The Pulaski citizen. [volume] (Pulaski, Tenn.) 1866-current, 1874-09-17
THE FALL TRADE.
What They Say in New York About
the Prospects.
New York Tribune. Aug. 81

What They Say I'm New York About
the Prospects.
New York Tribune, Aug. 81.
A goodly number of western and
southern buyers of merchandise are re
ported IN town this week but they are
said to have continued the practice
adopted during the late panic, of pur-
chasing sparingly-" sorting up" as
they term it-and this, although unsat-
isfaetory to the jobber, who in former
years was accustomed to sell a six
months supply in the fall and another
such supply in the spring, and although
it does not Justify the expectation of
the expansiOnists who promised US an
active and prosperous fall trade, yet to
conservative business men, who hope
for a return to real and substantial
rather than fictitious prosperity, the
caution with which traders lay in stocks
of goods is regarded as a hopeful sign
Of the times since it is an indication
that they expect to pay for what they
buy, and do not mean to put themselves
IN position where they Will be unable
to meet their engagements.
The harvests still promise to be ex-
cellent, with the possible exception of
the maize crop, which will be below the
average in some parts of the country in
Consequence of late protracted drouth
| We are also well assured of excellent
| crops in England and throughout the
continent of Europe. These facts do
not hold out the hope of obtaining high
prices for our surplus cereals, and have
already considerable decline in bread
stutfs. This may induce, such produ-
GERS as are not absolutely Obliged to sell
their wheat at the market price to hold
1t for an advance, and should this view
OF the subject be acted upon to any
considerable extent it will be likely to
embarrass the western traders in their
collections, and in turn the jobbers and
importers. Whether the farmers who
hold over their crops in the expectation
of better prices in the future may not
finally be compelled TO sell at lower in
stead higher figures is a matter for
grave consideration on their part, but a
question which they must determine for
themselves, since they alone take what
ever risk there may be involved in the
delay.
THE COTTON CROP.
New York World, Aug. 81.
It was looked upon as a healthy feat
ure in March and April that the south
has reduced the area of cotton planting
10 per cent, and devo ted the space and
labor to cereals which they so much
need. One great feature last year was
that the whole. erop-by at least 10 per
cent. was lost for want of picking.
Hence a reduction of planting caused
no anxiety. The season, however, had
its first and great drawback in being
three weeks late, and intense anxiety
was felt as to the probable injury of the
army and boil worm to the young, grow
ing crop. Fortunately, July passed,
and with very few unimportant excep-
tlOns the worms spared the growing
crops, although after complaints for
August are not wanting. However, up
to the middle of August an average crop
was fully expected. Unfortunately an
unpreceJ tented drouth set in through
the whole south, and, although it may
be hoped that the accounts are much ex-
aggerated, yet there can be no doubt
but that the plant received an irrepara-
bic injury, which Will curtaiI the Sec
ond and third pickings to an immense
degree. During the week Just ended,
almost every house connected with the
southern trade has received doIeful
news, all in the same strain. The drouth
will curtail the yield immensely. The
unfortunate feature has for the time
paralyzed the southern trade, and much
depressed our prospects for at least an
early opening fall trade with the south.
Southern men, who came here two
weeks ago to buy goods, have all at once
become very prudent buyers, while
great houses, whose sales are made to
the south, have on their part become
very prudent sellers.