, 1874-11-09

country are Glutted, and tho trade is III deuor-
alizca condition. and las been for tho paat two
yoara, the report comes from all quartnra that
lumbormen are making no o1ertious to cnrtall
tho production Of tho coming yoart but on tho
contrary are preparing TO do as much Logging %
ever. Tho reauit Of snch excessive production
for several consecutive Years ig beginning to
manifest itself III yarioua wasg. Tho manner OF
ing many radical changes. Hitherto the cash
aYstem has been tho fulo, but now Wholesale
dealars are forced to keep aalesrnon in the ooun-
try drumming up trade, and, ~
days limo. Tho Lumbernan estimates that
Chicago dealers now hayo fully 100 000 900 feet In
tho country yurds unpaid for. II tho Present
course is l.eraiBtod in it will drive tho yartmep
city have Issued circular to the manufacturers
Of tho Northwest. Which Hunaa up the sltuation
as follows:
''Firsl-That during the SEASON Of 1874 no
profit has been realized, aud from excessive man.
nfacturo tito markets Of tho country aro now
largely oyorstoosod, with no prospect Of pcr~
maunnt Adpnnoe III prices.
" "Second-IAat tho Inauguration Of snlea Of
cargoes on credit by manufacturers during 1874
will. in oaso Of Oil excessive manufacture, very
Roon become the custom Of tha market.
--'.1hlrd-That further Bhrinkago lp the vnlueH
Of lumber will oauso tho withdrawal OF large
amounts Of capital now furnished by yard deal
ars.--a c'aaa that pny for nnh dinlribnte moro
"Fomrih-That ali ooneoda TINT = largo amount
OF inmber forced On tho marriott In 1874 must
causo lowor range Of prices, mud q reduction,
either great or small, will place tho huslneaa on
Tho st. Louis Democrat Of tho 7th has tho
following:
NJ hy'ns.tone tbs grain lnssetsr tor % ssy, hs g found % ID
on grade, No. 2 mixed and No. whit1 mixed. uo
says thasN shippeys will take little pans With their
graiusce hat no wet corn gos put into tho cnr along
on grnla nut Ut present hs VIII continue to Use tie
word i" now "ln h!s certificates.
WOOL,
Walter Brown Son l. Co., Of New York, Hrito
M follows:
quiet, and bus continued 80 throughout tao month,
with but Ittc changc. Tho cause OF this dullness ts
wooiens, - md nd ths saclonIae il the danand for ths
| medium clasa Of goods with worated eaenta. which
have been actiye until tho past few wceks: Thcse IL
fabrics have had hard time Of It during tho present
| season. With almoat no exception their goods have
been aecumuat;pg, and they aro most Of them yell.
mills. md Within tho ast week considerable
e yom N to xost a soms ss1s Of Ass In auua
goola III THUR hands. Tho corresponding ,gradea Of
wsoi o sa bsyass Fns only such os ss tbey absolutely
needed, mud inaead Of tho hdsnnco which haa been
ts g w to sS eas sia
papar ,sturug about this tin,e Tho general inrres
zion however ia, tat all thcGo woos will be wansed
before tho clops Of tho season and thote who Aaye
anlo facilities for carrying them. are not disposed to
make any material concesson TO etfoct sales.
good run Of actiyity throughout tho stnor and tho
syoola sitahe for this caha hayo continued III demand
with constantly diminishing stooks. Although the
BateB Of these goods not largo ~ they have
peeu there IL Still fair Inquiry for tAe,n ard most Of
the producers arc well aolp o. their asocka and oos