New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1876-08-25
TRADE SALE OF PRINTS.
SUCCESSFUL INNOVATION IN TIE BUsINEss-Bu YEks
EAGER AND GOOD PRICES OBTAINED.

SUCCESSFUL INNOVATION IN TIE BUSINESH-Buf Eks
EAGER AND GOOD PRICES OBTAINED.
An important trade sale of Richmond prints
by order Of Van vaIenburgh Leavi conssnees. TOOK
place yesterday morning at the auction rooms OF towns
end Montant & Co., at Nos 70 and II Leonardst Sew
ero causes united 10 create Interest In the SALE and TO
call Together moro than 500 eager buyers 1t wac IN the
first place an experiment For the past ID years no ac
ton sale of prnis .bea. esfsB4sG0 ByN c6, have
been sold on guarantee. This an auction only 10
this extent; there 10 he no guarantee upon the
goods and the bid determined TO whom they should fall
but it was well understood before the sale as after
actly what each class Of goods would bring Another
thing that brought together tho large number Of buyers
was the fact that amount Of prints manufactured
this has been much smaller than usual the mum
Der OF put up during the past 60 days having been
10 900 less than is customary at this season OF the year
member of OF the largest 0bbng firms In the city
said Yesterday that for weeks past It had been almost
possible obtain Of the best prints at market prices
the supply very small and the demand has been
constantly increasing
The consequence Of this condition OF affairs that
the goods were sold yesterday with surprising rapidly
within 80 minutes from the time the first case as
offered l72 cases had been sold No single buyer was
allowed TO bid In more than OF the lot,
and each lot was offered there were 900 eager pui-
chasers endeayOrn2 10 anticipate each other In Their
bids The gular price for the Richmond prints, which
iOber- saw are Of the best quality on ordinary sale,
Guaranteed is cents. Those sold yesterday would
Ia cents Pnks sold az the t market price Gig cents
some small pieces containing about 20 yards To the piece
ran at the close Of the sale hlgh as cens or the
firms which purchased the largest amounts, r. G. DAVIS
& Co of St. Louis bought Ia eases at cents kayne
spring Dale & Co. OF Ncw-lOrk bought 10 cases nj
cents: DunhaI, Buckley Co. aud Il. = Janrey Co.,
both New-York obbing hrs about 20 eases each at
cents; Field Leightor Co. OF Chicago 100 cases at
The remaining stock was for tht most part sold
In bills OF less than 70 cases 10 smaller jobers or whole
sale dealers throughout the country Nearly every
State in the Union waB ed ~ tht auction.
Mr. Richmond of the manufacturing trin declared him
xUtfh no al
thought IL would have "A strong tendency 10 do away
with the guaranteeing SYSTEM which hr thought most
yicjous and unjust Under that system tbs goods
usually sold 80 days time, 1--WE osnt or gdaran
teed IT, during the 80 days. there Is raA In the mar
ket price of the goods the seller has 10 make good the
amount of decline to the purchaser m case there Is
rise the buyer rcaps all the benefit He considered tins
"A good time % make the change when the demand for
prints strong that dealers anxious to buy with
out guarantee. aud that this way custom may be
established that shall continue Mr.. Richmond said that
the demand for good prints was increasing steadily
throughout the country, ana inc ran uaue WOULD un
dOubtedly be very brisk.