The Ottawa free trader. [volume] (Ottawa, Ill.) 1843-1916, 1866-12-01
Gloomy Times.

There seems to be, all over the country, q
general looking forward to very tight times
during the Winter, if moi smash up. We
throw together few telegraph extracts from
different quarters, showing the general tone
BANGOR, Maine, Nov. 26.-The reasons
given by the wooden manufacturers for the
closing up of their mills are. that the WOO
costs more in its original state than the man.
ufactured goods sell for in the open market
Commissions also engross Eve Per cent. Cash
sales command discount Of four per cent
while the Government duty on the gross
| amount of sales is Eve per cent. Dye stufs
and oils are likewise heavily taxed. Labor
is high, and goods sold at the present time
command only about ,wo-thirds OF their
actual value. Although many Of the facto>
ries have already stopped working, the glui
of goods is still felt to be excessive, and
other mills must inevitably follow the course
of events and close up until the dawn oil
better times.
CINCINNATI, Nov. 26.-Msrchants say lha,
things look gloomy. Business is stagnant,
with large stocks on hand and no prospect oil
disposal. Dealers on Fourth and Fifth SITS.
are marking down their goods.
There IVES q rumor on Change to-day that
three dry goods merchants on Pearl street
had made assignments, within forty-eIgh,
hours, and that two Wholesale grocery men
had followed suit.
lNDIAHApoLfs, Nov. 27.-Cont-acts were
made here by one of our packers last week,
for five thousand head of hogs at 64c gross
Packing will commence here in good earnes,
a. soon as the weather is favorable.
NEW YORK. Nov 27.-The failure of =
dry goods house in Broadway was rumor~d
this afternoon; liz biliies said TO be nearly
$3,000,0C0.
A nsnbe- OF SUSPENSIONS of dry goo Is firms
is expected, owing 20 the dullness of trade
and the decline in prices.
LounvrLLR, Nov. 27.-Busiuess 10 cx.
tremely dill hers. Many persons are leaving
for other cities. The number Of business
men is every day decreasing. Navigation ia
dead in the Cumberland.
GALIyA, Nov. 27.-The market for pork
does not open early Or briskly, though some
packing has been going on here f,r q number
of days. We can hardly give An opinion oil
any valre as to what is likely to DO the ruling
rrice Of the season.
ST. Louis, Nov. 90. The week closed to,
day with an extremely dull market for ali the
leading articles OF produce, and with very
light transactions prices were lower through
out. During the past week the market has
been Irregular, and since last Saturday
market spring wheat has declined about zoe;
low fall about Is to 2oc, while on choice fall
only about s to l0c. The decliLe in -four
has been about SOC on choice grades; while
concessions OF from 75c to 81 have been
made on low grades Corn is fully IL to l5c
lower than at the close of last week.
CHICAGO, Nov 27.-The unsettled state OF
the gold market, the decline in cotton, the
uniavorable advices received from. the East,
and the reports which hare Come TO hand o.
heavy failures East, and also ia some Of the
Western cities, all combined, have had a ter
dency to unsettle the dry goods mark:f, and
we have had period of extreme depression,
since the date of our ,As. report. Prices, a,
a gspersi thing, have materially declined,
a.. We fave revised the whole lisr, through
out which :here is market depreciation
from our las: quotations. The decline on
prints is lc; on ginghams l@2c; on brown
sheetings lc; on bleached shsetings 3(9 &c.
and in some instance, prices are marked
down SC on denins PC, and other good, in
proportion.