The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1875-10-01
DRY GOODS.
improvements In the New York
Trade Marked Decline In
PriCeS-EXpOrtS 10 England and
China,

New York Herald,
A representative Of the Herald has de
voted several days to feeling the pulse Of
the dry goods trade, and was surprised as
will also I've the reader;to find that all the
fears Of those who looked for a crash in
the market are groundless, and that atno
time within a period Olive years has the
dry goods market presented more graf.
flying exhibit or better prospect for the
future. All importers and jobbers agree
that the market has revived beyond the
expectations Of the most sanguine, that
the volume Of transactions il greater this
fall than for many years, that credits are
unusually good, that buyers promptly
meet their obligations, that importers
have inaugurated policy Of conserva-
ti.m and only imported barely sufficient
to meet the demands Of trade, that prices
are down, and, in short, that there il a
sound, healthy market and feeling Of
security in all branches Of the trade.
This ia certainly gratifying intelligence
that should satisfy the "Croaker' casa,
who ever maintain that business ia unset
tied and panic imminent, that they are
not correct barometers Of business pros.
poets. It would be futile to attempt to
enter into lengthy discussion Of the
causes that have led to this sudden and
gratifying revival Of the dry goods bust.
ness and the probable revival Of other
branches Of trade that move in sympathy
with ii. But among them may be classed
the low price Of labor, the large yield of
the cotton felds, brought about by the re.
construction Of the cotton producing
States and the abundance Of money.
So long a. the plantation hands Of the
South neglected the soil and devoted their
attention to politics and the endeavor to
secure forty acres and mule the cot.
ton crop wa' short, prices high, and, as a
consequence, great depression was forced
upon the market. The abundant yield Of
the last two years, the decline in the raw
material and in labor has forced prices
down, and now we find that in certain
lines OF manufacture our mills and looms
can successfully compete with those Of
Europe. This il proved by the fact that
quite business has sprung up in exports
Of shirtings, drills and WOODEN goods to
England and China. OF these exports,
however, we shall speak more fully here.
after.
THE DECLINE IN PRICE,.
The investigation made by the writer
establishes beyond doubt that there has
been since last year general decline on
domestic goods. 1t il more marked, Of
course, on those lines Of goods that are
styled "oti.color,' or undesirable either
a. to cOlors or style. Owing to the die.
covery by heavy importers Of DISPOSE.
ton on the part Of consumers to patron.
i've home manufactures, and the fact that
the mills and looms Of New England
have heen yearly bringing their manuiac.
tures M to standard where thev can
compete with foreign manufacturers, the
importations this year are not as large n,
they have been in previous years. This
has led to iirmnes' in the market on
imported goods, and a continuance Of
last years prices on all desirable articles
While the importers do not agree "a to
the 'shrinkagc lin prices on various lines
Of goods, there can he no doubt that the
following il fair average estimate on
lpmestirs.