New-York tribune., 1870-08-25
LOCAL MISCELLANY.
THE FALL TRADE.

. prv1vAI-TIE RESULT OF THE SPRING BUsl- |
Nrss-CONDTTIoN OF THB MONEY MARKET
THE CROP PROSPECTs-A Gooo TRADE AN
TICIPATED-THE TAXES ON mkhohANiS fE-
DUCED. :,
Tho merchants of this city are buslly en-
a., rreparing fer the Fall trade, which viii shortly
nce In fact in some branches the Summer inac-
60, 90 already over, and the Fall uaoc Is oesihig 10
"a brisk This Is largely the case WIN commission
A,sos and iobbing houses engSseu !" .i"ue WIZ" 'no
o. vest and South The customary oru'r III "ii' u'"o
%" a, as follows: First comes the trade OF inc manu-
H"'0 1t Of the commission dealer, next OF the job
i@o"' . =. distant customers, and finally that oi the
'i aouiog to ncighborng and city dealers, 'ue
,.u,facturer is compelled to look tar a"ea" " -
80 a, anticipate styles, to devote inc Spins 49,
- - abe ma pufacture OF goods ior run "'''' -.
M ~ ri, aDd Winter 10 the production Oh soouS 'oi
snr,nc and Summer As these are prouuceu' "'v ,a
,ssion dealer is called on for advances 70 Ny'p
-,uir, sailing on time and advancing 10 m'h"
toetnrers renders it necessary fer co'i'',''' -,
chant who does a considerable business 10 ooip's
eon,a, and In most cases to use MS oIe"V III u.NO
A., hv accepting the drafts of the mahuiac'urer'
h realizes money on the acceptance oy e''her so'""s
y ~ a,oa - bis hank or selling IL through note
- Hence the condition OF the money market ne
- vory important consideration in making calcula
t,on,a for a seasons business.
During the Summer closing, money has been very
abundant loanug readily at three OF four per cent ON
demand for mercantile notes, and the obligations OF first
class houses have found ready sale at from six TO seven
ner cent per annum. These ratesnNaTaby advance as
the Fan season approaches as the effect of the drain oil
money TO the West and S0nth to move the crops Is
always anticipated even before it commences Beside
during the Fall the operations of merchants are
on much more extended scale than at other seasons
and greater amount Of money needed 10 conduct their
business. These have already operated to adj
vance the rates at which mercantile paper will SELL and
good acceptances and single names are now offered a
eight per cent per The in money which has
existed during the Summer has been benehclal To the
manufacturer, who has been enabled thereby 10 obtain
money at low rates at the season when ne requires II
most. There have been but few lllies IN Ihc sSiie ~
trade Of the city curing the sumner, Party oWIS % ~
this abundance money. and partly on account or the
careful in which business has been conducted
In NAV be remembered that at the opening Of the
spin trade the prospect was thing but encouraging
profabie season TINS led to careful mauaaement Of
their business, curtment of expenses, Limitation OF
credit and carrying Of reduced stocks. The result
has been that the dangers that impended have been
averted Though business cannot be said to have been
very profitable the season has been favorable than
was anticipated The late Fall and Winter however,
the trying Tlen the accepanceS OF the com
mission houses, advanced to manufacturers four or six
months earlier become due, rs also do the notes gwen
by the 0bbcrs for the goods purchased or their Fan trade
Ii the has been prosperous and collections gOod
OF these obligations are easily met 6t -as has
been the case very often oi late yeas-coeclohs ar
slow and money at the hight OF the season Il scarce and
commands high rates many failures occur. 80 many
merchants are really lns0lVgn1, ana GONG business IN
effect. borrowed capital; tha tight money market IN
continue to borrow OF Peter TO pay Paul thr notes
paid, but when they can no LONGER borrow they la
imnortaIf in its hearing ON business is the condition of
the crops throughout The country. good crop Is or
dnary the foreUnner OF good and profitable business
earlier, aIxiousy examine into the condition OF the
growing and gathered crops, and base calculations ia
great measure on their condition \ good crop of ITSELF
however is not sufficient to guarantee good business
The demand must be sufficient TO render the price re-
muneratye 20 the producer. Last Fan we haG & a very ~
abundant harvest but its abundance caused the pce OF
grain decline much that farmers would not sell, or
II they did sell they received scdrSey ehouS 10 Iepy
the Outy actually incurred IN raising the crop
consequence the farmer was unable 10 pay the local
dealer whom he i'll most cases, greatly IN dep
and the retail dealer was, therefore, uhaOe 10 pay LIS
account with the Eastern job1er The result was very
unprOhtahe for merchants, III pace OF tAe uu
sually good one that was anticipated rms year tne
advance even before was declared. 1t Is peheVed
that farmers will realize good pllce Tor l9er gis @
throughout the If the war should soon I
inmate If should continue the waste and destruction
Incident TO war and the withdrawal % such vast mum
hers of men from agricultural pursuits cannot 1a 10
keep up the Trces OF our Western products.
The general feeling thrOugh0ut the S!S anqns t i %
merchants the favorable condition OF the agr
cultural interests OF the country is Iat NvS g Te m
trade will be transaeted during the eonE ino
iobbers engaged in western trade are already que psy
There many Western men In town tnus cary 70 4ie
purchases, ana the season VPc4io - f dr.,
rope directly affects the dealers in many classes OF Ty
The rise In gold occasioned by the war OF course Affects
dealers any and all classes OF goods Ihere mas Deeh
an advance in the PRICES of German ana tiehcn EoOs
amounting 10 70 20 per cent Ihls does not seem
large advance, considering the causes uiat nav m l
duced il Should the continue undoubtedly JhesG
goods must advance still more IN PI1sSl9 ~ Is M WI
Known every man a soldier ana already all the young
A "a able bodied between certain ages are IN tne
army. This has Interrupted manufac turing ana ioueh-
out the kingdom large proportion OF the factories arc
closed Should this continue long, scarcity Of certln
Kinds of foreign goods must be produced. The
moderate advance which has already taken pIace
is explained by the feeling that the Wal WaI
may not be long one, and the caution tiat prevents
specuaton when sudden cessation OF hostitles mghi
again reduce prices. The war between AuslIla ahu
Prussia closed very suddenly. The entire prospects OF
trade i'm goods manufactured by the belgerenI naons
were i'm changed. Merchants learned IRON
their experience that time the danger 81 Toe
for success on OF war
The new Internal Revenue law has hghtened the bur
den of the merchants to great an extern a. OF any
siass Tle lax on sales which all wholesale Inerchahts
were required 10 pay, has been repealed Another Dor
tax but one amounting to considerable I'D lhe agsIc6ao
namely. the stamp receipts-has also Deel re-
neaIed The changes in the tax law will add materially
IN the pros of some great houses, the taxes mere
tofore maid bv theu but now required no longer than
until October l. amounting from $4,000 to $4,000 per
annun.