The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1874-04-01

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to be settled at all times between the buyers and
the Sellers and with which the general wholesale
dine renee between the prices Tor certain articles,
commonly regarded rs necessities, the following
table Is appended:-
Sugar, hard. ................. 12c. l214c lie:
codec raw '''''''''.''''''''. "a as
Conee, roasted ................. 4Sc. 47c. n iSc.
sa tongue ,i lsS i1si
The prices given above for coffee and teas for
the best Kind. Information rom the ,rade goes to
show that the consumption In coffee Is very dull
the breakfast table and almost every family. Cod
FISH and mackerel have fallen OF from last years
withstandng the catch Is much less than that OF
the previous year. The demand Tor them, parties
that 1t is so for these articles and Tor cofee and
other ARTICLES called necessities Of the household
because OF the determination apparent among
househoders since the panic to maui III san, 70
adopt
RIGID RULE OF ECONOMY.
"You See," said wholesale de- Ter to the re-
porter. "i all comes about because the lady of the
house can't get money as easily as she used to-,
she is enabled to make pound OF coliee last as
long as two pounds were made to last when Brid-
get and al her cousins who pay her regular visits
stairs" TINS being so, 1t Is easy to see that
tlcles that are rated among the Injuries are not
are now 81 less per dozen in boxes than they were
last year. All French goods. IN fact, are in very
VI
less per hundred weight molasses is 10 to 20 cents
per gallon less Tor the liner grades, the common
praaes being ABOUT the same as last year IN every
instance the wholesale grocers called upon laid
the whole blame oil the dulness OF the trade and
the iall in prices TO the uncertain stand OF Con-
gress as to the finances. Eve are ALL" said one
Of them, lin quandary There Is u total want OF
confidence among the trade, and no one knows
exactly what is best to be done. II Congress had
not touched the financial question at all it would
have been better, and II 1t mad not think that
Trade OF all Kinds would have settled down
NEARER SPECIE PAYMENTS
than we are now. The only possible way for US to
do anything like an active business under the
present uncertain stand Of affairs Is Tor those OF
us who have been fortunate enough to have good
prices as We have done, otherwise we could not
sell certain goods at ALL AS to the imitation policy
| other that Is not opposed to Imitation. The only
men who are in favor OF it now are
SET OF RAscALLY SPECTATORS
| who care nothing Tor the solid business OF the
country SO long rs they can crafty their selfish
ends. Congress has kept the business men in the
country too long In suspense, and Whatever little
relief the extra issue OF greenbacks may give now
comes too late. II imitation was to do good Con-
ago. What We now fear is that Congress may
bring y otner bills regulating the finances, and
WANT OF CONFIDENCE IN THE NATIONAL LEGIsLA-
that keeps us in suspense and stagnates business
generally. The safest thing Tor the country, 1nan-
clally speaking in the opinion OF business men, Is
the speedy adjournment OF Congress-"
The possibility o. a ne,c issue or tnconuertiole
paper Iregdfd scith amdzenent and anxiety, ana,
IN my judgment, such an issue ,oou,d De a dert.
nle1tt ana a Shanle.-CHARLEs SUMNER.
The Liquor Trade.
The liquor trade, at least so lar as imported
liquors are concerned, has also been materially
affected by the unsettled state OF the anances and
the tomioolery Of Congress IN dealing with the nnan-
cial question. 1t has become necessary during
the past two months for many OF the wholesale
dealers to extend the credit OF their customers in
the retail trade, in order that they might make
both ends meet. AS to the wholesale trade itself,
the dealers complain of considerable falling or
IN business, and many OF them are losing great
deal OF money by reason of not having large
enough stock on hand to salts all the demands
made upon them, and who were fearful If they had
some time ago ordered a heavy stock they
might be losers by it, On the other hand there
are many VINO are rather in q fix because OF the
fact that they have had for a long wne heavy
STOCK on hand, and have been obliged, in order to
sell at ALL to lower their prices In the matter oil
champagnes one large frm, having u good STOCK
on hand, IN order to
MAKE THE TRADE LIVELY
are now selling their goods at 81, gold, less than
most importers are charging on the import price.
As one OF the firm remarked, they could afford TO
do TINS, ior the reason that there are plenty OF
to pay Tor good bargain" The prices asked by
firms like this Tor champagnes are as follows, per
I
Moet q Chandon, $22. The dealers complain that
there is great dulness In the sale OF rare wines
and fine orandies. and tnat where they last year
got orders by the dozen week from private lam
lilies they scarcely now get one MONTH They
claim that, in addition to the financial troubles,
the strikes here ana there throughout the coun nv
have done mucn to curtan the demand for good
liquors IN large quantities. Capitalists are like
every one else, they say economlzing, and are un-
willing to speno much money at present III
Injuries any more than the middle classes are for
the higher grade OF table necessities. Hence there
Is great falling OF IN the demand for the 1uer
goods aud consequent sagnaton In the trade
that IS causing the wholesale men to pray devouty
FOR the adjournment OF Congress and "a fixed hnan-
cial state OF things for their future guidance.
Iron.
The iron trade, by reason OF the same causes
which have deadcned business in other trades, has
been almost a standstill since Congress has
been in session. The reporter paid visit to sew
erai OF the large iron houses In the city yesterday
and the plant OF every one was the same. The
panic had given the trade a staggering blow, and
just as it was getting on It's legs again. hoping
that the worst over, in came Congress with
its financial notions creating distrust OF the
future which enectualy laid 1t on It's back. One OF
the heaviest iron firms in town, and which, Ike
every other large iron firm, deals extensively in
railroad iron states that they have had, since the
panic, but very t sin'' ,s STOCK on hand, and
be the part OF prudence to increase their
stock to meet any heavy demand that
| might be made upon them, the uncertain policy OF
Congress stared them full In the face and deferred
them from dong so. The fact Is, according to the
statements made to the reporter, that the trade
was never duIler since the war than 1t now is
those called upon for information claim that they
have been placed by
THE FINANCIAL TINKERs AT WASHINGTON
between two fires. II they go 10 work and get in
u large stock, ana the result OF tue Congressional
policy would be to stagnate business more than at
present and thus cut on q large demand for the
goods, they would come out heavy losers. on the
other hand, II business should suddenly revive for
q short time by reason OF the Presidents signing
thar, II the result s revival oil business, 10 can
ouly be for snort timc) and they should not nave
a stock on hand suilclcnt to meet all demands
they would be losers Just the same The railroad