The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1869-10-08
THE FALL TRADE IN NEW YORK.

THE FALL TR4DE IN NEW fOhh.
Brisk Business and Cheering Pros
pects-The Southern Trade Treb1ed-
Western Cities Competing with New
York-Xvhat is Doing in Dry Goods,
Clothing, Boots and Shoes, Hardware
and other Lines.
Our merchants generally will read with in
terest the following remarks on the condition
of the fall trade in New York, which we find
in the New York Times of Monday last:
EFFECT OF TIE GOLD EXCITEMENT UPON GENE
RAJ TRADE.
The late excitement in Wall street has had
very little effect on the present fall trade pros
meets The city was full OF buyers from all
points when the speculative mania was at its
highest and with the exception OF the dry
goods business no branch Of trade seemed to
6e affected by it. This line Is more sensitive
than any other to changes Of the financial
barometer, because of its sympathy with the
ruling rates for cotton, which are to very
preat extent regulated by the price of gold.
In the other lines of trade dealers affirm that
no material change Is apparent that can De
traced to the gold excitement. Som. few
DuverS perhaps ulu uOI pulCllt@oC 40 CAtCu-
siycly as as they would have done had there
been no fare-up in Wall street; but as the
season will doubtless be long one, these will
supplement their purchases by orders for
further supplies when the financial atmosphere
shall have regained Its wonted serenity.
A marked feature of trade this fall is the in
crease of Southern buyers and the demand
very generally among them for first class
goods. In nearly every branch of business
this increase is noticeable, and Is cheering
index of the recuperative progress going on In
the Southern States The clothing business
here is beginning 10 be affected by western
competition, and the general opinion Is that
the trade with New York In this particular line
reached its acme In 1868.
DRY GOODS. o.
The trade this. year commenced somewhat SOM what
late owing to the tendency, more anu morc
nerceptible every year, TO delay obtaining sup
plies until they are actually wanted, ana tnls
il encouraged by increased facilities OF trans
portation. The South and Southwest were first
in market, and they were the most important
purchasers, due to the large compensation oD-
iained for the cotton crop, which this year was
received by the planters themselves. Ihe
wear before they sold their cotton at low prices,
60 that brokers and others availed themselves
of the subsequent large advance. Ihe South
was bare of goods, and were liberal purcnas-
ers. not. however, on q scale that partook ID
the least of speculation: A.,
At the time of the raid upon Wall street the
city was well filled with customers from oil
parts of the Union, and there was good pros
pect of satisfactory season. But the a1lalr III
Wall street came with such suddenness anu
severity that many customers. unable 10 latnOm
the extent of the disaster, suddenly lelt lne
city. and others whose visits are seldom omit
ted made light purchases at chicago. 81. LOUIS,
Cincinnati. Memphis and other distributing
no;nts conveniently reached. The trade has
fallen off In volume about thirty per cent. and
there has been some decline in cotton goods Ill
sympathy with the fall OF cotton which took
place. As. however, the country Is not yet
supplied, the season will be heightened beyond
what is usual. Many dealers suppose that the
relaxation which is now going on. In the recent
severe demand for money In Wall street to
carry stocks at high prices, will have the effect
ultimately TO make the trade of the season ac-
tive.
BOOTS AND SHOES
| The number of buyers in this branch OF
trade is unusually large. especially from the
South and West. The number OF home buyers
is about the same as last year.. ABOUT four
weeks AGO the rush hither of Southern and
Western merchants began, and 1t very soon
became patent to prominent wholesalers in the
| CITY that the trade for this season promised to
be more than usually brisk; and at this writing
| t is much better than 1t was last fall. The
stocks in market were quite large when the
business set in; but in many instances this
supply had to be supplemented by new manu-
| factures in order to meet the large and con-
] stantly increasing demands that were made
| upon the principal houses. noticeable fact
! i'm connection with this trade Is the vast In
| crease of orders from the South, which are
| now far in advance of those of any year since
the war. For the Southern market, too, q
better quality of goods is demanded than has
usually been asked for to supply that region.
| An instance of this may be mentioned a
prominent wholesale house in Murray street
received, the other day, an order from firm
in Savannah TO the following effect: Scents
Send us on, as soon us possible, twelve cases
| of brogans mems wear. BE sure and send the
best quality, for, as every negro in this neigh
bOrhOOd expects TO go to Congress, none others
are saleablc." There is no material deviation
from the price list that obtained last year, SO
far as sales have been made this season.
CLOTHING.
The home demand for clothing this season
| is fair, though not in advance Of last fall; If
anything it is less urgent. The Southern trade
is looking up remarkably; sales, in most cases,
being made on the strength of the coming cot
ton crop, which will bring. payments generally
into january, 1870. This increase of Southern
trade is more observable in this branch of
business than in any other. A better class OF
goods is being shipped to the South than ever
before, and payments Tor the last seasons
sales are coming in with exceeding prompt
ncss-the complaint of scarcity Of money,
which has, for some years past, been chronic
purchasers. Prices range about the same rs
last year. If there can be a comparative
average struck in this respect it must be at
than the ruling rate for 1868. Although the
sales 10 the West for this season are about
equal, in The aggregate, 10 those of last year,
the profits thereon are trlfie less. This
arises from the fact that serious competition
has grown up lately between the Western
cities and New ,rS;,.ta York; Large "a clothing
Cincinnati and other places. from which
the retailers of the West are solicited to draw
their supplies; and as these new establish
ments have marked down their goods to the
New York standard. the wholesalers here have
been compelled to come down still lower in
order to induce purchasers. We're it not that
freghts are remarkably low, the Western trade
with this city would not be so good as it was
In 1885, In respect to the South the case is