The New York herald., 1873-11-04

"
scsst IA cases to-day where the landlords could
% n s hss
sion Of months time: howsver aii iandosas . as
cs ~ 1n's euen
THE IMPORTING TRADE
It is impossible at this moment TO form any idea
with reference to the demands that have been
made by merchants upon foreign importers in con-
trast with similar demands at the period last
there has been q large diminution in the business
OF importing. 1t results not less from the unwil-
ingness on the part OF importers to form new con-
tracts than from the decrease on the part OF the
consumer and the retailer. In other words, the
crisis seems to have taught q widespread lesson
OF silks, laces and other fine foreign goods already
on hand will suifice 70 supply our buxOm danes
and dashng demoiselles for many day TO come
The price OF this class OF goods has been somewhat
reduced OF late, lor there Is an evident disposition
ont on the part Of importers 70 adapt them, snn
hour In short, it may be accepted as =
fact that the pending two months Of crisis are
full OF results such az we have not seen Tor many
years. Commercially speaking, they may prove
full OF benefit 1t viii be blessing to the country
when, like the people OF France, we can live within
exports.
THE JoBBERs AND RETAILERS.
The same influences that operate and anect the
degree, to the retail trade, and through the retail
trade to the wholesale merchant 1t Is reasonable
to suppose that In the present state OF aalrs-nOW
that there il o prospect Of family expenses being
curtaied-that Q great many little articles incl
dental to the luxures OF domestic life win not be
in earnest demand. "A visit among the jobbers
and retailers faed TO elicit an encourag.
ing statement o. the o. situation; 0ns and
upon the contraction ol values 8nd decline III the
characterIstic excitement TO purchase articles OF
lutte necessities OF life, and prices have been re-
duced to meet the requirements Of the hour. As
By ss in the
made by jobbers, 1t is impossible to make any esti-
mate. The opinions OF an individual however
competent could scarcely convey correct I'M
preston Of the present situation Of AFFAIRS. That
the loss to the country from the depression OF re-
aggregate may be accepted as q foregone conclu-
sion. When so many hundred thousand people are
out Of Sd money
economy must succeed.
Wright q CO. gave q significant statement In
regard TO the effect OF the panic in the cotton
market. On the goth OF September low mlddling
%dans was quoted before the
panic and yesterday at 141ic, so that the decline
has been about 4Ac. The decline has been con-
tinuous, and applies to all the other branches
The middlng uplands regulates the prices OF all the
rest. New York deals mostly In uplands and Ala
mills being closed, there is comparatively no COM
petition now, and the market Is almost entirely IN
the hands OF sxportsrs the dicglty Of ssng
the demand TO be very limited, even for export.
The receipts at all the ports were very heavy yes
ceipts OF the same day last year.
The reporter saw several other cotton brokers,
ana they expressed the opinion anat the prospeGes Gus
pend upon the depression OF prices In Liverpool
consequent upon the advanced rate OF the Bank
Of England. In regard to the falling on In the
orders and the amount Of bills maturing on the 1st
and Sd Of December, as conrasted with the LIST and
business WAS done sSsf BY drafts drawn at sight
PRODUCE.
Mr. Walker, OF the Produce Exchange gave some
1puh hn IN nafu in afYoNN fn
on the various articles OF produce. He said the
prices were all lower now, but thc panic had very
other causes The reason why Ctts were lower
was because the movements / om the West
had increased, and the lower price OF corn
ment, but to the large arry Is IN England
Immediately following the panic. The price in
in Great Britain, and was no, so much to be
attrbut ed to the stringency OF the money market.
with the ne Stacking up q Rr,I1s Gm A.ansG s
as in home markets. The following Is list OF the
comp arative prices:-
glsar-Ezsra state g. : .sSsss 's's q
waf1suhS aMaasse NJ. Ssnssaso. s...:.. isa
Sstswsssl %i..d Soc sse sss ss c
rors-Ssw ora-Mss'saa msss sse ePt ~ .ss7 8 sis'oo
There was not much change in meat, which Is
rather higher than it was before the panic. This
was owing to the scarcity OF the article
to the effects Of the panic, but in consequence OF
the increase In the movements. Nothing OF any
Il wss we 20 s @
prospective new crop had a0ected the downward
movement quite as much, or more, than the panic.
Butter and cheese were little higher than they
were before the panic account OF the small supply
The general quality OF butter had been SO much
pu.,o er,,,. ap Sept e &. sIs sRIss'erassay. sayy
Cheese-State factory tSept.
The general effect OF the panic had been to
diminish the movement and slightly check the
business. good deal more wheat would have
come forward had it not been for the panic
JEwELRY.
The largest jewelry establishments which were
visited all suffered from the general depression
consequent upon the panic. Some OF them re-
ported that they were selling fifteen to twenty per
facturers with whom the reporter conversed said
that they were offering their goods at lower prices
for cash Iney 1 al stated ar t9at st business was ex
distress IN this line and that no failures need be
anticipated Importers OF silverware, &c. said
they had not been affected by the panic in respect
OF prices, because they had to pay gold prices so
that 1t amounted pretty much to the same thing
In the end.
Inquiry at the principal clothing establish
ments In the city showed that the general dulness
had also been felt by this branch The wholesale
establishments have been selling at much lower
prices during the last few weeks, and the Ietail
ample but only to limited extent. In the whole.
sale tIaue there mas been u reduction OF about 10
per cent, and in the retail trade OF from
TO 10 per cent In some of the largest retail
houses the prices were almost the same as before
the panic In others the difference was very slight
indeed yet some OF the dealers said that their
business was very fair considering the stringency
Of the money market. 1t Is very evident
that people want to wear smart clothes
despite the "hard times.u and it is probably this
weakness in human nature which saves this branch
OF trade from greater depression The large dealers
were all comparatively buoyant and expressed the
assurance that this stringency Of the money
market could not last much longer.
DRY GOODS
visit to A. T. Stewart's wholesale stabish-
ment showed that the reduction OF prices OF dry
goods had been very great. The following Is q list
OF the principal reductions:-
September Is. yesterday
Corset jean Ike. lCisc
Amoskeag satteen. lac. l3lsc'
CaiuDIics ............ l3ac I>ac.
u
In bleached muslins the reduction was very con-
siderable. from IA to 10 per cent, In white sheet
ings 10 per cent, brown muslins TX per cent,
damask 10 per cent, and In all foreign goods an
average reduction OF 10 per cent