New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1857-05-01
THE BOOT AND SHOE TRADE.
From The Boston Traveller,

From The Boston Traveller.
There il no other branch of business in Massachu-
sets the prosperity or the i'll success OF which would
affect so large number of our citizens, as the boot
and shoe trade of Boston II is the most important
element in our industrial economy and its vibrations
felt IN every city, town and hamlet throughout
New gland.
For the last fifteen years the trade has been emf
nently successful and its volume has been continually
increasing The amount of sales for the year 1890 was
unprecedented The year opened with an active de-
mand which was checked in the month of February
by the ice embargo.
former activity, and through March and April was
very extensive, that our stock became very much
reduced and the market bare of desirable goods.
The Fall trade was an average one, but it fell off
early, az many say account of diversion caused by
the political contest Now in consequence of the
traoidnsry demand which existed during the Spring aud an
their during the Fall ofhe and enlarged the supply
of goods in order be in readiness for Spring sales On a
advanced in price, but Notwithstanding the high price Of stock
and the low price of shoes the ambition Of manufacturers was
neither their hopes bghted and they con-
tnued in the field in full force, determined 10 win or lose
s5 M % 9Sn s ey ,f nave h%ene been
Disappointment, and now find our market slued with
Wans '''''' u s0'D' "A''"
Our trade present commenced in December and
to the corresponding year, but the sales Of March
fell Of considerably and the indications are that the trade the
present month viii b. quite limited.
The hi; in trade arises in part from the
OF their debts, and in part from oyestocked markets
NcwYos and Philadelphia merchant. feel the Eject IF this
they complaining dull trade Many these
merchants depend upon hi. traffic for business They sell 20
them large profit IL howeyer these traders do not paw Up
old scores they cannot buy any more goods and we are thereby
Our Southern trade in highly prosperou. condition, and
collections never better than now Although New0r
opening Of the season those stocks with large additional pnr
ease have been sold and the trade has been in
spect satisfs tory There moderate demand from our
New England trade but general thing 1t Is inactive
The great complaint seems to BE- With TIC Wet COLLECTIONS
has been delinquent Now however the tables 20 BE-
ZION that tS fmer and trade.men at the west have ia CON
sequence the high prices which have been paid for their
Ipendre on their farms. thinking that the proceed, Of their
nei crop provided brings high prices will justify IT, They
duse in rtravssaRc thinking he can afford it, provided his
Nominal and prospective profit. ar too often the .timuu.
that speculation eIsyasance and overradng which the
Our Auction Houses are crowded with goods and
fore hss there been such poson Of consigned goods thrown
upon market commission houses have fairly srosned
under pressure. Owing this pressure of goods upon the
market prices have necessarily ruled low aud very goods
have been old At less than cost II singular fact that not
withdrawing the protetatons of manufacturers that they
cannot maxi any money and continually talking about cur
tsmeni they have the psst year coderao ncIrard the
business and manufactured oversuppy Of goods aud
natural Of their own indi.rreon adcaaea rather
leather the past year hsn before and have the
result oyrr.tocked market particularly Of mems wornens
The stock OF goods in sverh and Lynn large for
"
Manufacturer Hav.rh talking ofres'ng their
operations. It Is evident that their talk amounts TO nothing
charged another boss steps r~ ard him Therefore
with pas. experience we a' that the contraction OF man
ufsetuIe in that city is all moon.hne. ....... A..
We think the deposition generally 10 contract the manu-
there is about the same quantity process
ture there at the corresponding time last
Manufacturers Of thick wok seem 10 be disposed to contract
their operations for time in consequence Of the present flc
uang Of the leather market After full survey Of the
rood for he Fail trade will be large and that the disposition
will be to sell the goods al rate TO crowd and force them
nav for them This will depression in prices injurious
to manufacturer and also unhealthy state Of credit
which the Spring of 1883 will manifest itself to the injury
There many tradesmen who Boston and accord
men should have the idea credit them favor
nave ,n eo.tsd to by more than hey want and
they ar led believe that their credit Is undoubted Thus
BY the seller the tradesman having nothing 10 lose
home sells bis goods indi.c intimately and returns 70
market with established credit Thus he continues ensrsins
hi. business on persuasion Of the seller until last he be-
comes 20 deeply involved that he obliged TO suspend payment
which n7w-sdays to pay from nothing 10 IT, 10 or -
In pushing errdi, these extremes not only encourage
buyer do business and TO indulge in sH
whole force upon ourselves and oenne.
led 70 the course Of action basns upon the nominal
Some boot and shoe manufacturers are now beginning
TO feel the effect Of the low prices Obtained 0r goods . s
have their profits and so upon her
CREDITOR property that they have been Obliged to stop pay
Failures in these modern times matter 81 necessity IL
l. The only In the machinery Of ,de which saves US from
impending ruin Reason seems TO have lost Its sway and sgu
nent It's power and rush heedles.y expanding ana
overtrading until progress checked ny hoe ssnA
warning Of our dangerous career
Californi. still submerged beneath pressure OF gloom
une. and disappointment The market still continues over
stocked and trade quiet The shipment. for the last three
months $3.50 which Is large falling Oh from those
ofsst year when they 1880 If the present
srctOu Of shipment continues can no reason wy the
trade for 1853 will not open successfully FOR ths present year
It must continue dull the country stores are fully supplied
aud the cities Elutted with goods.
The falling of In the receipts Of gold from California the pas
minds indicative Of the decline Of the
mining interest which may injure and seriously etard The
growth and prosperity Of that renowned We
hope not for upon the successful issue OF their mining Interest
In great measure depends prosperity nation In con
cuson would say that whatever the result be in Cali
orra elsewhere II Is certainly interest guard
selves in oil our future operations against much exy in
).
pIarketa CAREFULLY RypoRrvn yop tn Tvruuuy