The daily phoenix. [volume] (Columbia, S.C.) 1865-1878, 1866-08-29
Prices Coming Down.


Prices Coming Down.
Gen. Wright, one of the editors of
the Augusta Chronicle and Sentinel,
is in New York. In his last letter, he
gives us the following in relation to
the prices of sundry articles in that
city:
Prices of goods Of every description
are much lower than they were last
fall. This is particularly true in
reference to leading articles of groce-
rles. For instance, crushed sugars,
which were sold last fall at % to "a
cents per pound, are now offered
freely at 16 to II cents. Coffee is also
from 10 to II per cent cheaper, and
so of all the heavier and more COM
mon articles in the grocery line. In
this branch Of business a large trade
IS done, at prices 10 to Is per cent.
cheaper than the last season.
Dry goods are also lower, and the
stocks heavier than ever before known
in this city. In foreign goods, the
decline is greater than those of do
mestic manufacture. I learn that
there is considerable stagnation
among the manufactures, and serious
apprehensions are felt lest the CONT
nued downward tendency of prices
should cause the stoppage of many of
the mills, or at least force them to
manufacture very sparingly. The
jobbers are doing a fine business now.
and seem pleased with the prospects
ahead: There is still strong belief
here that the crop of cotton will be
at least half that of 1860, and MANY
think it will even go beyond that
amount.
Speaking of general business in
the metropolis, he says:
This great metropolis is now filed
with Southern and Western mer-
chants, who have come here for their
fall and winter stocks of goods. All
the hotels are full, and the private
boarding houses are being rapidly
filled to the full extent of their &C
commodations. There are more
Southern merchants here now than
there has been at any time since the
war, and l learn that the number is
increasing daily. They all seem to
have full supply of money, and few
are willing to make large purchases
except for cash, yet there is a consi-
derable amount of sales here this fall
on time. This is particularly true Us
to the Western trade. The stocks
here are reported to be very large,
and the merchants are exceedingly
anxious to realize on their invest
ments. There are n large number of
new houses opened this fall, and 1
hear OF many others which will be
opened In a few weeks. A large pro-
portion Of these new establishments
are IN the hands of Southern men.
who have raked together the odds
and ends left them at the close of the
war, and turned them into cash, with
which they have opened business
here, in the hope of being able. at
no distant day, to restore the for
tunes lost by the conflict of arms lust
ended. Strange to say, that instead
or the Southern merchants giving
their entire patronage to their fellow
Southrons and sufferers, many of
them give their trade entirely to the
merchants whose money and infiu-
ence was given freely to impoverish
and enslave them. The Southern
men In business here complain very
much at this course, and feel that
their losses and sufferings from the
war entitle them to the support of
those for whose welfare their fortunes
were destroyed. Let us hope that in
future the Southern man who comes
here for goods will, all other things
being equal, give his patronage to
those who are of his blood, and who
shared the trials and misfortunes of
the lost cause
over eighty wooden and calicn