New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1869-10-11
THE FALL TRADE.

MARKABLE INCREASE OF SOUTHERN TRADE
WESTERN TRADE EMBARRASSED-LlMITED
EFFECT OF THE wALL-sT. EXCITEMENT
CONSEQUENCES OF CHEAP FRElGHIS-DRf
GOODS. GROCERIES, BOOKS ETC.
The keynote of the present commercial stu
aton in the great metropolis exactly struck by the sig
nfcan remark OF leading wholesale jeweer In Maiden
lane The Southern trade has been the salvation OF
EewYork this Fail :" and certainly the extraordinary
Increase OF Southern business in NewYork markets has
given the Fall trade Of 1869 volume and sOundness IN
paraleled since the war. Some observers have ven
ured to speak Of the trade with the South as rebled
tnCe this is unquestoDably ian exaggeratloh
blthOugh many branches and especially In boots ana
1hoes groceries, jewery clothing and dry goods MOD
srate estimates place the advance at from 25 to % per
)ent with prospect numerous instances, OF con-
inued and heavy late trade, which Twill probably Drng
HE aggregate Southern business OF the season
Sp to twice the amount sef last year. Ihls lhu-
hates prosperous and encouraging state OF anars
h. the region lately devastated by the rude hahu OF war;
and brief Of the OF southern trade since
(he close OF the Rebellion will show that New-forR deal
FRS are justified in taking rosecoOred view OF the stu
ltiOn In the Fall of the South was So destitute OF
luppes that every one engaged in merchandising made
money with rapidly that entlced many
Inexperienced men into attempting mer-
1ante life In 1866 planters professional men,
Northern specuators and other novces bought heavy
locks upon small capital and flooded the South with
more goods than could be retaied at profitable rates
rs necessary consequence many Of this class OF dealers
were compelled sell out at anyprce and quit bust
bess they did understand In 1867 their successors
bought boldly in September and October upon
,he strengtht of tho good cottoDp crop Of that
rear but the sudden fall Of GO or 20 per
rent in the price OF the great staple later
N the upset all their calculations and entaed
lecond OF commercial misfortune upon the South
IN 1868 another good cotton crop was gathered ana OF
ns Ins peC 9aS ca1eS of the IONS Share the
year before. Disaster had taught prudence ana com
koutheTners 10 reestablsh themselves on sound and
Comfortable footing And comes the cotton crop OF
even luxury at the South nil the Golfers OF the
merchants of Manhattan ana to spread ITS Denehcia IN
buence throughout tie civilized world In no country
put the South and with no crop but cotton can three
hundred millions Of wealth be so easily created In
Swelvemonth out of the soil And while this holds true
khe Southern trade must continue the manstay OF er
kantie prosperity in NewYork Not only does the cot
Bon crop this year broad and satisfactory basis
kor Southern trade, but the business is almost uni
shants who traded here before the having taken
edyanTage Of the bankrupt law sccnmnate ted sufficient
hnce in Hew-York this FAN in unusual numbers Caution
kOuthern dealers especially prone the increase IN
She volume trade being due TO the greater number of
Few fsvors are asked in the way Of credit many deal
prs paying cash and the others giving very @
eee but the same cannot be SAID OF trade WIFI the
West IN NewEnEiand trade no change observed and
sn EewYorK and Pennsylvania visible improvement is
noted in instances hut in the West degree OF EN-
Iectlons and makes cautious chary Of selling
largely e1oep, for cash Recent letters from MGgan
attribute the evil mainly to the action OF the farmers
Money is in extreme demand for moving the crops ana
business which has moreover, been decidedly oyerdone
IN many localities feels the pressure keeny The contrast
between the shrewd but sometimes oyeIreachng eel
lrner, and the liberal but perhaps prodga Southron
puts crop in the market before u gathered and
Segns distributing ITS proceeds before the hrst bale Is
ais land with firm clutch, and would rather
tmbarrass himsef and all bis neghbors than
-fDt ha rick OF "A
may result disaster 10 the agrlcultuIls Dnt the
tIaps down the brakes of rsde aud that south
Of old the favoffte market of NewYOrk has commenced
he oommefea quarter for Which shrewd merchants
win hereafter steer tner course and trm their sails
She NewYOrk trade this Fall One Is the effect OF the
asp s gd ceap se G
freight to the West As to the Walst crash dealers
raRstoTy effect In the Wholesale jeweTy trade how.
aver down sales for few days fully 30 and even rs
RIveTs Who seemed to fancy that the antics Of the
precious metal la the Gold Room would somehow cause
fall prices ia watches and trinkets. have recovered
from that delusioD, and are now buying freely at esab
eed rs5ss wo III s eS%ps Sy the crash 70
tgt down prices and many OF them heia on 70 take
some for dealers have at time this Fall based their
transactions higher rate OF gold tan and the auc
lion sales the panic show that prices are well main
goods but this arises from the fa IN the price OF tne raw
gold The volume OF the dry goods trade reduced
according TO good estimates about one third but IT lie
buyers stI letter around the waiting for "thattum
Die in prices An impression prevails that buyers were
So Some verdant shaky ones may have been, but |
many cool cucumbeTs and simply stood on to
take advantage OF the expected OF the
dry goods and jewelry dealers The third and last point
which the Walst. struck was the retail trade
In the cOstlIest dry goods and hOusefurnshngs The
wives and daughters Of the men who were so heavily
Involved have been unhappiy obliged TO curtal their
residence must 20 nnf1rnshed for the present In con
sequence OF Waists memorable DIES One dealer
Broadway, who estimates the falling of In his trade
at twenty per cent, shows pair of beautiful glass
chandeliers worth 600 the sale OF which certainly
DELAYED II not lost by the smash Beyond the three
Room fatal OF late than Danaes tabled chamber,
Is scarcely felt upon the FAN trade AS to the unusual
by The keen competition between tho three |
great trunk lines, 1t has, OF course operated penencay
Fastening trade aud securing numerous purchasers who
would otherwise have bought In smaller cities nearer at
hand Nevertheless, IL has not always proved an IN
mixed blessing to buyers some OF whom have ouwitted
themselves very neatly by of It, To make sure OF
The cheap feights these shrewd fellows bought large
sheetings, for instance. l6tc yard. But the
same sheetngs had FOR isc, making difference
and dead loss-of ere on the bale WINE te gam In
freight rarely amounted ~ 81.
DRY GOODS.
Despite the disposition 10 take advantage OF the cheap
treghts the trade in drygoOds began this year some
Gba late accordance with increasing ana prudent
tendency delay purchasing until supplies are actually
wanted Southern and southwestern buyers were nrst
the field and bought fully per cent more than last
year taking goods Of better quality and palmer eolors'
for which the industrious negroes begin 10 SHOW
The Western buyers were two three weeks later and
bought with particular care An unusual number OF
bills from this section, usually discounted have THIS
been allowed 70 run maturity The total sales OF dry
goods were heavier than last year up 70
the Path OF September and the subsequent cheek VIII
seps * goods for the remainder Of the season will be
sight and prices Likely 70 be well maintained.
, oLOTHIE0.