Middletown transcript., 1873-11-08
The Stringency.

now 1T mas AFFECTED PHILADELPHIA
With view to ascertaining = correct
account Of the effect produced upon the
business interests Of Philadelphia BY the
late panic aud the present stringeucy Of
the money market, reporter Of tho hn-
qnirer, Of that city. recently visited a
number Of the lending firms in the Dry
Goods trade and made inquiries concern.
ing the prices Of goods at the prescn, time.
The following is an extract from con.
versation with Mr.. Charles Sharpless, Of
the Grm Of Sharplcss h Sons:
RxPoRrrR-Have prices depressed much :?
Mn. SmARrLEss.--Iu some goods there
has been reduction Of from ten To thirty
per cent. Take merinoes. for iustance
Last season there was great denand for
"ssgcs" and greens" (colors). aud hav-
ing only tha. preference to guide them in
ordering for tho present season. immense
stocks Of these colors have been ordered
by merchants. The demand turns ou, to
be for n reverse color. 'cloth blues" aud
"szulinc blues" being most looked for.
The consequence is that the other colors.
Of which there is superabundnncc, are
unstable and have fallen in price
RgroRrrR. Then such fall 10 price is
NOT entirely ascribablc 10 the panc?
Mn. SaaRpLEss. Not entirely. Always
q. this season there is some abatement Of
the kind. but n scarcity Of money. or ra,h-
er fear to part with il on the par. OF
those who would otherwise be the pnrchas-
ers Of such goods, makes thcm fall SO
much lower.
REroRrsR How abou. staple goods?
Mn. SuARPLrss. With the exception Of
slight reduction in co,,on goods, sta, 10
or desirable goods hold their own.
REroRrgR.- there has no, been Q
grand tumble Of fifty per cent" in the
general prices?
Mr.. Shsrpless smiled and said. +" Not
quite, with the exception OF the slight fall
in cotton goods. which | referred to, there
has been no material chsngc in prices for
desirable goods" To q question concern
ing New York houses and prices. ,hs gen.
,lcman said that there is no difference be.
tween the affairs Of the trade in tho two
cities. lie had attended 4 large sale 10
New York few days ago. and found shst
while there was \ falling Of Of frem ten to
thirty per cent in undesirable goods. the
desirable lines sold firm At full prices.
| Oshsr Dry 0eeds Fsrsss
| Were applied TO-, aud the result con.
6rmed the inf"rma,ion kindly given BY
Mr.. Shsrpless. Among those called upon
was the firm Of Messrs John W. Thomss
X Co. .onc ef the members Of which ssid
thst no littlo Of the confusion now pre-
vsiling In the dry goods aud other bust
nsss 10 caused BY dealers themselves. who.
departing from wise system of liberal
but Legitimate advertising. resort 10 clap.
trap falrehoods. and give the community
= wrong impression. which in the end.
rsssIss very harmfally. Referring to :
recent announesasnt which found plsce
10 some Of the newspapers Of this city.
70 the effect thst A. r. Stewart had re-
dueed prices 80 eeat.. the gentleman
ssid--" Every buainc.s msu Of course.
knows shst was. to esll Il By plsin term.
simply . lie. Like al other Arms 10
the ssme trade. thcre wss no doubt .
heavy rsductiou. By Stewart. Of prices i,r
undssissbls sssds. bat ordinarily speak
Ing. bic prices wsvs almost snehsnesd
oehsrwise, % - proved BY . member
of ths trade n THE city. Who went through
e'swas : Tie other dsy. and made u.
qsisy . % pvioes.
The trouble % tie Esst Tsunsssee. Wiz.
| eipla ao1 0sot6is tailsesd u unadiustsd.
i IL stslkin1 tnSlueesp Wlll not alloe
eFtl6ht stsi6S y sSvs. NJ freight ~ tese
/ eossisd avst W ssod otnss csi1sy. The
i - ttnlcesGo Sego,ssiy USoss isscs.
o9eAeo y Uor1o9 y s1ssshso&s " thslv
n )l|ly - - otad salp foele. Dosesal
o1s q SstAeo 6ASo - lyiug