The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1873-10-28
COMMERCE AND INDUSTRY.
STATE OF TRADES AND BUSINESS AND
MANUFACTURERS AT THE NORTH.

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MANUFACTURES AT THE NORTH.
The New York Times of Saturday pub
fishes statement of the condition Of va
rious trade and commercial interests of New
York since the results of the panic have
more fully developed. The Times says
"The branches Of business which arc
most affected are either those directly con.
nected with the building or extension OF
railroads, or those which have been prepared
for the present stagnation by a considerable
period of antecedent dizziness arising from
other sources. The freight business. for in
stance, or interior lines engaged in the trans
portation of iron and coal, is practically sus-
pended, and for obvious reasons. The trade
in lumber and the work Of building, which
are nearly at standstll, have long been
under restraint from causes not at all con-
nected with the financial troubles. Their
dulness has been largely rejection from
over activity eliminating six months or Il
year ago. 1t is intensified by the present
condition of things, but it cannot be fairly
attributed to that cause"
From the very full and detailed account
given by the Times, embracing
TwESTY-rHREE DEPARTMENTS OF BUSINESS,
we summarize some Of its most important
features.
In the midst Of heavy and successful ope-
rations the Wall-Street crisis came, but the
sense of insecurity is gradually disappear
ing. Nevertheless, buyers are few. AT pre-
sent trade is only about one-third rs active
rs last year.
In the grocery trade the feeling appears to
be that business generally, not only in this
city, but through the country, is on sound
er basis than ever. There are fears, how
ever, that the collections to be made next
month may not be promptly met. The out
look, however, is getting more cheerful every
day. Prices generally remain nomlnalIy the
same, except in cotfees and sugars.
In the leather trade nearly complete stag
nation prevails. Buyers and sellers are
holding oil, as there seems to be sort OF
feeling existing that the worst has not yet
been seen. 81"
La the boot and shoe trade, sales at pres
ent. as compared with the sales before the
panic, have not suffered any considerable
dilninuion. But prices are lower, and the
future prospects are unsatisfactory. Collec-
tionS, too, come in slowly us compared with
last year.
In the wool market few sales are made eX-
cept for cash. Buyers are holding back, but
there appears to be avery generally nopeiui
feeling and Us stocks are light, a further au-
vance in prices is expected to occur on those
already made before the 1st OF September,
which were from five to ten per cent.
= ~ No approximations are
felt that there will be failures to any extent
among manufacturers. ..2t G
In the cotton trade there Is generally
boDeful feeling. as it is thought that within,
4 short time the facilities for the negotiation
of exchange will be considerably increased
by, the letting loose of the large sums OF
money now boarded up and taken from cir
,culatiou by those who have become fright
.eued by the financial crisis. Business is in
creasing on real sales, and while there IS more
cotton arriving in New York, Savannah, and
Charleston than freight can be engaged for,
vet holders endeavor to meet the market and
make free sales, although at prices ten per
cent. below those existing before the panic.
The French china and Bohemian glassware
business has not escaped the injurious effects
ofithe panic. Dealers have curtailed their
credit. AS far as the sales Of fancy goods are
concerned, they are not less than they were
before the panic. In the matter OF staple
goods there is falling of, though not very
considerable. r. r. ~. .'r.-. Il.
The sales in the metal trade fall considera-
bly below what they were before the panic,
but the tendency Of trade is decidedly to-
ward further Improvement. ... s..... e
In the iron trade dull season is expected
for some time. Many firms have reduced
their force, and others, it is Suppo scd, will
be compelled to do So. 81. .. IN. ....
-, hn fr1H hovp ftft
from fifteen to twenty per cent. during the
past two months. ..s-.... 49,.
= In the iewelry and silyerWare trade bust
ness appears to be good, but dealers expect
to feel the injurious effects of the panic
before long. Buyers now are principally
from the country. .-- ... ;f.tg i az
.. Sales Of pianos have fallen of one.third
since the panic, but prices are unchanged
and firm. trs II, .g-.s.. 49,. tfa.ft.-. so
The wine and liquor trade is sound, and
business is as good as usual. .. -.s5.t.a
THE PANIC AND THE woRKrNGAEN. J. .
In all the leading cities in the country.
and wherever else large manufactures are
established, there has for; some. weeks past
been gradual showing of the effects OF the
money stringency upon the industries: II
reference to the situation in New YORK the
Post of that city says: ga4.g ..sss.r' la 4a.8
| IA THE effects Of the late panic are very appa
rent at present in the dizziness of several or
Ifnamental trades, some of the manufacturer:
employing their men but eight hours day
and paving them only "a percentage Of theil
| wages. The employers, however, are dali,
expecting an improved state of affairs, ant
Twill not discharge their men unless their bu,
! siness becomes really Improbable. !i.. :.
. lit seems to be the general opinion. among
Emechanies that owing to the low price 0
gold and the threatened stagnation Of bust
mess employers of all classes will unite ltbi
winter and largely reduce the scale o
wages. In authorization Of this event mass
meeting Of engineers, -blacksmiths, carpen
tiers, and members Of other trades, was helt
lastweek. The sentiment expressed favored
| o settlement nof all. questions of wages b!
arbitration ratberthan by strikes and kin
bred agisahons. Fheconfident expectation
manifested by mechanics last winter tof snc
cessfully combating any movement by tn
" bossesni towards a. reduction aof, wages,
gadrhlly disappearing, and they sayithe''
=. .,I;aa4E