New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-10-12
ORLEANS THURSDAY OCTOBER r. 1871
Correspondence of the Republican,
THE NEW YORK DRY GOODS TR An

Correspondence of the Republican,
THE NEW YORK DRY GOODS TRADE
New YORK, October S. 1871.
EDITOR REPUBLICAN:
The season is sufficiently advanced I.
take a survey Of the business field here
and conclusions may now be arrived at will
considerable accuracy. Trade general,
has been good, and in many cases bust
nesses have run themselves during the sea
son, from there being large demands fol
popular makes of goods. The salesman
vocation has been gone, go far as tact was
needed in handling buyers. Many New
England and Philadelphia manufacturers
have orders ahead for goods, which they
are not likely to fill entirely this season.
This applies largely to the dry goods trade.
There never was time when stocks Of desir-
able articles were so low in first hands. Such
q state of the market is taken advantage of
by merchants to unload stocks of old goods.
Their attempts in this direction have failed.
Buyers generally seemed to understand
what they wanted, and have bought freely
all goods of certain class which have been
offered.
The season on American prints has been
particularly good. There has been a con.
slant demand for novelty in their STYLES,
and no trouble has been experienced for
weeks in disposing Of neat patterns, even at
the considerable advance on last seasons
quotations. The tone of the dry goods mar
ket has been altogether healthy one lately.
1t was the growing opinion for weeks before
the late general advance in prices, that
goods were too low; that manufacturers
could not hold out much longer and that
ward. So when the thing commenced. it
communicated itself to nearly all branches of
manufactures. 1t rather surprised the gen.
eral public, who did not know of the under.
current in this direction, that the manufac-
turers should all find out together on q
certain morning Of the year, that they had
not been making money. Nov that some
cotton goods have settled back to what is
considered their proper value, it is the pre-
vailing opinion here among merchants that
difficulty. What insures this is the scarcity
Of goods.
Last season the consumers had it all their
own way; the impression existed that goods
were high, and that they had not touched
bottom since the war; they acted upon this
belief. and sbstained from buying, to very
great extent. The want Of confidence in
prices and the efforts to force trade bore
their fruit. Goods were sold at such prices
that it was simply ruinous to produce them.
and even retailers could not command fair
profits on things bought at sacrifice. Con-
sumers have lost their opportunity. They
are now buying freely at rates ten to ff.
teen per cent higher than they were paving
a few months since. This is true of cotton.
linen and wOolen merchandise.
Linen goods were especially low. and our |
market has had the full benefit Of it. They |
have been sold at prices lower than before |
our war. The German war gave an impetus |
to trade in the north of Ireland the first |
advance Of ten per cent was on yarns which
had been ranging at ridiculOusly low figures:
then the operatives demanded an advance
on wages Of ten per cent, which was acceded
to. The latest reports from that quarter
state. that ten per cent advance On linens
in the brown has been made, and the ope-
ratives are clamoring for a further advance
on wages. The chances are that linen
fabrics will not range at last seasons prices
again for years. The fax spinners have
suffered most by the depression in the
linen trade: only the wealthieet firms were
able to hold out. Many retailers in this
country are selling linens at prices they
can not replace them at. The last advance
will not affect our market for this season.
as everything had been ordered; but Or
liers placed for next season will show a
clear ten per cent upon the advanced prices
paid this fall,
This season bids fair to be profitable
one to all classes of dealers. Many articles
which have been unsettled in prices have
found bottom. There seems to be no dis
position to force prices higher on cotton
abrics; If they 90 up advances will not
lkely De sustained, as there is at present
10 natural cause for them.
There will be u sliding scale for prices of
articles OF French manufacture, as many
classes OF silk goods, fine dress fabrics, ETC.,
ire scarce, and this market will only be
,artly supplied, as the continental demand
9 great. Foreign dealers are paying more
or goods than our buyers are willing to
'ay IN many instances. There is a mistaken
mpre sslon that our importers pay higher
or goods abroad than do buyers from other
markets. The fact is that we send out some
# the best and closest buyers to be found
nywhere. For shrewdness and Judgment
n handling foreign merchants they nre un-
Although large orders will be placed BY
ur buyers in the European market for the
pring trade, there seems to be but little
anger OF the market here being overloaded,
ertainly not till the end of next season,
it happens at all. The effect of the Grip
led state of the French manufacturing in
'rests and the short production of German
ares, resulting from the late war, can only
{, overcome by the steady employment Of
II producers in both countries for over a
ear to come. Therefore, our merchants
re not likely to have their heads turned ,
= their low stocks and constant pressure
# goods. Orders simply can not be exc I
lted if given. ORMOND.
HANDSOME ST. CHARLES AVENUE Res
'EScE AND GROUNDS AT PUBLIC AUCTION.
essrs. Nash & Hodgson, auctioneers, will
III at auction next Saturday, that choice
mllV residence with rrourda Of nv 120 I