The home journal. (Winchester, Tenn.) 1858-188?, 1874-09-10
II FALL TRADE,
what They Say in New York About
the Prospects.


Now 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-
isfactory to the iobber, 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 MS 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
canton with which traders lay in stocks
of goods is regarded as a hopeful sign
Of the times, since it is m indication
that they expect to pay for what they
buy, and do not mean to put themselves
in a position where they will be unable
to meet their engagements.
The harvests still promise to be ex-
c%ellent, 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 ont the hope of obtaining high
prices for onr surplus cereals, and have
already n considerable decline in bread
stuffs. This may induce such produ-
GERS rs are not absolutely obliged To sell
thor wheat at the market price TO hold
it for an advance, and should this view
of the subject be acted upon TO any
considerable extent it will be likely to
cmbarrass the western traders in their
collections, and in turn the iobbers 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 n matter for
grave consideration on their part, but n
question which thov must determine for
themselves, since they alone take what
yer risk there may be invol the
delay.
New York World, Aug. 81.
THE COTTON CROP.
1t was looked upon as n healthy feat
ure in March and April that the south
has reduced the area of cotton planting
10 per cent, and devoted the space and
Labor to cereals which they so much
ueed. One great feature last year was
that the whole crop by at least 10 per
cent. was lost for want of picking.
Hence Il 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,
ana with very few unimportant excep-
tons the worms spared the growing
crops, although after. complaints for
August are not wanting. However, mp
to the middle of August an average crop
was fully expected. Unfortunately an
unprecedented drouth set in through
whole south, and, although it may
be hoped that the accounts are much ex-
p%ggcrated, yet there can be 10 doubt
but that the plant received an %irrepara-
injury, which will curtail the sec
ond and third ~pickings to an immense
degree. During the week inst ended,
every house connected with the
southern trade has received doleful
news, all in the same strain. The drouth
will curtail the yield immensely. The
unfortunate feature has for the time
Daralyzcd the southern trade, and much
depressed our prospects for at least an
'arly opening fall trade with tho south.
southern men, who came here two
weeks ago to buy goods, have oil at once
become very prudent buyers, while
treat houses, whose sales are made to
The south, have on their part become
pruIant uoIlnro