, 1870-08-27
TIE FALL TRADE,
N AhesaSal-Thc lcAult OF shc Spring
HustncAA-Eonxtittoi or the m 1oncy
MaFGct = The Crop Prospects - A
Good TFndc Asatictpntcd-Thc Tux.

a AAeSaTa1-'Thc Result of tho Sprina
BustncAA-Eonditto OF the m onc,
MarHct - The Crop Frospccaa A
Good Trade cAnttctpntcd-TheT Tax
c. on Merchants dsrduceds
., Fsun the .Stse York 7s1bum., Axg. "a
The merchants OF this city zre buslly en-
gagged IN preparing for tue fall trade, which
viii shortly commence. In fact, in some
branches ahe fall trade is beginning to be
bril- hii,k. 1ais is hohns lsrso'y the case
1lonass cusascd in trade with tbs
far Ntrt aud SOUTH Tho customarr otdor in
which trade u,ovcs IN as follows: First comes
tie trade OF tho manufacturer, next of the
tsnnli-slun tca'tr, next Ut t.,e jobber selling
IT, Instant customers, and finally sllat OF the
iobter s*.llioE to neigh.onng and city dealsr4.
ahead OF tile tc1son, to anticipate styles, to
devote the A;sr1uE and summer 10 the mann
facture OF soNls for fall trade, aud tho late
fsll aud wi'.ttr 10 tho production. u goods for
sFt1ug and summer Az tAe>e a1e
produced, tho commission dealer il
cAlled On Tor ADVANCES 20 keep tho fac
tory fuGnlnE. Selling ou time, an.i uivanciur
to manufacturers, renders il NECESSARY for
commission merchant Who does ! cunHidera-
bic olhtEess 10 employ large capital, and.
~ hott cakcs, 10 Use Ills credit il addition,
Ihls - done l,y ar :cpiinE tho drafts Of tho
manufacturer. who realszes nluueY ou the nc-
cepiance tiy either geit.aG it discounted At
Hence the conlitiou vi tho m9uey market
becomes %ery lm;lorsaut consideration in
nAEslE calculation. log seasons .sastnesa.
During The eu.nm r NOW closiue money has
Teen very a','!:laut, 1oariug readily at j or
l,e1 cent Oil call Tlcre hA. also, throughout
the eeasnn, been good demand for morrAu-
1l!a notes, aud The Obligations OF first-class
houses have found ready rat. 1T from 6 to
pc. cert per an'.nu,. 1ll1ae rates iuyaEinbly
adv4uce a. f:.e fl! .e2 Oh aplroaclsss, as the
cHcct OF Tic drain Of money to tho West and
Stuth. 10 tnoTe tie crops, II always antitl-
during tbs fall SEASON thu operations
OF Merchants are un much more
extended scale than ut other seasons,
aud grcatel amouut Of money ia needed to
..u,M...ci their tusiEtst. 1hesa causas hAro
alrCany ope.atssi to advance the rates at which
mercantile paper will aell, aud good accept
auccs and tilEi+ names are now offered at 8
per crht ptr annunl- Tie ease in money
which has existed during the summer has boon
beneficial to tho manufacturer, who has been
enabled thereby to obtain money at low rntes
at the sc4son when he required it most.
There have been but few failures in the gem
eta1 trade Of the city during the summer.
partly owing to this abunlancs OF money,
aud partly OH account Of the careful manner
IN which business has been conducted.
1t may be Remembered that at tho opening OF
the sp1ii'g trade LII, prospect Was an, tGiug
t'ut encouraging. In fact. merchants general
y antictpased q dull and Improbable se1eon.
Ilis led to u careful management Of their
fnsluess, a curtailn,en: Of c1peilsas, tiu,,ta-
tiois OF credit, and the carrying Of ralueed
stocks. The result has been that the dangers
that impeodea have been avested. Though
huriness cannot To 4aid to haSo boon very
profitable. tho season has been smore
4 re In ff,Ar - ~
ano "1nler are. hoEever, the trying aoa-
eoHs. 1htn the acceptance, OF < tlA
commission houses, advanced to m4uu-
facturers four or six months earlier.
become due, NJ also do tho notes given
by The 1obhers for the goods purchased for
thelF fall trade: II tue so lson has tecn pros-
Porous and collections good, Of courBo thess
obligations IRE easily met; but if-ss Las
leen tie case very often OF late ysazs-sol-
ltctIons are slow, and money at the height Of
the season IL scarce and commands high rates,
haiiy isiIufes OCCUR. So mauy merch ants arc
really iutolyent, aud doing business ip effect.
on borrowed capital. that tight money mar
Let III thu fall season brings them to grief.
A. long as tlty CAL continue to borrow from
Peter 10 pay Paul their notes are paid, but
when they can no longcr borrow they f.il.
Important AZ IL the condition Of tho money
nsIket il producing Sood or 4 poor
business season, eti;l more important III its
*.%AAAA}7 OtA oAHiAEoa IN Al4G C1u4l(1QU OF
The crops throughout the county A good
crup IL orlinatay tie furcruuncr u good aud
llOuEfle bs1Sltles1 seq .4. O.s5 Eler:tl .t!ts at
this heaAnn Of tho Year, ati1 earlier, an1iously
cxan1tIe Into thu condision uf tl,s growing aud
gathered ciol's, ahI base Calculations, in great
lcssuTe, OIL their c,,s..iti.Ir,. 4 good crop OF
Itself, however, il not sitticl-nt to guarantee
good onnueea- ihc dauRs.u must be sufficient
to ten,acr uAe prict 1enluue1Ativa to ,Ae pro-
ductr. Last falE we lad d very abuild1ut lar
vest, hut ith aGunaauca caused the price of
grain to 1t1.lu.e 10 much thAt farmers would
scarcely enough to repay them for the outlay
actually incurred in RAISING tho crop. In conse-
quence the f1r4ner WAS unable 10 pay the local
dealer to WilD1l hH TAr, III most c1scs, greatly
III debt, aud the retail dealer WIS, therefore,
unable to pay his account with tho E,starn
iobber- Tie result Was very uuproftahle
season for merchants, in t,t7ce OF the uuusu-
ally good one that was anticipated. This year
the dEonth in Europe had caused prices OF
Eraln to materially aIsAnce, even before war
uas declared It il believed that farmers will
realize good price fur their grain through
out tue seas.u, even il the war should soon
terminate. II 1t should continue, the waste
and destruction incident to WAY, and the With
draw1i Of such vast numbers Of men from
agricultural pursuits, cannot fail to keep up
the prices OF our Western products.
The general feeling throughout The city
AMONG our merchants, based on the favorable
coL1itinn Of the Agricultural intcrests Of the
country, il that seFy good fall trsle will be
transacted durug tle coming months. Tho
jobbers cugasett in Western tfado aro already
quite busy Therc arc many Western men in
town taus early enough to nake purul, Uses,
aud tic scaton opens we'll. Tbs var III
Europe directly at1ects the dea1crs in many
classes Of dry and fancy Goods manufactured
in Germany ant1 Franco. Tho Fisa in gold oe-
~
in nny anu all clasees OF gools.
There has bee,. an advance ID the
pr1ees OF German aud Fronch goods amounting
to ftom 10 tn 20 l'or cent. This doos not seem
large advance, considering the causes tha,
have induced it. Sho:lsd she war continue,
morc. III riuseia, it is well kroau, ovory
man il = soldier, and alrcAdy all tho sounE
a1,I A1,ic bodied nleE between ccrtaiu ages
arc III tho array This has interrupted n 4slu'
fac;rHnE. and tlruuGlnut tic kingdom i
large ltoport on Of tie factories aro closed
tau kinds OF foreign Epois must be produces !.
The moderate advaLsas Which has ALREADY
tAleE place il explained by tho feeling that
the war may not bn Il long one, and tho catt.
tlcil tfl1f Prevent, Speculation, when ns;,dAeu
cessation OF hostilisics might again reducu
prices. The war between Austria and Prussia
closed very suddenly. Tho entire prospects ol
cnt nations were, in consequence, changed.
Merchants lcafned from their experience At
that tine tho danger Of too extended operA-
tlors dependent Tor SUCCESS o., continuation
OF wnr
Tue ncw internal revenue law 1,as 1ightencd
the bur.len Of the merchants to al great AZ
eateht ~ Of any class. Thu tax on s,les
which all Wholesale merchants were requires
to pay, has tcen repealed. Another minol
lax, hut one amounting to considerable in til.
nsgresatc-uamely. the stamp tar on re
ceipts-lia- also l,tcn repealed The change
in the tax Law will add materially to the prof
itB Of rOuie Of our great touses, the take
heretofore t.aid by them, but now require
no longer tIAn October i. anouptin: to froS