New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1876-08-25
LOCAL MISCELLANY.
THE ADVANCE IN RAW SILK.
EFFECT ON TIE RETAIL MARKET FOR SILK GOODS


EFFECT on TIE RETAIL MARKET FOR SILK GOODS
DEALERS HEsITATING TO RAISE THEIR PRICES.
There is much variance of opinion among re-
tail dry goods merchants TO the exact effect the recent
rise In the price Of raw silk will have upon retail prices
The general opinion that there will be considerable
advance silk goods, but as yet no one OF tue Iel
houses has venured to raise its prices There Is ds
cnation the part OF storekeepers TO make any III
crease charges upon the goods which they nave OH
hand. Each seems unwilling to be the first to advance
prices and it Is probable that II any marked
increase is to be made it will not take enect
until all tho old stock Is sold on there
should be general advance In the price OF mahactucu
silks there il large number houses which will reap
fortune by it, The principal dry goods houses III liS
city import their silks directly from the French manufac
trcrs They send over their orders early In the summer
and this year they have procured their Fall and WINTER
supply of silks at the prices which ruled the market III
June. II dry goods merchants decide to give their
customers benefit OF carly purchases IN Europe 'e
silk trade Will be confined direct importers, as the
small traders only buy at the higher wholesale prices
which have prevailed recently. Whether or not mer
chants will take the full benefit OF early colSignmeh's
will depend to great extent upon the opening OF the
Fall trade and the willingness of purchasers to pay any
advance for silks -
Areporter of THE TRIBUNE called upon several SILK
importera Yesterday obtain their views III relation 10
the recent advance in silk The wholesale dealers nave
not yet put higher figures upon the stocks when they
held when the advance took place. but they VIII not I'M
derakc to execute orders except at an increase Vi
10 per cent on former prices. The millinery and ribbon
bons have raised the prices OF their last consgnments
OF ribbons % per cent; and state that IL VIII DC hecoS
sary on their invoices To make frther ADVANCE vi
25 per cent These houses do large business III cheaP
silks for trimmings and for making bonnets, but no
change has made In tho prices OF these goous, as
they were purchased before the rise In raw SILK. Inc
theories as TO the OF the advance IN raw SIX are as
numerous as those relating 10 its effect upon the reta
silk trade In conversation with the NeW-iork rePr"
sentative of Messrs. Cheney Brothers q Co.. SIX manu-
facturers he said IN substance:
The prime cause no doubt Is deficiency In this years
silk crop. The scarcity is believed to be que largely 70
unavoidable weather Many silk cuitivaors have given
Arrived from it of late years This falling of Of AIDE
guate remuneration has been brought about py over
he 1uantity OF raw silk produced was much greater
than the requirements OF the trade Inc Ieuucou Pao
ators who bought Up the raw silk In large quantities.
and upon their ability to control II depends tne co.i AZ
ance of high prlces American manufacturer aie us
noscd 10 sell or their present stocks at old prices but
cannot undertake fresh orders except with an sdNane1
he atfected the grades on which prices will be prob
ably increased To the greatest extent are df.ss shs
ranging in price from II to - yard FROM Tue pres
eni ontlonk high prices In six only last until an
Other crop has been gathered sales have not Deeh on
miuisled by the advance in the raw hierla, anu 'e
silk trade Is as active II has been for long the
The agents Of the French manufacturers IN THIS cy'
while admitting that the silk crop has not been as large
as In previous years. assert that the falling Oh Is not
great enough any serious advance IN the pFiee
of the manufactured material. They attribute the rse
in prices the absence Of market or money III Eu.ope
Capitalists cannot obtain more than two per cehI ioI
loans and many Of them cannot negotiate them even NJ
thot low figure The result has been that bankers,
SPECTATORS and many people who can ma no pohIap
investment for their money have taken ahNahuse OF
The scarcity Of raw SILK and have bought up seeing
that they could make corner ia H. ihe gfeH o.u,
the agents thought lay In the fact that the Dk oi ts
years product OF material had passed INTO tho
hands OF these Spectators, whose only ohect was 10
make money, and who cared nothing Tor the interests VI
sjk manufacturers Upon the length Of time these men
could control the silk they had obtained "ouiu u'pcu
/ the delay in the return " steady h6uIth'