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

The New York Times, in noticing the remarks Of
q Western journal, that "the entiro Northwest is
oyerrun by drummers for Eastern houses, whose
only desire seems to be to got orders and I'LL thom
regardless of tho ability of those who order to pay
their bills at maturity" remarks, that twelve
months ago similar warning came from the
for expansion sold freely on credit, and a very
large proportion of the goods remain unpaid for
to this day. Weak traders suffer in consequence,
and other inconvealences are aggravated by the
uupromising aspect Of Southern Indebtedness"
1t cautions against crediting the West any more
than the South, alleging that reports from the
West prove the necessity of extreme caution, and
quotes the Chicago Tribune as witness. That
paper says: from every quarter there is but one
responsibility In the country business is very
SLOW The interi.r dealers are selling little; tho
farmers are not paying up, and in numerous parts
of the country We hear Of failures. Merchants IN
arrears and unable to pay are making assignments
and in some instances -traudulent transfers OF
property have been made.
On which the Times remarks aWhat more
omincus state Of things could ne have Tho
armors not settling their store accounts the store
keepers selling little and paying something near to
nothing are the ncipient symptoms OF the trlckery
and fraud which in the West presage the coming
not favorable to the future of tho Eastern mer-
chants who now open Western credits. y
or the South it observes s'Thc general condi-
ton of affairs there precludes the possibility of re-
mittances for goods supplied from the North or
tho growth Of demand for further supplies.
Westward and Southwark 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 season has not shown itself
This year. Manufacturers discover that the de-
mand on which they calculated has suddenly sub
sided, and that tho enormous profits to which they
have become accus toned willnot be realized dur
ing the passing period: The presence III our
cities of large amount OF unemployed, OF only
partially employed labor, must tell upon general
business as certainly as it reveals stagnaton in
certain branches of industry. Turn which way
you will, then, facts exist which establish the
paramount Importance of avoiding risky ventures,
and refusing absolutely to extend the credit
The New York Journal Of Commerce remarks ::
ssThe market is less reassured than WIS expected
and advices from the interior are less favorable
than anticipated. The West has not sold its pro-
ducts as largely as usual, or at as satisfactory
prices, and country merchants are making very
Door returns upon the credits granted them while
many who bought for cash have large portion OF
their stock on hand unsold." .
After further survey of the field that paper
concludes thus
ttIt was perfectly natural for Western farmers
and dealers to look for such prices for their pro-
duce as would offset, in some measure, the enor-
NOUS advance in oil other goods. They wero told
that the protective tariff would give them such an
equivalent, and some Of them believed it,. In the
end they must be undeceived; and VIC shall not be
surprised if this season should bring them to that
bitter experience"