New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1873-11-14

pressure OF traffic apparently great ss ever whe
tho sidewalks In front Of the wholesale stores are cum
bered with barrels bales. and boxes awaiting shipment
Nevertheless the merchants with accord say that
trade is very dull. am inclined 10 think. however,
that the city is suffering less from the Crisis
than any other great commercial metropolis IN
the country There is no complete prostration
OF business, except in two or three branches Inc
state OF affairs may be described rather as an uhu-
sua dizziness resulting from great caution on the part
OF both buyers and seers-a dizziness, however, that
does threaten disaster but that Is sensipY aoauS
from day day. All classes are shortening SAIL ho' "
cause they believe q storm Is coming bnt because uo
weather lowering and squay around them ana IL Is
well TO be prepared for emergencies. Manufacturers
have limited production, iobbng houses are carrying
light stocks and are exceedingly wary about giving
credit and customers buy for immediate wants only.
The conservatism OF the business men OF Baltimore mas
been spoken OF in previous letter 10 IfE lllS.S'
This Characteristic enables the city to weather without
serious damage financial storms that prouucc ru'
nous effects in localities where speculation TUNE
riot There have been but three failures OF BANKING
houses since the crisis began-those OF brown Lane
A. Ca VIM Fisher & Sons. and Richard W. COX q va
and the two former firms Will probably soon RESUME
Only one mercantile house OF any Importance i"s '
cumbed; this was the grocery firm OF Thomas hoinP
10 1ybose liabilities we're less than 100000 "heh e
manic began there was a run on tho savings o""A''
ina ri "
too strong 10 be shaken. A steady dram upon w"
IN oor,nues. that is the amount deposteu uoeS '
ocrai that withdrawn. q circumstance ai""'9
be expected In hard times, when people VIM a. -
ennnIovment are obliged TO fall Dack ON 'noi' '"' "
,oet their pressing necessities Money ~ scaI'e' O
hrst-clsss collaterals, such as GoVerhme"'a "nu 9
CITY bonds IL an had at the rate OF from lOt l2per
t nov annnm Commercial paper is hard to negotiate
% beh "a from Is to Is per cent being asked for best
Games while ANYTHING at all doubtful has 10 pay ruiD
GUS rate.
WHISKY, COFFEE. AND PROVISION TRADES DEPRESSED
Among the trading manufacturing interests, those
engaged in the production sale OF articles OF luxury
naturally suffer most The prostratIon OF the oyster
packing business has already been described IN tneso
columns The whisky trade is greatly depressed 1T Is
an important business Baltimore. Fully 200 houses
large and small. engaged in it, the annual sales
amounting to about Sc 100000 The diseres are nearly
all running but DONG very little. Tho GLOBE Disu
lery the largest in the city, with capacity OF 2foo
bushels OF grain day. is now distng only 200 bushels
daily Others have reduced their production in almost
az great q ratio. The trade is largely with the SOUTH
and the tenacty with which the planters are holdlng
their cotton for better prices makes money scareer
in that section than in the North, ana greatly
reduces the demand all luxures. The tobacco manu-
acturers say that there almost nothing doing in their
line is always the dull season win them at tns pio
of the year however the French contracts Hnch ahe
The very important coffee trade ltelS ule eh.cla o
crisis az seriously as almost other branch or Du-I
ncss R,tmore is the second coffee importing city IN
tbe United States. In 1871 the npOrttlohS Teachu c
enoroous figure of 92 94 pOunds-moTe Tran douoie
mo mount brought the three cities OF Boston, Phlla
dephia and New Orleans tOSeiher Inc plteIs az
carrying pretty large stocks, and say that theIf SAFES
are very light period OF dulnesS Is more serious
for them than for men III many olnGr lnipS
of trade because il is not followed by an exceptionally
Hrisl demand People who stint themselves III coffee
when times are hard, do not make up LOT thelr seIue-
NAL when times better by drinking more thn Usual
pnt WHY return to their ordinary habits Inc pro
vision trade. another large item Ia the business Oh ne
civ is also seriously depressed The customers tor the
20 600 hOgsheads bacon the 10000 casks OF hams ana
The 10000 barrels of pork, which Baltimore aHhuau5
uuZIed 10 know what the people In that section are
living upon, since they appear 20 nave uIspeseu Tt
these staple articles OF S0uthcrn diet one branch OF
the trade the manufacture and shipment OF rtnned
lard is eth fairly active the market for the article De
ing chiefly in Germany and England. INC uaue IA
grain and -four is almost a standst. hut IL showing
signs Of Improvement The coal trae y .ogr1 h no
tive The cOastwlSe shipments haNo ldion o' ~" 'H'
foreign demand Is good
FACTORIES LIMITING THEIR PRODUCTION.
The iobbng trade IS, / suppose III about tht same
condition here in NewNork IA far a. the business
doing is concerned. The merchants however better
able to stand dull season than those OF most other
cities Their capital is usually their Own, and their
business is generally a cautious and safe They
take few risks request for credit TO the amount of
sIo ooo would asonish the largest in Baltimore.
Their customers nearly all in Maryland. virginia.
and North Carolina, and having dcalt WIN them Tor
years they are thoroughly acquainted Win thslr CIR
Manufactores of all kinds are, with few exceptions in
operation, but arc limiting their produc 20 the sup
piy OF orders The shrinkage OF prices and the uncer
ainties of the future make every one tlinln ana ul
willing to accumulate stocks IN anticipation OF
future sales. The panO-mlkers have closed Their
factories. The largest Of these establishments, nal OF
VIM Knaoe CO.. manufactures from l5OO 10 ?OOO lhstru-
mens annually Its stOppage has thrown large number
of men OF work The snoe factories OF when there are
26haye greatly reduced the force OF ~orkeD and work
women unless there should soon De revival OF inc
Southern trade, Will soon make further reductions Inc
railway companies have DISCHARGED hundreds OF men en-
ID owed In their aud machine shops - the Baltimore
and Ohio road az many SEQ am told. The railway
officers report good business nevertheless, ana say
they doing about the ordinary freight ana pas
senger traffic of this season OF the year Al the Blt
more ana ohio Offices Informed this morning that
coal traffic last week was cOnsderdDy greater Inth
for the corresponding week last year, and That the
general freight traffic fairly good aud Improving.
The rolling mills OF the company are WOrklhR uouDIe
turn" making iron for Western extensions
AN UNUSUAL DEMAND FOR SAFES.
found to-day curious exception to the general rulo
"A business that instead Of being depressed actually
more prosperous than ever that It's increased
prosperity to the very that makes others dull
walking down Baltimore-st / dropped in TO see an old
friend who engaged selling hreproof safes and OF
course after the first greetings began to talk about the
absorbing topic IN mercantile circles the guinness OF
was unusually goOd-n fact his sales since the crisis
menced had been larger than at time before The
reason was difficult to find People have lost conf
dence In banks, buying safes with the intention
OF being bankers and keeping their cash and
yaluabes where they will not be squanderod in bubble
railroads made away with by ab6coDdlng cashiers.
--------
ANOTHER PHASE OF THE MCGARRAHAN CASE.
McGarraban, who claims the vast quicksl-
yer mining property held by the New-Idria Mining
Company has suffered a defeat. A dispatch from
San jose, Cal, Nov. 8, says:
Upon the assembling OF the Court this morning, Judge