The New York herald., 1875-09-27
LAST VESTIGES OF THE PANIC.
Decline in Prices and I'm
provement in Credits.
The Products of American Looms
Exported to England and China.
Successful Competition with Manchester
Manufacturers.
FEELING THE PULSE OF THE TRADE

The stagnation that has existed in the dry goods
trade for several years. owing to panics in the money
market high tariffs and other causes, as is well known
has caused failures of old houses and led to
general feeling of alarm in the country. Last year
was marked by large number of failures of dry
goods importers and jobbers and during the spring
summer the impression has grown in commercial
circles that there breakers ahead that the
pensions Of last year likely to be followed by
many others this fall and winter
1t is gratifying TO know that such a calamity not at
all likely to occur. representative OF the HERALD
has devoted several days to
FERLING TRADE
and was surprised as will also be the reader
to find that all the fears of those who
looked for crash in the market groundless and
that At no time within period Of five years has the
dry goods market presented more gratifying exhibit
better prospect for the future All importers and
obbers agree that the market has revived beyond the
expectations OF the sanguine that the volume Of
transactions is greater this fall than for many years.
that credits unusually good that buyers promptly
meet their obligations, that importers have inaugu-
rated q policy of conservatism and only
imported barely sufficient to meet the demands Of
trade that prices down. and in short that there is
n sound healthy market and feeling of security in all
branches Of the trade This is certainly gratifying
tegence that should satisfy tho croaker" class who
ever maintain that business is unsettled and panic
imminent, that they not correct barometers OF
business prospects 1t would be futile to attempt
enter into lengthy discussion Of the that have
led to this sudden and gratifying revival Of the dry
goods business and the probable revival of other
branches OF trade that in sympathy with it
But among them may cassed the price of labor
the large yield Of the fields brought about by
the reconstruction OF the cotton producing States and
the abundance Of money. So long as the plantation
hands OF the South neglected the soil and devoted their
attention politics and the endeavor 'orty
and mue'' the cotton crop was short, prices
high, and a consequence, great depression
forced upon the market The abundant yield of the
last two years, the decline in the material and in
labor has forced prices down, and find that in
certain lines OF manufacture our mills and looms can
successfully compete with those OF Europe. This is
proved by the tact that quite has sprung up
in exports of shrtings drills and wooen goods to
England and China OF these exports, however, We
shall speak fully hereafter.
DECLINE IN PRICES.
The Investigations made by the writer establishes
beyond doubs that there has been since last year
general decline dsmestic goods It is marked
of course those lines Of goods that styled oG
COLOR" or undesirable either to coors style
Owing to the discovery by heavy importers Of dispo
stion the part Of consumers to patronize home
manufactures and the that the mills looms Of
New England have been yearly bringing their manuac-
lures up to a standard where they compete with
foreign manufacturers, the mportatons this year
not large they been in previous years This
has led armness in the on imported goods
and a continuance of last years. prices all desirable
articles While the importers do not agree as to the
shrlnkage in prices various lines of goods there can
be doubt that the following fair average estimate
on domestcs:-