New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1869-12-09
THE DRY GOODS TRADE.
THE PRESENT STATE OF TRADE, SOUTHERN,
WESTERN, AND NEAR BY-GREAT DECLINE
~ upNra-GoME oR THE FIGURFS

THE PRESENT STATE OF TRADE, SOUTHERN,
WESTERN, AND NEAR BY-GREAT DECLINE
IN RHINESTONE or TIE FIGURES.
At present the trade in dry goods in this city
is exceedingly quiet for tho The houses
having Southern trade closed their active
time ago those having Western trade disappoint
ed the Fail business and some Of those having near
by trade complain though far less than tho Western
| houses. During the Fall season tho Southern trade
evisced activity than during any season since the
close the Most Of tho Southern merchants
| In much better condition than before, owing to
the good crop OF cotton and the comparatively
high price obtained for It. The Western trade has suffered
badly. The high hopes INDUCED in early in the season.
based the great harvest have proved delusive In
fact during the past two Fail the great wheat
yield has proved detrment to trade. ago, West
ern farmers satisfied with the prices obtanable
at the time OF harvest and held back from selling hoping
TO command higher prices tho season advanced. In
this hope they disappointed and grain steadily
declined they forced late In the season. to accept
low prices carry their grain to another This
Fall another yield and the decline in gold have
carried prices sl lower, that In many sections the
producer has received little or no prOht on the actual
cost of raising grain The tghtness OF money among faf
ers Of course prevented settlements with tho merchants
aud in the local traders could not make payments 10
their Eastern creditors The result has BEEN therefore,
all through the FALL great difficulty In procuring money
due from the West. Such being the case, sound mefy
chants I'm the West have bought sparingly-whch has
greatly diminished the volume Of trade-and doubtful
merchants have been sold TO with more reluctance ana
care than usual. Notwithstanding THIS care, Eastern
merchants seriously incommodcd. ana In many cases
embarrassed by the difficulty ~ collecting from tho
West, aud many failures will probably occnr during tho
next co days The nearby trade has, In the main.
been good, the principal houses having held their
own, and having increased their trade AZ com
pared with tho Fail business OF last year; Among
these houses collections are reported abOnt
prompt usual Several firms IN this branch OF trade
win retire the 1st Of January and probably the heavy
expenses attending business Ia NewlOrk at present VIII
use up" many The prospect now Is that those
StuuCh through
disaster, and conflne themselves strictly thirty day
business Will have more successful year before them,
competition VIII be less aud expenses greatly dnin
ised. AprOpOs Of this last remark is the subject OF
rents Ever since the enormous profits incident 10 trans
acting business during tho realized by those In
the dry goods trade landlords owning property In tho
dry goods district have exacted rents far beyond
tho ability of any business 10 paw except
In war times. But tho two or three hard
years through which merchants have is passed. have