, 1876-01-01

NJ MI 1ft fY1hF Ina II
known in .ho I,ialory Of sLo trade. comoot,tton
t.",s,".. :" ~, n'asos y. ~. 4o'
has'ne 1oon nrlsn no1"een non'o moschan'D' aH
wnll a. with thosc Of otller clttcs. Our dealers
hayo eo1netjroc3 boon Obliged to sell at primo
coat in order 10 cotnneto viii, stocks Which tho
o1I,,o.,,. -, =. ~, r..t ,,.,o :, ,,,.o..
oAnone''' - ouHs"es@ ~ tl' 'A's uauo - .osoa
ast9 to oaot "t eacfibee' 1he ma1ket
llts fnnd heavy from excessive offerings.
especially Of domestic goods Tito oxtont
Of the t1oprosaion NAV be Inferred from,
N, foc, .I,at ,,,r1. nj n,nta xo,l in 1,ccemhnr
~ 7i-o ror s.rd "nsins, r%, ~. ,htc,, W.. tna
u t1o pel 5asaf Aehs"ht o1se' "ucu "H7 NV
ruling price in 1871, anti befor6 tho Hat-iheY
arc 20 per cent lover than fifteen years ago.
Btn,i,arly. standard brown ruusllns hayo declined
f,on ~ IN ta7a IN MANIA at tbo c1ouo NJ 1871.
Ihs decline fs eapoc'a'y aovoFo' as cotton goodd
wore already 10D20 per cent lower nt tho cloBo
Of 1874 than year proylously and woolen
cooda hal ntso ru]ed yorv walk an A consoous,,co
q o,er.nroelue.ion. Tho manufacturers It tho
East arc now moat Of thom ruInibg eoH1e on
short limo. aud tho ofrorlnga arc considerably
reduced o1copt in anb!oac!,o cottons, whic,, orc
t1own M rsthcr ,ow~tho aurnI,a Of srhela has LcotI
Chiefly REDUCED ty oxpoytatItu,s 10 Euro7o Of
ehootInpa alirtlurs. and drills, NcccutlY cirortu
=. w .oo,' ,,,n In ~ ri ri pnns ssn M liz
nthor uiIa If liza Atis1tic.-,vits T,ocrato n,,rs
eess osas' "'u' u 'o' 3|'"''o-"''A ''A'sA'' '"o'
n,nrr-r 1nppnrAT1oss.
4hort ~, ,hn to.o;an ,rv s,noja norv mill I'm
thia m"rltct nro in,nnrtej J]ract br our Chicago
merchants, who nov uayo rcslIeut agents At ali
thn nri,uInai Notwithstanding centzss OF Europs
a. roli na I'm iJnitcff Stntn, Aa n cunsouuenos.
H. tnn ~ ,,,in;,nnn, ~ cnst in transnortntinn NH
han7iiuc r. Eecurcd. with tha additioual advau.
taro tj,at ai tlo Iatcst novelties aro now orcrel
ha,o sI ~ sonn ~ n, In acs.n.rj, 0nr stooka OF
forcign ron]s aro tLua onenci out to buycre
f1as, nnj ,D von1 os snll na ci,enpir1 Tj,erc Hro
fnw tnior,or b1yera Who do not ,,ou uudcrstaud
lint thovsavn 1iL1,a nor rnnt in freipbta hy nnr.
ain sinr hcro. mi thay net ncrorI}urlv,
T,c rAsr yg4n n.e wlrsEssEI,
a fur,,,or iar1a tocrenen tn t1,n tratlo with tha
Enuthwcut. nartirniafIT with Toxag nod Now
Mexico. srhe open;nr I'M Of now llnca i'll tlat
d,rectinn. within tho mat two or threo ycarp
haa nnshiad olr mcrc;,nnta ia aend largo t,i1a,.
.IIins ~ roois whnTn tl,ov nnynr soT bnfnrn.
Aud tho poopto iu those spctious aro nov II, q
nrn4nn ma cnnd,tion. tho wholo Eouth having
raisah rood crors. 10 they can not ou,y afford 10
t"kn tHrco ba OF roods' Iut to nav Tor
fhcn nr0mpttv for Which Chicago duaiera
hnlI nut s,1nerinr iofIucomoota. Tbp volume
If our irado which goes in that
direction. past st, Louis, will COMPARE fayorabIy
rTtl In enttro Hsies Of ti,o drv zoo Is merchants
OF that city Il liz nov, wo-cssapltsncd fact that
Chicago can unders III Ut. Louis almoat At hot
ynry Iinora.
auonr Cnrn1rs,
trhn nanfc OF 1874 DreBsed heavily ,1non sonne nf
our dry coods 1obbe,H, but it really did good to
tbe tralo. by emphasizing tAo lesson RIreasiy
nartjY loarnt-sbnk lang crodits moan b,g biils,
aH well ns Ioaaes by depreciation Oh stocks Hhicl,
ncrly tbo tntorior merchant bought iyIoe year
v;ait,ne Man YORK or CnlcaTo fur i.,o nurpose.
md ha hi,ls ran six months. rnauriuc tto ns. Of
very largo capital, and Tho charging Of llisl,
nrotts by iho civ iobbcr to cover risx a. voil
a. interest. Now tLo country buvor 1nekos hia
nnrrasoa every tnonth or Two, Or folloH tho
examp|o Of tho c,ty lobbcrs, who aro coustAutly
1opleuje.,ipE thor stocks, md he pays III lie
Chant taa cnmraratiyoly fow BtaIo goods IN
hs1,d. lila att,clea hrn frnst and not loa0oI
with crouits aud lis expenses OF d long Journey
Less capital ls rcou!roi III tho city to Gansaet
nm eouaE volume OF busipoas, and the buyer
fno}a tho effects Of tl!s h pri,.es, And tljs Is
neculia,lv favorable TO Chicago, as orlcra can le
t,tlod hero nromntiy saving tic time required to
tran.nort rooIs fion, tho uoacoast, New Yorx
oncc to our Western systotn. h,t In 20 doing has
taton owsv +he oniv ;ndmee1nont which forn,erIy
draw Western BUYERS tnIther. Very many Of
! tl,nae WIN houent in Now York hefora tho pauic
| Of those changes Is continually swelling, wl,iip
nnno leayo thls city to ttedo elsewhere, after
| hnyiur exporienceI the advantages OF trading in
Clcago.
This branch Of ths Wholesale trade 1,aa grown
very rapIdly Buco Tho ilre, tho increaso having
hcnn iass in ia75 than ia the Two previous yoars,
Tho sales woyo 9oGSa5 per cont greater than In
] 1911 racknncd by yArtH AO11. but owing to a
shr;ni,s so ~ If11s ncr cent tn nr,cos lila MIR
mont III cash received IL ouiy about psr co,,t
The ssies list tootpe IN total OF $3.50 O0;J.
sgaiuat 81. .0o0, 600 ia 1874, The capital ON
pfoycd. al. .G00. 600, ia about tho sauo. There 10
10 Increase ia lie nunbor OF firms, aud no fail
ures In tho trade though tho years busiuess wsg
trauuacsed on dcc!inilr market, for Which roa.
sol it has only becu moderately profitable. But
COLLECTIONS wore eaay throughout the year, md
ti,o market ia now in q tirnl aud healthy coudi.
Hon. With uooI prsspects ior sao spr.ng t.ade.
Mos, Of tho foroirn goods now so,d horo in
this % tepa1tn1eps aro imported direct to Chicspo.
md etrikc inc seaboerd OF other points than Now
Ynrk. The teudouog 10 ,lo demand ia to noctl-
um and frst-cjasa goods; the lower grades OF
cloth se1liuc moro p6eringly than over before,
w1trrr AM, rsy,r puY ooops
rtadc IN tbs Department Of tho wholesale dry
poodg buatneBs exhibits q decided growth. Tho
| 1yaatnr ,,ortinn NJ thp gain during 1h75 In mr.
eantiblo in tLo wjda.sproud count.y trado. In
thc iobbjuK md mat.,lactu1ing' Of fancy AMI
rnntlnmnn5a furnishinU gooda Chicago holds nD
eoviablo nosttion. IL tho omuunt Of wlito
goods Which annually pass through tho hands ol
cftv iohhnrs, ChIcaUo Stands second to no other
~. - -. 1t..;t., t,t.t,. ,,r..,I ~ tn IL ~ron,