Year: 1870




FREIGHT CHARGES - PRICES OF LEADING


ARTICLES-THE MARKET FOR COMMERCIAL


PAPER.


The wholesale dry goods trade of this city
has been quite active during the present month and the
large houses kept busy employed by the customers
already here The principal trade, so far has been from
the South and West 1t too early yet for very heavy
trade with buyers home though many such have
been in market making light purchases to start the
The commission dry goods houses have been
busy for some weeks aud the volume Of their business
has been larger than usual The city retail trade has not
begun and city retailers with the exception Of the large
Broadway houses have done little toward laying In their
Fall stock Among all these classes very good feeling
prevails and all anticipate favorable season. good
Fall trade is almost always early one and this year
buyers have arrived and commenced their purchases
rather earlier than for past One OF the most
promising features of trade is that stocks through
out the country are, in general, reported
TO be quite light. The retailers have hereto
fore bought quite sparngly, and have succeeded in
reducing their stocks to such a low state that
the prospects Of the greatly improved as but
little old stock will have TO he disposed of TO make room
for new City iobbers have pursued the careful
policy and their stocks considerably lighter than In
some previous years. and present fresher appearance


The prices Of many kinds Of domestic goods are lower


than they at the opening Of the Fail season OF last
year. Foreign goods too quite as lOw on the aver
age, notwithstanding the At this time last year
I
then and quite cOmpensates for the advance OF the
foreign gold price many articles resulting from the
suspension Of manufacturing the difficulty OF shipment
from foreign ports and the enhanced cost OF uanspOTa
ton 1t is anticipated that later in the season the stocks
Of NewYOrk Obbers win be much broken aud that many
desirable styles Of goods viii be very scarce The reason
is that even if the should close will be impossible
TO obtain many leading styles the factories have been
unable to run during the continuance OF hOstities.
Even should they resume operations their products
could not reach this market in time for the Fall trade
Manufacturers Of domestic goods have suffered so much
for some years past by OveTstocng the market that
their operations of late been carefully conducted,
and the determination generally arrived at to produce
no goods than be disposed Of at remunerative
prices.


German especially Prussian, goods rendered more
expensive now than they otherwise would be by the
enormous freight charges TO which they are subjected
The shippers have been compelled TO send them by
roundabout courses and the foreign transportation com
panes have not been slow to take advantage OF their OPP
portunies that the freight charges on goods that
have recently arrived in many instances four or five
times the usual amount Many goods from Prussia are
sent TO Holland ana shipped from l0terda 70 ln8land,
thence 10 America. shipments by way OF Bremen the
usual course have been imposing i9a some tWe me
River Elbe had not then been bockaded but
Since then partial blockade OF the Ebe and Weser has
taken place. which, however recent dispatches state,
HSm%rr could during August be sent out Of that port
but as there no direct communication with this



IOndon), and there transhpped. During the blockade
of the River Elbe were made to ship goods
toJuand where the English vessels would receive them
There already some vessels connecting there but
i'm case of a blockade English companies arranged
10 send there for freight The railroad cOnu
nication between Hamburg and Berlin and Leipsic, at
the date mentioned, was uninterrupted


IL been feared by some that should the war be OF
short duration goods would be sent forward to this mar
Ret al the close such quantities 10 seriously jure
those having stocks on hand. We think the fear un-
founded as there have been many means OF egress
via other
that probably but few goods have been D0ekaded at
Bremen. The additional cost Of shipment has un'
doubtedy detained goods in Germany but il not


likely that they will be released IN time to afect our Fall
trade very sensby even the quantity wefe sufficient


Last week the trade in dry goods unusually heavy
even for this the busiest season of the year great
number Of buyers from the South and West made their
purchases This heavy trade together with the derange
gagged in by the operatives at Fall River induced
advance in the price of prints Since the advance the
viii equal that of last Some kinds of domestic goods
sired qualities Ths is more especially the with the
products Of the small mills throughout the Eastern
States and those located near this city, that depend
ent on water for their motive power The drOuth has
been severe and 10 long continued that many streams
is not sufficient volume TO keep the mills running
full time This necessarily dminshes the product


Many foTegn goods have advanced during the season
Kid gloves have advanced twice within few weeks.
Velvet ribbons great demand and have already
advanced than since the season opened They
Wre much sought for at an advanced price even be-

extent this than ever before 1t was reported
that the European demand exclusive Of that from this
country would keep the manufactures busiy employed
The has OF course nterfered with the production
and shipment OF these goods and this fact together with
the great demand for the goods renders the price %
and subject TO another advance


good many firms became greatly exercised at the
outbreak OF the European and eagerly bought goods
az advanced prices anticipating long war and heavy
ran trade Many others, however, did not rely entirely
on Nap0leOns prediction that the would be long
one and proitng by their experience during the Aus


rah war bought only in reasonable quantities The lat


er nae proved the wiser course, for although few ar


Ies nave advanced the advance has not been general
enough TO justify speculation based thereon A great


many goods are sold for cash days and although


The time houses DO much the larger business those
ahefe stIlcuy 70 the cash system doing a good
that Of the time houses. ~


Dry goods business paper Is in rather better demand
than during the past week two,
vance bas been established the rates prev nr
ing the Summer The best rate from ,o m
per per anhum and tls best single namea from t
ia per cent Notes that sold at per cent In June and
July quoted at 10 81 those that sold at ner
oeut quoted at 20 10 per cent This advance is
not account OF disfust but because the greater
demand for money for the heavier business the Fali
season. while At the Same time the amount OF money
held BY the banks is very much smaller than during the
Summer the demand for moving the crops ia South
NJ haul dra la auTnf IA her