New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1873-11-15

able among merchants ID ulIes hho S"' va sN""'~
shrnkaee in values. They believe that the 'IaInense
expan.on OF values consequent npon the ave war must
soon or late contract into normal proportions ana ,h@'
mercbants generally speaking, were never Oooter pe
nared 20 sustain that contraction than now PfuGopt n
porters have had This idea IN view Tor the
and especially within the past six months nav" "e
making all possible preparation for precisely 'ueh co"
tingency as is now at hand. AZ for the present. -"
matter what may be the rate OF discount az ths h'N
England the British people need our surplus prodhc.'
and must have t whether the Banking act 10 saspenea
or not. exchange will thus turn 10 favor and the
consequent cheapening OF gold will bring US To specie
payments and settled basis Of values. This country
they sad sustained actual losses OF @te ana tns
present of trade simply because tpSs arc una
ing their level through shrinkage In values Inc n
expect 10 lose money retrenehment Is IN tue aunoN
pierre and losses TO large holders Of goods arc 10 DO
expected, but they viii discharge none OF their
1000 employee aud expect that financial matters will
be settledby Spring that merchants VIII then enter
upon unprecedentedly prosperous F!de laer usual
seems TO be holding back until cold weather cOmpels
people TO buy. An Old customers now making Their
purchases with a view 10 retrenchment although that
TetreDchnent. they believe Is attrlouape more 20
also expressed tho opinion tnat II bankers gene
ally as ready assist exporters they are to accom-
the return Of trade to a healihful condition.
Johnson Bros. Co.., dealers III tIencl uluhefy
teentht informed The reporter that cher carh rccep
for the past three months were 10 per cent III excess 81
those OF last year for the corresponding period As
rule their cash customers buying as largely az ever
but, large reduction IN prices has oeen mace theb
sales involve the handing OF more goods tlan ioInei
and they are consequently employing more hands tDaD
before. The snriDkage III values Whlth nave 70
Gently reduced prices their line Of goods, they at
tribute TO the prevalence Of general system o. re
trenchmen but TO the fact that the uisforunes OF JoG
bcrs incident 10 the panic have thrown large STOCKS %
goods forced market, and consequently depressed
values This firm employ 400 bands and VIII NOT az
charge any OF them this WINTER Whatever may pc ths
OF business Their present outlook Is decidedly
encouraging, and moreover the two months TO come are
considered the best OF tue year. Iher store "eD VIZ
tied by the reporter gave ample evidence OF prosper
Gus trade, IL being thronged with customers.
Messrs H. ONeill Co., In siXth-aye, near twentieth
St. stated that their sales continued about te same as
retailing q far greater amount OF goods than AZ ms
time last year. and, indeed the receipts " Oc'oDei
were about 5000 in excess OF those Oh Octopef - D
In the sales Of these goods tnere wa to
profit As instance, Tet mats formerly re,ibng ~
81 IS each have been cut down TO yevets are nov
and so are black Yak laces, ribbons, and
on their part. Mr. ONeln stated that While the
forced sales In many OF the wholesale houses might
prove very beneficial many retail dealers, IL was only
TO a certain extent to them. Fashion i'll millinery goods
was not to be depended upon fayorite cOors changed
almost every week, ana as consequence &c afed %
lay In heavy stocks even at low rates Ict Dese sales
IN roSaceS prces which we're sure to bus in good
business. Messrs. ONeill Co. deal largely ia an the
branches of millinery goods, and claim the largest feta
Richard Meares at Nireteenth-st and sixtn-aye said
there was very pereeptlDe increase over IA VI sss
year. This partly accountable 10 The very low rates
at which their goods Marked but beyond this there
was really Increased custom very evident nom the
fact that most all were buying only little The forced
sales at many OF the wholesale dry goods houses was
proving great and the retail dealers, AZ II enabled
them make purchases at low rates. ana then making
q general average with those already on hand, "
corpuete without actual loss with those who were selling
old stocks sacrifice IN was an especial G0 10 Dl as
IL enabled him fully carry out bis custom OF making
daily purchases TO meet daily sales, thus Keeping al,
favoue articles hand aud marked as low as tuose Ok
R. II. Macy & Co. report no material change in the
outlook, far they are CONCERNED. I'VE are making
more 5adS irSh ~ tbe Mariner our goods are
marked down low that there Is no profit. our only
aim IS to keep our IN VI cus o vi , u.s.
the toy and fancy goods naTket they taee tna ee
was little change in rates. Those who could would hold
their stock the Winter as there was little proba
bility OF obtaining ne" sock amy eaeaper another
year As consequence. there was lit!ie demand "a
that had been made the varieties OF dry goods cOmd
never nave anticipated. and THESE reductions CON
amends aud their frequency that % was com
paratively easy 10 keep on hand just sucn class
goods as the pubic required ana A. Sueh RACES as
lanes Mcfreery & Co. AZ Broadway and Eleventh
az have noticed decided Improvement IN trade wthio
th last day or two from NSy r. sotlp9 "a iayoEang
foods they have within the ast three weeks made
red tction p per cent; IN eean easnneres ~ per
cent and on almost everything at least 10 per cent.
CnroS. hair shaWls have lately been reduced from
Al 500 to 81 COO $C0O TO $3.50. and from $3.50 to sO
Their fur trade 10 reported rs So Per GEM pSt'er lnS
as wear ago. Collections are improving, and, alto
getber, prospects are orlsntInS' IN Vas d."
wilson Il Greg. at No. i7l broadway, say that IN.
trade Is eaaai h 10 ,ne u doprtment TSey think their
business is not much affected by the haFd times as the
ganr, dry goods trade yet their customers complain
some hatof scarcity OF money. Tier prices nave oeen
reduced per cent within the dst Two weeks 10
meet the decline in gold and the stIingeney IA tle mar
kef "A they deal in goods which must be sold ia tncr
or thew purpose u tx prices - low
mat peouc viii no Induced purchase hue the season
LII
nov is the time they expect To sell then tey eseu-
LITE nnou a good trade uutl after the holidays II 10
mn intends wing CLOAK his wife o. daughter he
VIII buy it before Christmas &C ALL IL ~ oly pcope
I'll fslse notions of economy who wait -or stock
taking ue i'm order to bargains. This arm have
not debarred by tho pane IIom Duynk noHuaaes
500 and 5000 which made 10 order Tor CUSTOMERS
VINO order tins year "a costly good as ever. 49,. ,,, m
behind thaJ OF year this season, and mat there
has not been uucn Improvement during the last TWO
weeks Prices nave recently Deen greatly fedicel ana
NH Goods are selling lower tnan they were year ago.
Fine dress trimmings sell az vel as ever though az re-
duee,l rates. They do more IN December than an any
other month"; and business usually continues lar as iat7
as February.
the fancy dry goods and millinery establish ment o,
E. Ridley s. Son, in Grandst, there was an appearance
OF healthy traffic judging from the throng OF purchas
er although the buyers for the most part expended IN
small amounts. The senior partner OF the finn said yes
terday that their 20 per cent IN advance OF
those Of the last year. and had been stead
y increasing since the panic The secret OF thor sue
cess In keeping up the trade he said was that there was
never any hestancy there ~ putting down prcos. even
II they made nothing judging IL best TO clear out heir
old stock, purchased az high figures, and thu
make way for new stock and better times.
In such times there Was s.ways chance,
where there was cash, 20 purchase goods 1t
discount and In so doing they could sell 90 pro-
nortonae reduction IN the wholesale department they
had all the trade they desired, and thar was more than
they ever had before. They employed rDoa 400 clerks,
and bnd not discharged any by reason % Wans OF
piOy ment aud had reduced none sih-!e Io!ib' ih1
wore engaging moro help lao larger portion ~
their custom with the working classes Who, not
witbstanding the great cry of want o. employment, ap
uo red TO have sufficient 20 satisfy tner needs
and more. There had been falling oil in sales 81 hne
goods, which Indicated decrease VI the trade OF The
wealtIiier class.
Robert r. smith, dealer In hosiery, gloves aud under