The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1867-12-01

1900, 900
Take prints and calicoes which have fallen sixty per
cen. since 'ne close Of the war; and white cotions
measuring the average fall OF the two taken together
y may DO assumed that this average has been fifty per
cent y percentage Of detection which has been dis
T6uted about equally through the two years 1865 aud
lso1 0mittng Stewards trade, which Is both whole
sac ana retail aud limiting the calculation those Of
h b Cann Co., which represent the wholesale bust
ness uniquely besides representing American fabrics
ogS greater extent than the former the relative proper
1863, may BE- calculated with tolerabe accuracy
Making the quaatity sold IN 1895 the basis Of per.
centage. II seventy-three millions Of dollars worth
was sold IN that year with goods At given price, II
10 1866 $65 600 600 sold at an average de-
portions Of quantity for the years stand as 100 for
the former 70 ll9 for the latter and again. assuming the
above data for 1865 600 worth be sold 1867
M an average detection in price OF fifty per (cacua.
tod from the price Of 1861 the proportions the two
stand as 100 for 1865 and 15o FOR 1867 The fol-
lowing table, therefore, represents the propor0nae
Quantities IN goods sold for the three years.
i goo 100
In other words the quantity OF goods sold in 1865 ex-
ceeded the quantity sold 10 1855 by nineteen percent
while the quantity Of 1867 will that of 1865 by
nfy-six per cent BY means Of auction sales and re.
duction 10 prices, thereforeputtng together per-
cottages OF the two years. viz: nineteen and fYsix-
1t Is easily demonstrated that seventy. per Of
the excess OF supply has been absorbed; and Of the
present excess of supply the determination is very
simple and easy--normal demand having forced 70 the
extent Of seventy per cent for the two years The
following exhibits therefore, the excess OF supply
hand at present.
Excess Of production beyond natural demand for
the Two years. JOG
Excess disposed Of beyond normal demand. $500. IS
Excess OF supply in the market at present.. .... 81
In other words, the imitation Of supply having been
hundred and six cent for two years. and the
Hation of demand having been seventy FIVE per cent
there Is left at present the market excess In sup
ply Of thiry-one per cent beyond the normal demand
for consumption or tho natural consumption OF
t6o tfA 4oan
Their reduction OF prices or fourteen per cent reduc-
ton below the actual cost Of manufacture BY consider
tivss, to which must be added the burden Of heavy
taxation for purposes OF internal revenue. Experts
estimate tho present excess Of supply at thrty,hree
per cent counting domestic and foreign fabrics
though this estimate is probably iridc exaggoa ted
Twenty per cent will doubtless cover the average
cess-the two being taken together There be- how
ever little cessation Of labor at the present prices OF
edibles Of all kinds without great deprivation and
ferng among the laborng classes and here arises
acture at the present prices OF domestic goods cannot
afford to employ operatives at the present rate Of
and with the present OF articles for the table ope
ra,ives cannot afford to work at lower OF wages,
the advance in wages since 1850 being fair proportion
life No present fall OF the latter can nevertheless be
anticipated there being OF supply. In fact
liberation Of large armies which, through sysemasic
commssary economy consumed less In camp than the
same number q person. would S.I naturally consume
and practically represented by the phrase 'mus
have the necessity being @psrs.ivs while the dc.
could AFFORD il. whatever, therefore, has has
Of nving that percentage must be deducted
from the natural demand for iuxeries far the
masses concerned; and the demand for dry goods
must be limited nearly by absolute necessity than
IL the aborng classes after providing for the ordinary
necessties Of existence had left larger margin with
which supply themselves with things iess necessary
In 1865 the average percentage OF wages which a-
propriaed 70 the necessities OF food and SHELTER
for clothing and uxuries With tho advance In gro
ceres and rents, however, TO which must be added
essened demand for labor the average percentage in
1857 will not exceed ten, To be appropriated for pur
poses OF clothing and luxury Again, for manufacture
ing purposes labor has not received over eighty per
cent I'm 1861 OF the moneys distributed in tho way Of
wages during the year ls66though this has par
tcuary affected the country districts and in New York
the amount paid labor this year win fall appre-
ciably short Of the normal average. Five per cent
WILL in fact, more than cover tho deficiency. mod
crate reduction Of prices will therefore be obviously
necessary force the absorption Of the OF
ply in dry goods hand, and this may be antci-
pated principally in connection with the spring trade
reduction In Wholesale prices not necessarily affecting
the retail for moro owing 10 stocks
hand, upon which the usual retail profits must be
realized 4 possible Il. however, the mass OF the
percentage OF their incomes 70 supply themselves with
dry goods that small percentage represents the aggre
gate demand, and supply must be regulated by IT, either
in point OF quantity in point price II the aborer
At his trade can only afford one hundred dollars per
year for clothing and dry goods than that
large small, but the amount realized will be the
The surpusaso Of the Masses aner the common nece,-
aggregate demand for goods less absolutely necessary
than bread aud butter If the supply be large prices
tho normal figure or profit and, in either case tho
amount OF surpusage divided BY the quantity OF sup
ply equal 70 inc price wn'cn can ps asma az
article matter what may have been the cost OF pro-
duct,on r. IN 1895. tho receipts OF leading house
we're seventy three millions, in 1866 sixty I'VE millions
and 1867 to be hfty-seven Millions IL Is easily
demonstrated that the cssened amount realized simply
70 icssened monetary resources the part OF The
buyer, and with tolorsbe accuracy the per-
ceniage IN which these resources have been essened
Furthermore the sales OF this house represent tho
trade In American and inexpensive fabrics par.
tcuariy and as the masses are the buyers OF these
fabrics TO tho greater extent, they may DO taken At
sources OF have been lessssed during tho pass
two years In Short where the aborer could afford
seventy three dollars in 1885, in 1865 he could afford
only sixty-nvs and in 1851 afford only nny-scven
dollars This decrease again measures the percentage
q rise IN articles o. ordinary dc, and IN
OF the problem found In the fact that for tho past
three years TOO great part Of the industry OF the
wooen fabrics while too little OF II has been applied TO
the production OF the ordinary neccssarss Of table,
trade sa o hs Of o n.
muscle Of the country 70 agricultural purposes Mean
time, with thirty per cent Of excess in supply, the na
ton OF trade must continue for some months during
which time thirty per cent OF the labor which, In 1895
and 1885, applied TO manufacturing purposes must
I've wNht W rVHictnhk W mana Mean
WHILE also labor gets hungry aud has 10 b od with
soup public expense and 70 utilize the labor liberated
By the sscppass Of msnpiactoss 70 the problem Of the
country distrctsa utilization demanded by the
sss OF trade since there excess OF supply In fabrics
OF all sorts in the New York MARKET and any apprccs
bic lessenng OF demand cannot but 10 numerous
and heavy failures.
AsorHrn CHICAGO DIVORCE Cssx.--rn the Superior
Court yesterday suit was commenced by Eliza Dowd
against William Dowd for divorce. The bill states
marriage a. Janesville, VIA, tho 18th day Of Feb
ruary 1863 and tho existence OF the relation OF hos
band and wife until the November following The wife
charges that hr husband deserted her without cause
after two months OF III treatment on his part some
time since he wrote her saying ba was In Ireland ash.
ing her lorgvenss And little money that ne might re-