New-York tribune., 1871-04-22
ASPECTS OF TRADE.
,,r VIEWS OF BUSINESS MEN-sPRING BUYERS
~" IMPROVEMENT IN THE DRY GOODS TRADE.

,A,s snrjnQ In internal trade. Tue oclai
.rer indicate season of extraordinary prosperity
e'o'' -. a, this mort since jan have been Seooo0V
avoss q, those OF corresponding period IN ls'V "ie
.os,o production in all departments have peeh pro
~.,onatelv large; and yet there Is nothhe nAe s'
- ,no market and merchandise OF all hhos Il "'e "
av to the hands OF the consumers through VI.
nsnnels The condition Of trade, foreign ana
"a isdetermned, in great measure, py inc , a., a.,
,ons Of the Federal Government; but TINS
mas go - said promiaent merchant In re-
-. ., ,nopiries concerning the geherh "Spec'S VI
Insiness "s determined by two tnins' 9%i ii"' "
commodities remaining at the close Oh 'o sea
son and constituting basis OF eAo"'"eV' ""' f'o
q, cnrroncv which serves as an easy h'o" 'oi '"o III
terchange Of products Now a. '"o i",., sno soa
.nro Vas a vast surplus OF agricultural products
so" ~. ,,rad articles in the country In Chicago
"' ,,o 200 900 worth OF grain and flour in stOr
a ,,is IA only small proportion OF the agricultu-
Sko' ~ ' a, the interior which are awaiting trans
90 tidewater. At Southern ports vast Quanti-
80 cotton are awaiting shipment. In the East stock
asy accumulated in the hands of manufacturers.
-, section has In excess something OF which other
,s stand in pressing need and all that is required
90 nsure prosperous business season is adequate
nnlv M currency facilitate interchange of pro-
auc This condition is realized at the present time and
as natural result there has been rapid Improvement
In trade"
Many
ons were made the Of the five per cent loan,
and advantageous results were confidently predicted.
Private borrowers it said in instance, have
been unable hitherto to compete with Government,
owing 10 the high rates of interest," but the loan,
while IL will increase the tendency OF fixed capital In the
country toward permanent investment will not attract
floating capital which will be devoted TO internal trade.
and will flow naturally into industrial channels.
impetus toward the development of home industries and
a consequent Improvement in all departments OF trade
will be the natural results
The tendencies OF foreign markets are carefully studied
by business and enter largely into their calculations
OF trade Attention has been called in many quarters 70
theprobahity OF large European demand Tor al knds
vAmercan produce Cotton mills the Continent which
have been closed during the fast reopenng and
American raw material Will be In strong demand. a
movement of cereals toward Germany and France must
also be accepted fnaity. An improvement IN Tor,
en trade resulting in direct advantage to the south ana
West will have a reflex influence upon domestic manufac-
tunes stimulating the introduction OF eomnodltles manu-
featured at the North for household and personal use
The final settlement of European complications and the
resumption OF continental demands 0r AmeIca produce
sre regarded therefore with peculiar Satisfaction py
The depression Of which complaint has been made in
some departments OF trade NOT ie IN tne ary sOos
market The following statement made by member OF
prominent dry goods house is supported by the concur
rent testimony of importers and jobbers The spring
trade has been exceedingly satisfactory ana mas mort
ported during nine months is s3OoOO in excess
Of that OF corresponding period last year ana al ne
manufactures; nevertheless. the buying capacity OF the
country has not been exhausted and the prces OF ea
Indication that importers Overestimated the require
ments OF the market, and goods are moving on rapidly
obber during the last weeks is larger than has been
known in ten years Foreign goods sell freely,
reduction certain lines of domestcs in consequence Of
extensive auction sales only acts as stimulus upon the
OF British and German fabrics The city is stll crowded
with buyers although the largest dealers have already
secured their stocks. The feeling among western menls
excellent Money has been scarce in that section, but
extensions are in great measure now Psld u se with 9ni
the South has not equaled expectations although there
as whole the trade has been exceedingly satisfactory
thus far, and is matter OF eongratauOn among heasy
These general conclusions were corroborated by
series OF interviews with the heads OF departments In
trade be;1g in turn considered The results may DO
enumerated briefly Dress goods have been IN goon re-
has been felt sales have been made IN moderate qn b
demand for shawls unusually large, and ell desirable
STYLES have been already sold WOODEN go3ds on ngh,
weights have commanded ready SALE and the demands
from CITY tailOrs for fancy cassineres have Deen u
usually heavy. In linens, buyers nave taken
generally smaller than they were last year. ana the De
cded advance which has taken place IN LuI4Rs , IL nO'
lpotaons have been OF goods for Immediate use Inc
limited production Of cotton goods last Fall Owing 70 the
reduced flow of water in manufacturing streams has
tendency 70 sten prices. and the season opened WIN
fictitious rates The decline in raw material, ana the
accumulation OF stock in tie hands OF manufacturers
tended to unsettle the market and cotton goOs anu
prints nave nc' compsed na% any great decline in prices
The same is true also of domestics The market has
Dera ardiness in disp0sng OF stock being the result
The policy OF certain merchants in cutting hnes o1
domestcs has had disastrous effect In unsettng the
market In white goods trade has been excellent ana
in hosiery very extensive sales have been made In KID
gloves owing the high rates. there has been conpara
lively little trade. In silks and fancy millinery rapid
sales have been made owing to uniform rates OF foreign
In special lines Of the trade complaints of duness are
made. Importers of earpeting and mating nave Deeh
disappointed by the slowness with which goods nave
moved of. and in many instances sent large eonslgn
ments to auction houses Immense sales Of Canton ana
IDdan mating have been made. Dealers III hehP hens
burap and cOarser fabrics, have OyerstOcKeu te Ha
ket, ard are experiencing slow sales.
Complaints OF dull trade are tljudged IN some IN
stances iuasmuch as change III the haDts vi
quantities. as the demands OF country trade seem to JUS
tify l. substituted for periodic purchases Inns -
st0ck are carried and quick returns made The IA
ciities for transportation and Se
naturally encouraged this mode OF replenlsnlhg stch'
and have done away, in many instances WIN selhan-
nua invoices and shipments Hence many deaers La
ITS matter Of common observation that buyers were
never more deliberate in selecting stock nor loe pi
dent u gluging supplies by the actual wants o uade
thong1 tie impression is general that bottom prices
have been reached there is nothing IKE ~
against the possibility of carrying stock over the season.
tendecies in the market Trade be organicaly
heahiu and the business Of the country OIL sound
basis.
general merchandise, business is more quiet than In
the special department OF dry goods and III some III
stances, greatly disappOints expectations imortaOhs
generally large and the stocks carried heavy, ana
there is a growing disposition ON the part OF holders 70
meet the views Of buyers, though at sacrnce OF
current rates on staple articles The improved tone that
prevails in dry goods circles exerts reflex influence
upon other departments OF trade and dealers n bread
stufs and provisions who have been disappointed by
the limited orders from English and Continental mar
kets and have viewed with concern the material au-
vance IN freghts find grounds for announcement IN the
favorable reports which received from tine agricu
tural districts and confidently predict an active hsihes
season toward Autumn. Even those dealers VINO are
oudest IN their complaints OF duilness IN trade are
forced 10 admit that their average SAFES are Rreay ~
excess OF those OF last year, and nerchaits WHO nav
entertained the most gloomy fears OF nnaneaI
cannot lgnOre the activity that prevalls IN the srces