The Portland daily press., 1867-07-20

We had the unpleasant duty last week OF
noticing the failure of very prominent dry
goods house, and we have this week to add ths
names of two more firms that have been cQsa}3
PEELED to succumb during the past week. XhtEa
Two more uniortunates are the very respe>Sl-
pie importers of British goods, Fairchild, ks II
Ti nav q Co., and Loeschigk, Willard & Rhodtss
10 10 these might be added the names Of two OF
imnort!oo !uoDehrs, Frs, and the name OF anot
iiuPornIlng mouse in extreme difficulty, II HBt
ac.ualy az suspended. But it is hardly proper
70 rePort the death of person who issin Q5tic-
Iaos Iso msort,s; u VII be time enough when the
The failures which have occurretlss . : .heI;eve
to be exceptional cases, and it will he < niece OF
great good fortune for the businns AZ cofnTnu,,i
ty il, under the operation OF our new Ban .xrunt
law, prompt investigation can ibe had, and
the causes which led to tile disaster fully pub.
lished. y" - sf&E
Owing partly to the actual and asserted fail
ures among the dry goods importers. and the
expectation that they would lead to forced
sales which would naturally reduce prices,
business has been very light during the week /;
it Ia, been very nearly stsgnant Importations
of foreign goods, too, have been very light the
entries amounting to but $2,000,000 against
S3,000,0 900 last year at the same time.
The trade in domestics for the week has been
rather limited, but prices have been firmly
maintained. The West the South, and the
Pacific States are all bare of staple goods /;
they have been buying from hand TO hand so
long in anticipation of lower prices that the
time has come when large purchases must be
made, and the consequence will be an active
market and a hardening of prices if not a con
siderable advance. The abundant haryests
are already beginning to tell on the trade The
manufacturers and their agents must meet the
increased activity of the fall in liberal spirit,
or they may fail altogether to reap the benefits
of it. Brown sheetings and shirtings move
readily at our quotations, and there is a better
demand for the finer qualities for bleaching
In bleached goods the stock has very sensi-
bly, decreased, while the demand for common
grades has exhibited marked degree of i'm
provement. 1t is too early at present to esti-
mate the effect which the growing crop of cot
ton will have on this style of goods; but 1t is
safe to assume that the increased demand will
about neutralize the effect of a large crop.
There is hardly anything doing in drills, but
the demand for jeans, which we noticed last
week as active, still continues. Stripes are
but little called for. Ticks are inactive, and
the market is we'll supplied. Denims and cot
tonades are neglected, and the quoted rates are
merely nominal. Printing cloths are quiet;
there is very little inquiry for cloths in the
gray. The demand for prints has been mere
lively, and seasonable styles are in good re-
quest at quoted prices. The fall patterns have
not yet been exhibited; they win meet good
demand when they come. In ginghams the
demand has improved somewhat, and the finer
qualities find ready SALE
Though the season is advanced for light
printed lawns, the better kinds maintain their
prices; but slight concession Is not denied
when there is a disposition to give large orders.
Rolled jaconets, silesias and cambrics are with
out material change. Muslin delaines are less
inquired for than they have been. The de-
mand from the clothing manufacturers gives n
firm tone to the prices of Italian cloths, which
are in considerable request at this season, es-
pecially in the medium grades. The same re-
marks will apply to most qualities of wooden
cloths, though there is considerable irregulari-
ty in prices. Kentucky jeans are extremely
dull, and the market well supplied. In the
carpet trade there is very little doing; the sea-
son of the year is unfavorable, but prices are
firm. Flannels are without any marked change
Linens of the coarser descriptions, the only
are steady at the quotations.
tied. The heavy failures of some have tended
to demoralize purchasers, and there has been
some difficulty in relation to the withdrawal
importer during the week, which have tended
to unsettle prices. The business in foreign
goods at the present time is limited to the ac-
tual necessities of the season.
I We understand that the committee appoint
ed to examine into the affairs of George A.
Wicks & Co., have recommended creditors to
accept a compromise of sixty cents on the dol
lar. Without any personal knowlege OF the
business we should say that this is liberal
and fair offer for both sides, and one which
creditors will find to their advantage TO accept.
1t is only in exceptional cases that a suspend
ed firm pays sixty cents when compelled to a
legal winding up Of their affairs.-Independ-
emit. fH- ..-.