New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1877-02-17
STATE or THE SILK TRADE.

carer or THE RECENT ADVANCE IN pEICES-A
"cORNEKn IN TIE MARKEr, AND THE STIMULUS
TT HAS GIVEN TO ACKNOWLEDGEMENTS FOR
TIE COMING YEAR.
The sudden advance which was made IN the
price of silk last Fall likely to be maintained
unless tho market affected by some unforeseen cause.
Tho present value OF silk Is fully % per cent ahead %
the rates last Spring although slight decline mas taAe
place since the latter part OF the Fall IhOse ehsageu III
te trade attribute tho remarkable increase Ill the price
Of silk goods last year want OF foresight on the part
N, sk manufacturers For long period previous to the
rise prices were less than the actual cost OF production
At the time OF the greatest depression III the hahct
the rate OF interest European exchanges was
low and certain spectators ana caplapSts' hnu-
ing the silk trade unprotected formed comohat'on
70 buy up all the raw material TO be found These mo-
nopoliss based the OF their scheme upon the
sornes. of the crop OF 1876 and as they obtained con
troll of the entire yield for the year and possess great
wealth, Il Is thought by merchants that tne corner
will probably last for considerable ume' "heh 'nc
effect OF the combination was felt III ms harket pur
chasers bought silks freely at an Increase OF ID per cent
on former prices although tie state OF the icfcSh
trade warranted general advance OF 20 per cent On o
brands OF SILK. full prices were ohy roa~co on oAooP
Tho business Of silk importers last Fall despite the
sudden advance in prices, very satisfactory Inc
enhanced value OF the goods ho"sse az Of
honest traders IL IL suspected thai aireaUy dise q
titles OF cOntraband six nave louhu ,hci Wy o.
market This is shown by the fact that country mer.
chants can sell at retail the same class o. SINS do &
held by importers much bcio wholesale prizes, lnS
trrrriiy is especially marked on the Canadian Dorde
and New York merchants have abandoned All atteup1
70 scll goods in that locality. Sorekc'pefs VINO sou
sils n.low market value take the prccaton 10 CUT on
the brand bearing the makers name, mus Tn''g r
chase the precise method Of slhuggling silks mo
the country Is difficult TO detect Importer a1cro ,
wien buvcrs have made their purchases Ill me European
MARKETS. a contract Is made Tor the delivery OF the
goods at merchants store Tor moley VI ,no ~
chants in tn interior cities to import silks dlec lo
Europe without appraisemeht ~ III, .S 1 arc Semi in
scaled cars TO tn cOnsinee leaving TING matter OF il
prasa to the local or branch customs U,I' necs the
goods To The risk of erroneous valuation ny ihconpu,e
dshonGs, sPpsS o silks Which traders saw the ave-
rage Omhouse Official does not posses .on mmV
len We beer engaged III the making or SIX we Erc.,cI Par
~ heir iyes assert that is Impossible Ior the most
sLilhul Judge TO valuation on Il q'iihuy o. SIN
Goods nearer than margin of 10 or IL per cent 10 s
actual cost and that appraisers sometimes nsiS' ~ t
matter OF valuation. on margin ito oio9' 40 WV " ~
per cent - -, ,o,,.,n,, dirty nm silk il also de-
clarcd satisfactory by importers Inc uuy IS oo pe
cent ad yalorem anu according 10 tlJ 9'S' raua ~
the owner of the merchandise thinks the appraiser m
just must either submit or te STOW tSs ast for
his goods. Merchants think that II Silks were "Hou
c,,up 10 weight instead OF the present s4 oic VIC op-
nortIl.y OF throwing goods on the market DciO" ther
lust value would be removed. a., ., an, .u,,o
In speaking of the prospects OF the spring SILK trade,
the principal OF OF the largest Xix mporIhs ionses
I'm the country said recently thdi we ou,looh mi'
not altogether dsc9nging nc onsH t ., ,,,rt min
should be preserved in Europe ana prliucH q''' i 49,,
tanned ut home, fair business would De- donn anu tie
Europe the silk trade would become siaghaht t.9lc
manufacturers would deiuge THIS market win tuSir
goods aud fall in prices w3'd make DaSfss y iae
lncnt of the Presidential question tne pSei. n
tnty should be prolonged until a,,er tue i % IA r
cover from stdgiatOn