The south-western. [volume] (Shreveport, La.) 1852-1870, 1870-04-06
Commercial Intelligence.
SoUTH- WESTERN OFFICE

Shreveport, April 6, 1870.
The results OIL the past week have been by no mean
gratifying 10 our merchants, either wholesale retail
though some of the latter who have received thei
spring stocks have enjoyed good local trade as tn
ladies are on the alert to get first choice Of the
styles and patterns. Certain lines of fancy dry good
in New York have materially declined, owing, to some
extent to the rivalry between the two leading honses
Stewart and Cafin Co. From personal pque these
mammoth establishments began to under mark each
Other and the result has been a marked decline in q
class OF both fancy and staple goods-the latter being
sold at less than manufacturers prices 1t would be
strange indeed if this rivalry should not cause the
financial ruin of hundreds of smaller dealers in New
York.
Responsive to this decline in the great commercial
emporium, merchants have lowered their prices
correspondingy and both fancy and staple goods
be purchased in this market prices reasona
Bile as could be demanded or expected. Many Of the
shrewdest merchants from the interior prefer purchas
ing here, as the small profits demanded first cost
are more than offset by the expense and delay attend
ing trip in person to New Orleans or n ew York
The meagre profits realized upon staple groceries
would not pay the legitimate expenses of house rent,
taxes, clerks hire &c, the sales not very heavy;
and this fact fear, will have tendency to in time
drive out small dealers of limited capital for they are
forced to come down to the ruling standard of profits
or keep their produce on hand. reference to our
price lists will show that staple groceries and dry goods
can be purchased here within fraction of New Orleans
and New York quotations
Without venturing any opinion as to the future of
cotton gold we would remark that all things con-
sdered the former keeps well up and that as regards
gold, it has been more uniform the past week than
usual Possibly, may prove correct in the previous
expressed opinion in opposition to that of the leading
commercial men and journals of the country, that
specie basis will not be reach ed In that shall
not be at all tempted to arrogae to ourselves superior
Judgment, for we thought then and think now, that
mule knew much positively in the premises those
ournals--or ourselves.
We find the following remarks in the commercial col
of the New Orleans Times Of the 3Oth ofMarch
Notwithstanding the free arrivals of cotton at this
port, we meet with very few who estimate the entire
crop at over $780, 900 bales which is about 100000 in
Of the prevailing estimates early in the season
The apprehension that liberal receipts will have an
unfavorabe effect the Liverpool market has no
doubt not been without its influence in restricting the
demand, which continued slack throughout the day.
Antelope" the New York correspondent of the Pic
ayune under date of the Gath March, says:
The cotton market hangs fire and spinners vari-
able as to the future. ! repeat however, former
mark that the staple pretty safe at 20c for the bal
of the gear. To-day low middng, on the spot is
221c and for all the months 22c. is bid and 2215s
asked. New Orleans, 1t Is now thought, Will get O0
900 bales OF the present crop and the total yield will
be nearly up to 5000 900 bales.
Col. Wright in his circular o-morrow, will show
that exports to Great Britain within 50
600 bales OF the whole amount sent forward last year.
while our exports to the Continent already ahead
of the total last year.
Our cotton exports last week were the heaviest of
the year, reaching 95,268 bales.
Liverpool holds up well in the face of her threatened
heavy imports for which manufacturers have to thank
the short interest Exporters ont of this
ket our prices being above Liverpool.
He has the following paragraph in reference to gold
When is fully known that the funding bill is dead
gold will rise, and probably cotton oo and the two
are just now more closely linked together than
Oper atoms in cotton yesterday were very lin
tied scale, buyers somewhat reluctant to up to
the figures demanded by factors. We repeat quo
tatons of yesterday with the remark that the market
quiet and sales few In currency, ordinary 1740
l716, good ordinary l87l@1811 and low mddliug l9H@
1890. In gold
Ordinary l559gl5%
Low Middhng Observation-Disclosures. .l7H@l7%
COTTON STATEMENT.
Stock hand Sept. l, 1869 bales. Sc
Received yesterday Observation-Disclosures, 276
Received previously. 65l-9l,9 1927
81 983