The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1867-07-20


DIR aoopa-we had the unpleasant duty last week Of
noticing the failure Of very prominent dry goods
more firms that have been compelled TO succumb during
the past weak. These two more unfortunates are Lne
very respectable importers Of British goods Farcnho
Fanchaw & Co. and Loeschigk, willard Rhodes 10
these might be added the names Of two or three jobbe
and tho nams Of another large importing house IN eI.
d0s S9s the ss who is IN
artiio noru; II win be time enough when the orea'n
nav BE- ssa OF merchants as Shakespeare said Of
dnary mortas. 'sThe time was once when the Drains
were out the would die )" but merchants VIII sue
in vS says sna e is q
sl to be wondered at long.esabshed houses should
now and than suspend. or absolutely fsl IN time OF
we do not inland these remarks personally applicable
anywhere but there have been good many sensanonA
rors growing out Of tho few failures which Lave oc
Cured Ia the dry goods trade, and an aempt has been
mae 10 throw disfrust over the commercial soundness
Of many houses In the most important business interests
Of The metropolis which saSaid DO promptly
Tho fures which have occurred we believe to be eI-
cepnonsnle csse aud h win De poee Of gIest good ior
Of our new Bankrupt law, prompt investigation can be
hs and the which led To the disaster fully pub
hshed Under the existing condition Of the country,
need be no fears Of commercial revustons SUCH az occur
red In 1887 1s47 and 1851 The teibe oommercia dis
NV yOus Of rs Ssnias and
ssy AZ the present. time we have the best curren-
q which any commercial community have ever been
fsyored vh and only accidents beyond the control OF
ordinary calculations, or very gross mismans8emen.
could result In business panic. There ts nothing IKE
collapse Of credit to be feared nor any OF
the currency 10 be anticipated from inter
Owing partly to the setuk and asserted failures among
The div goods importers and the expectation that they
NouM lead to rced saes, which would naturally reduce
prices busness has been very hight during the week.
has been very nearly stagnant mporndons of iorea8n
70 but 81 against last year at the same
time.
limited. but prices have been firmly maintained Tho
Wes the South and the Pacific States, are all bare OF
aple goods they have been buying from hand 70 hsnd
20 long In anticipation Of lower prices that the time mas
oome 1hen large purchases must be made and the con-
sequences win be an active market and hardening OF
prices, not . oonhdersble advance The abundant
Snufcturers and their agents must meet the increased
activity Of the fall in liberal spirit or they may fa
altogether 10 roap the benehts OF It Brown snee1nes
and shtrtngs readily ut our quotations and there
is better demand for the finer qualities for bleaching
In bleached goods the stock has very sensioy de-
while as ss11ss Of aor Is too
early At present to estimate the effect which the growing
crop OF cotton win have ON this style OF goods; but n
safe TO assume that the increased demand viii about
nsutralize the effect Of large crop.
There II hardly anything doing In drills but the de-
snd sor jeans which were noticed last .,s Mest as rs
arc inactive. and the market is wen supplied Denms
and coonsdes neglected and the quoted rates are
very little inquiry for cloths in ths gray. The demand
for prints has been moro lively and seasona6le styles
In good request at quoted prices Tns a psterns
hsye not yet been e1hbited they viii meet good de-
mand whom they come. In ginghams tho demand has
improved somewhat and the finer qualities find ready
sale. ,,,-,.
the better kinds maintain their prices; but slight con-
cession Is not denied when there s disposition to give
large orders Rolled jaconets silesas and cambrcs s
without material change Muslin de laincs ore less in
qured for than they have been. The demand from the
clothing manufacturers gives firm tone TO the pSices OF
Italian cloths which In considerable request at this
season. especially in the medium grades. The same re-
MARKS viii spplJ to most qualities OF woonen Cloths
thonsh there considerable irregqlarty IN prices Ken
Piled In the carpet trade there very little dong the
season Of the year s unfayorabe, but prices are rm
eosIssr descriptions tie only description, in fact Of
American manufacture are steady at the quotations.
In foreign dry goods the market Is unsettled. The
heavy fixtures Of some have tended TO demoralze pur-
chass and there has been some difficulty In relation TO
the withdrawal OF goods from bonded warehouses hy
unsetie prices The business in foreign goods at tho
present tune Is limited to the actual necessities OF me
season.
anime into the affairs Of George A. Wicks Co.,. have
recommended creditors to accept compromise OF
sixty cents on the doar. Without any personal nowl;
edge Of the business should say that this Is liberal
and fair offer for both sides, and one which creditors Will
nnd to their advantage to accept 1t is only IN e1cer
tona that suspended firm pays sixty cents Tnen
compelled to legal winding up Of their affsrs-inde-
pendent.
RIO JANErRo. June 7-[wisht Co.'S Market Re-
lCofee-The Dses Of the fortnight amount to 116
600 bags Of which 5 900 for the United States 81
600 for the Channel and North OF Europe 600 Tor the
South OF Europe and eOoS for the River Plate Ine
the 2sd ut have ruled very steady and the fluctuations
have been small The quotations to day are as follows:
Fns Es 45
4HsOo-per arrobe. We quote cargoss as follows For
the United States American lots 6lsOOa616o
single bags and l6s7s4sssd double bags for the North Of
Europe, sSOOa67OO- double bags; for the
Channel aud Mediterranean, single
bags-per cwt, to e1 freight, Exchange 224d Clear
2sI bags Hampton Roads $500 bags Savannah $40 bags
Channel 500 bags Chrsana $3.50 bags Bordeaux 1878
bags Hsvrs 10os5 bags, Fredksh'n 297o bags, Genoa
1874 bags Portugal bags, River Plate 1866 bags. Total
los, 400 bags.
LIVERPOOL COTTON MARKET, July 4-[For the week
Cotton was in fair demand In the carly part OF the week.
hnt srce Tuesday the business has been com aratvely
limited The supply continues abundant, and decline
Is quoted in almost every description For sea Isamd
the general demand continues good and prices are iuy
supported. The better qualities which for months nave
been neglected are now more inquired for, and COM
msnd fun prices American, though In GOOD request
ALLEN hd per b B has s % Seen sr Egyp
tan Ia heavy sale at about "a per 10 below ast week
lates The quotations Of Smyrna are reduced fuiy
n nS Mh have xs1 his week 1s been freely
have given more choice In the PETER nnas;
prices generally I'd per ID lower though some % m &
owths have brought extreme rates. Bengal ls n good
request and fully maintains last Thursdays quoanons
for the higher qualities In cotton to arrive only lew
transactions early In the week have been repor.ea so
sales Ct the amount to bales including l6so
speculation, and II, ,210 for export, leaving
to the trade The actual export this week is not deduct
ed nom the stock 1t was not included IN the stock DE-
cred the 18th ult Cotton at for Great Britain
American, So 900 bales In 1867 against 10000 IN 1866