fall
in goods $4,000 and this amount its northern debtors
will lose; $4,000 Of this sum falls upon one manuiae
turing company in the vicinity of Boston Another is
tfe failure OF large Calico printer in Providence said
10 De or SzOO,OOO. Sill third is all old and well es-
tabshed house, in Boston, dealing domestic manufac
lures generally, and whose liabilities are 500 OOO 3d.
OUO OF which are advances from large auction bouse
on security of goods.
ltmay be said by those who look only at the surface
of things, that this is as favorable TO the consumers on
the one hand, is dsadvantageous to the producers
on The Rt,tt NC g ~
the price of a cheap article of domescs more or less Of
whch every person in the country The difference
at certain point, of cent yard more or less in the
price, IS TO the manufacturers, the difference between
working for nothing realizing per cent on the can.
nal invested. Now the practical working of this will he
that 1t IS much better for the whole community that tho
cloth should sell for a cent more yard and tIuS bv ro
munerating the capital, lead to the investment Of the
income and of additional capital in new enterprises al
home, rather than to lock up in iron chests in bonds
ana mortgages, or in foreign enterprises. 1t would be
IN VAIN to seek TO impress this truth upon the thick skulls
OF some politicians, but all sensible men can compre
heha II at glance They who declaim so loudly
against the remuneration of capital ought to 90 back to
Inc Nursery and read Esop Fable of the belly and the
members.
Under the panic ofexpeced mporations, prices bave
ialen lower than they remain, and there will proba
bly, be gradual advance during the winter and sprng
our country growing both in territory and population
with gigantic strides, and its wants by few months of
grown VIII soon come up the ability of our present
number of manufacturers to supply.
Prices could not rule so low for two successive sea-
sons as at present. without materially reducing the price
oil apor One season cannot materially affect the price
OF labor because there many establishments in par
tla operation which must be completed and MANY con-
tracts on hand which must be fulfilled Upon the recur
renee second either OF prosperity or Of de-
PRESTON labor begins 10 find itself falling or rising to
the same level with capital. The upward or downward
movement of the one slower but none the less sure in
all countries except those where slave labor employ
ed-Neroburyport Herald