The Evansville journal. [volume] (Evansville, Ind.) 1866-1870, 1867-10-19
The Fan Trade In New fork City
General Dlsappetstnent, Of The

From the Economist, Oct. 121 hGe
There is q very general disappointment
results, 50 far Of the Fan bnss ness. P s
haps this is partially the consequence of
unreasonable anticipattons. The prospect
country. and OF an increased Yield in the
cotton ,na, s59Ps prodsased e s9mewh 1 san.
and merchants It was hastily concluded
that with such q condition Of the great
agricultural interest we had the basis for
few Of those who had sSffes.d ad fsom no the
disastrous losses of the spnng business
made extensive preparations for the Fall.
that goods have been presse upon mer-
chants from the interior on extended
w trad ens has be ma, sae
vance of its wants, and is therefore now
buy1ng little. and that ar merchants find
IL exceedingly- dif5cuitu Ia realize money.
tisi pressure tosen Soois uponcasIit rms,
and a consequent we knees OF prices. A
Of ora 1rsi Ia sf & s M Were e0aase
The merchants Of the large cities are now
In a position which strongiy.tennp pts them
past they have been losing Heavily upon
their operations; not a few are npon the
verge of ban kruptly. and are casting about
for me straw TO save themselves from
sinking. TIL large crops of all sections
are likely to create a very active trade:
with the ability to pay for the goods pur-
chased. Under the e circumstances man.
ufaeturer~ are likely TO produce largely,
and jobbers Will be tempted to force upon
their customers the larg st possible amount
of goods, extending to them probably I'M
usually liberal credits. The result of this
must be an augment alton of the demand
for discounts TO the extent unknown dur
Ing the last seven years. Under all these
circumstances, IL is 'difffcult to zee how we
may reasonably anticipate anything short
of comparatively stringent money mar
ket aft er the lapse of q few weeks.
Besides the reaction resulting from over
sanguine preparations, there nave been
other inhuences tending 10 depress the
mark cts. The Southern trade has been
checked severely by the prevalence of sick
II ess at the pors. The conflict of opinion
and of action between the Presi lent and
Ing events on. the rea+sembiipg OF Con-
gress, which those MOST intimately
nected Tn bushes, regard as. having
mad a decidedly depressing effect upon
trade. The large contraction of green
backs and compound notes since the mid
die of June. has interfered with & e credit
operations of the BANKS of the interior.
and has doubtless limited the alb lily of
merchants to purchase in our marke IS, es-
pecially within the last siss weeks. Tnsthe
important depa rtnnertso cotton ma nI1fac-
lures. there has been a sharp reaction
growing out of the decline in the price of
the raw material, the fall having been
about cents per pound since the close of
June. Beyond and above all this, there is
the chrome lack confidence arising out
of the financial arrangements of the cour-
try, and our increased dependefl ce upon
Eur peaD capital.
These are perhaps the, sfiief causes tend
ing to produce II e dullness of trade at
ate e co nsa
sang ulne hopes OF any early marked ale
Walton ofaInece dItion fof affairs. Great
expectations are out of tn question so
consequent upon tIes feaction from the
national losses of the war.