Baltimore commercial journal, and Lyford's price-current. [volume] (Baltimore, Md) 1840-1849, 1848-08-05

1t is estimated, says the Tribune Of Wednesday
that the amount OF frstcaSs Eastern paper at present
pressing on this market for discount million
of dollars. 1t is mostly of parties connected with
manufacturing, and is selling 5qls per cent The
Banks OF New Englan must be hard up when they
allow such paper TO b. sent away for negotiation.
They are either full Of it already, or doubt the sol.
Vency oil the richest men among them. AT any rate,
the PlenIiuncss Of the paper here large shave
materially duccs the facilities Ci our own uercan-
tic community, aud shall DC truly glad when
Eastern borrowers disappear.
( The same paper Of Thursday adds: There is tr-
/ fling relief IN the Money market to-day Some Of
the best Boston names however were the market
at per cent per month, and auctonccrs paper sold
at 10 per cent per annum. Loans Ou Treasury Notes
were made at | per cent per month"; This latter
fact is the best evidence Of the slringrncy of money.
large sale OF Prints, the manufacture of Dmacl
. & Go. was had to-day by Au,tcns s Spiccr. About
900 cases were sold aud there a good deal Of
spirit exhibited The sales show falling oil OF ID
per cent as compared with private sales Of the same
goods and loss on the cost Of production. This IS
the first auction sale Of any importance Of The
In the foreign Dry Goods market there is consider
! able animation, but trade has not fairly commenced
/ The importers are however more or less busy. The
importation per United States Of 1910 packages from
Ildvre sold of very rapidly. The asSortmcuts of
! Domestic Goods are good although not large. There
/ Is Il fair demand for heavy Brown Shcctin"s and
Drills for export and home trade, the exports having
reached 800 packages during the week. Blcachrd
/ Goods are abundant, and very little inquiry. The
stock of Fanncls is abundant and holders disposed
! TO meet the views Of buyers. Mr.. Hale n large
manufacturer of FlanneIS at Havcrhill has stopped
ms mill IN consequence of low prices This will les
sen the production, and holders will, in consequences
! have that less cOmprtion.
We copy from the Dry Goods Reporter the fol-
lowing information in regard to Dry Goods;
SILK warp Alpacas. are made for the United States
market alone, at least ordered in very limited
quantities for any other markets, while the English
home and Continental demand is contiard solely to
Cotton and NorStcd Warps. In the Cotton warp
goods the Americans are making rapid headway, and
il Is the opinion OF many of our shrcwd importers that
il will not be possible to import Cotton-warp Stuff
Goods but few years longer. The number of ships
bringing Dry Goods which have arrived since our
last has been ID. The number of packages brought
5000
The following table shows the number Of packages
of Dry Goods imported from Liverpool to the United
States tor the six months ending July ! compared
with former years, by which it appears that the
number OF packages decreased 33( per cent.
pared with S47 and increased 81 per cent over l5iG
and 33i per cent over 1913:
Comparative Statement Of Ec9oyts from Lrerpool to
the United States, trEea from 0ficih Doc"ments.
lSij-lSlb--lSIi-ls4S O. mos y
Total.... 1861 3G95 49, OI II ,20)
This is gratifying TO look upon, but it should b.
borne in mind that many of the good, import ID in the
Spring OF lai7 wcr, composed Of Cotton, and were
consequently of little vaIur. and that thy t2ok in
many instances, the place OF similar fairies the pro-
ductlon OF American looms both parties apparently
concnding for the mt"k,t Tn sal; Of ih. STRIFE,
is now known, AID we suspect that the En~.sI
manufacturer is not eratif,d with the result We
argue from this that the amount of our importation is
not much less would appear from the first glance
upon the large decrease OF the number Of packages.
In our pr2cy ding numbers We stat. that thought
the Fall business would be light and are now
confirmed in our opinion. In previous years our Phil
adcphia friends were prepared al this date TO re-
ccivc their customers, but they present select
ing. A d, cidcd ndiSposiiion TO do large amount
the coming season is manifest among all classes of
hri,r
regard 10 collections Some of our Philadelphia and
city jobbcrs have offered TO retire all their November
paper at 10 per cent. per annum, which Offers has
been refused by auctionecrS and commission men.
Among the dry goods men money is decidedly easier:
with caution we do not why may not stand in
future times at the head instead Of the tail in the
money market.
We regret TO learn that some failures have taken
place during the past week, but no reason for
alarm on this account as no business season has APP
preached since our acquaintance with the trade when
failures did not occur. We also learn of a heavy
failure in Western city, by which of our lob
bcrs have "su1ered some
Desirable styles of goods are not plenty, and our
obbcrs will be forced into the market for supplies
before there is a demand from distributors.
Blankets out charged but little less than last
year, and the supply will be short, 1000 bales
less have been shipped TO the same time last year,
and from the high price of wool American producers
have not been able TO manufacture.
The stocks of Cloths abundant, and notwith-
standing the very low price at which they sold,
we are told in many instances they leave small
profit on the 50 grades.
Sewing Silks are scarce; the b tier grades have
advanced in price and tn" lower qualities rcduc-
ed when they come in competition with American.
The following is the quantity Of goods remaining
in the New York Warehouse at the close of the
month";
Remaining in bond June 30 ....... So ,427 1913
The duty payable. .......... ,.........l ,OOO05O
Rate of duty. ............... -. n.g3
The whole amount of goods warehouscd at this