The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1867-11-05
Things in New York.

a BUSINESS CRASH I@M1N Nr-PaEMoNlToHf sYMp-
ToMs-TUMBLE ~ PRIcEs-roL1rIoAL GOSSIP
THE NEGRO IN cEU4CH.
New YORK, October An experienced mer-
chant said TO me the other day hat if business
dos not imp ovn before Tie A.st OF January there
will be great tash than We hid in 1877. 1t is
O subject OF wonder to many that the explosion
has not vet occ -rrcd. There has been absolute
stagnaioa in many branches OF trade since tho 1st
OF October, and tho most sab5Uino business men
do not exp ct an carly improvement. The two re-
naming months Of tie year arc usually as dull as
any. The countrf merchants arc all supplied be-.
fore the Is. Of November and from that time until
the opening os the Spring trade thore Is very little
to do. lie end OF tho Fail trade season is now
reached, and there is hardly Wholesale house in
the city that S not burdened With stock which
cannot Le much reduced this year.
BUSINESS FAILURES
Whether We are to have 3 crash CT not it Is be.
yond doupt that We will have many failures Tho
suspension OF the firms OF hobcrt L. Taylor and
Hubbel & Co., last week, increased the dstress Ill
commercial paper that has existed for some time,
and thus added TO tho other embalrassments Of
second-class houses in need Of money. There is
general COM plaint against the banks tor giving
money freely 10 the stock gamblers and shutting
down on commercial paper. The effect or this
course will &c ruiaous to many merchanta Who re-
lied Oh discounts to heip them through. Another
danger to tho!n is the difficulty OF getting o.
dorseme.ts. Distrust is the prevailing feeling
and very tow men are able to get assstanc, from
their ueighb0rs. Had Ar, Tay ylor, Tho WAS worth
two million lnss year, refused - put his name on
other mems paper, he would probably Do all right
| to-day he endorsed literally 7 Huubel & Co.,
and had 10 90 down in their wreck 1t is the
policy OF large houses to pu: az god face on
matters as tncy ce y toy il y once 1ots abroad that
failures arc becoming nUmeror:s, iher5 arc hun
dreds OF scam?s IL business WAC viii take advaa
tags OF any 'ialcly" foCiing t. .:lcr their own
{
II accouEta .0r the s.!eacc Observed in regard to
,spensions which arr o. much !. 1:e re4u5l. oc-
| currence than many suppose.
THE DECLINE y PRICES.
There wan another hcavy sGll lii dry goods las;
eI, though the joeber1 s:iug gl0l against 1t to
the .ast moment. Holders OF nravy a:ocas OF do
msstca e.o the principal suierars Many casscs
Of cotton goods are 5ll.ug almost as loT; as the
were six years ago. Il ia perfectly clear to ever:
one tnat they caano. be produced IT, anything like
| tho same coat, SO there mIa 20 con2idera5ls loss
mewhere The aggreSGto decline in dJnostics
for the moatA now ending IS not less than twenty
Ave per cent md must tell scver:Y On houses
| ugh. with largo Stc9.:s Qn hand Foreign Qri
Jols sro also considerably owcr than th3y were
month ago, t!oIgl ;Aey caHuot oe brought 10 this
market ccl. C y t-:-a il Coo; 10 Dllng them il
Gas.ortey Tie O. p:ehGasi0A with which he ru.
,ule is regarded - importers may be iafcrrcd
from the taC; tl!e: ,Eo DnoI, oltrles last week
| amoun;el 10 Only s26l7,so4, e3ains. entries o
| ;5sv; ~ - tho san,a T5aG Iast year. Prices /,
st:e i. now seem to . settling back toward. ..e
e1to- gsr -ta ldig. u. tao rct OSression mus. IL
volve heavy losses .ad oaus, tue absolute 1uiu O.
IN NJ o. ssculatora, Waesner tneY cal ed lheussi7a,
| .aercha is, bioa rs O. nalut Icturors.
STRIPPING Fur TE. FIaHT.
Only few ticvs relna . p.epare forth great
contest ard these " Il bo used u the oct 4 = n
ta % by bo.n psr ies. Nee a.s vii! be held In al
. IT'S of tio te, in2gov scattered wItn r .ih,r
VS. Isl uut in motion. ccouats flop ..S :oIerI1i
show that the farmers do not take al much inter.
eIt in the election az the Radical leaders would
ike, and it is believed the vote will fall consder