The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1867-01-22
The Condition or Trade

The New York Times, in noticing the remarks of
Western journal, that tsthe entire Northwest Is
overran by drummcrs for Eastern houses. whoso
only desire seems to be to get orders and I'LL them.
regardless of the ability of those who order to nav
their bills at maturity" remarks, that atwelyc
months ago similar warning came from the
south Eastern houses. that sought opportunity
ior expansion sold freely on credit, and very
large proportion Of the goods remain unpaid for
to this day. Weak traders suffer in consequences
09nef IN are aggrayated by the
IL cautions against creditng the West any more
than the South, alleging that reports from tic
quotes the Chicago Tribune as q Witness That
paper says; s'Erom every quarter there is but one
rssPonseEdull.' &C.. In the country business is very
slow. Tho intcricr dealers are selling little: tho
farmers are not paying up, and in numerous parts
OF the country we hear Of failures. Merchants in
arrears ARE and unable to pay are making assignments
property have been made"
On which the Times remarks ssWhat more
ominous state Of things could we have? TIC
farmers not settling their store accounts the store
keepers selling little and paving something near to
nothing are the incpient symptoms of the trickcry
OF tight times Surely these arc circumstance
not favorable to the future of tho Eastern mer-
chaPts az 4hc who f open Western credits
ton OF affairs there precludes the possibility of re-
1nittances for goods supplied from the North, or
the growth Of q demand for further supplies
Westward and Southward everything points to the
necessity Of more than common prudence on the
part OF Eastern merchants and manufacturers
The times are dull here undoubtedly The flush
usually incident to the has not shown itself
this year. Manufacturers discover that the de-
mand on which they calculated has suddenly sub
sided, and that the enormou profits to which they
have become accustomed will not be realized dur
ing tho passing period. Tho presence in our
cities of q largo amount of unemployed, or only
partially employed labor, must tell upon goneral
business US certainly it reveals stagnation in
certain branches OF industry Turn which yyay
you will, then, facts exist which establish tho
paramount Importance Of avoiding risky ycntures.
ana refusing absolutely " eAio4.a tl.. .~o;3it
system"
The New York Journal Of Commerce remarks
sThe market is less reassured than was expected
and advices from the interior are less favorable
than anticipated. The West has not sold its pro
ducts as largely MS usual, or ut as satisfactory
prices, and country merchants are making very
poor returns upon the credits granted them, while
many who bought for cash have large portion Of
their stock on hand unsold." 4
After further survey of the field that paper
concludes thus +
1T was perfectly natural for Western farmers
and dealers to look for such prices for t!ioir pro-
ducc as would Offset, in some measure the enor-
NOUS advance in NIL other goods. They were told
that the protective tariff would give them such an
equivalent and some Of them believed it. In the
end tbcy must be undeceived; and we shall not be
surprised II this season should bring them to that
bitter experience