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Freaks Of Trade

Freaks Of Trade image
Parent Issue
Day
10
Month
November
Year
1865
Copyright
Public Domain
OCR Text

A iNew York correspondent mentiona thu foüowing is among the notewoithy pic'.liarities of trade at that port withia a .short time : Au 'nvAca uf New England manufictured dry goods, costinjr $94,000, that were delivered here, sold sooa aftcr their arrivul for $200,000. Next, au imponer of dry gouds thought be would try the experiment of sonding gold to England, to soü if he culd not buy cotton goods thare cheaper than he could on this side. He did so. The experiment paid. He eíl'ucted a eleaD sav:ug of eight cents u every yard importad. " A grain speenlator, moreover, has made up his miad to see if he oanoot bring two or threo cargoes direct from Dantzio, and multe money by tho operation. Makmg íill due allowance for the premium on gold, excbnuge, etc, the prevailicg iuipression is that he co. These are facts, and as such, they go to show that high prices have a limit beyond whioh the public will not go. if otber murkets are open to them." On Friday, J. H. Draper & üo. old ia New York, under direetion of the United Stütes eottoo agent, 1,300 bales at the following rates : Middling fair to low ordinary Mobile, 60a70 l-2o ; middling fair lo low ordiuary New Orleaus, 61 l-2a71c; strictly middling to good ordinary, 59a68c. "These figures are about hult' what cotton of these deseriptions was worth about one vear ago. Mauutactured cottons are nfl'arly doublé what they were one year ago, and it will not bü claimed tbat there hai been any inerease ïa the cost of manufacturïng. Yet, under a protective tariff, manufaeturers have run up the price udtil cotton can be mporled eight cents a yard cheaper thaa it can be bought in MaHsachusett-i. Large importations would reduce the price temporarily, but it would be agaiu raisod by the manufacturéis as soon as tbey should obtrin control of the trade. This they would practiciilly do wheii they ohanged the cui rent of' purchases to themselvei.-

Article

Subjects
Old News
Michigan Argus