Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1839-10-01
Cet.on and WeeIle. rIann fact.rrs.

OOll6m
The domestic manufactures Of the country are not III very
prosperous condition Cotton goods, particular at the
present time so low to make il almost Improbable eu
ness TO continue the mills in full time III said that some fac
tories oe ON bale of goods made THIS IS lar different
from the state of trade last fall when all kinds of cotton goods
were and high The stock and
~ e hands OF the agents, quite large aud the consumers
Tor The season have been supplied Ihe quantity IN second
hands sufficient whatever demand may exist for the
remainder Of The II is difficult for any form
comparison of the price. Of this FALL with those OF last spring
and fall but il is thought that the present prices Of brown
sottons from Is to 20 lower than they at the
periods mentioned In consequence Of the fever the south
no demand from that section Of the country has yet
and when does IL Is not expected TO be so large as usua
The preset condition Of the cotton manufactures OF the
country be attributed to the quaaty made aud
that in the habit Of dealing domescs quit keeping em
for they for time do without And again the high pr
ees last spring BATTERED the manufacturers with the or that
oe times would last aud they consequently put every bit
meine in motion They went so far as to erect new
mills and throughout the entire turned out goods IL
they the whole world to supply But when tins season.
trade opened, The demand did their antc pations and
they obliged keep their mills in half time which, with
stock hand knocked down prices without
prospect of rise at present.
Our wooen manufactures in better condition their
situation be sure very prosperon then they
much better of than the manufacturer The supply
weollens in this market, large yet prices
high being hardly sufficient pay the cost of manufacture
woolcn goods have been low but lately Improvement has
ke place which attributed to the large qusnti Of English
co.h- valued 1t s. 0O0000 which have recent,
ezsd by Government thereby giving domestic woolens hit,
Th,s has raised the dropping spirits OF manufacturer
small woOlen situated
the Hudson and ITS tributaries and also in the INTERIOR
between this city and Albany annually send this market
immense quantity of low priced cassmeres and sattoe,s but
not many cloths, made. The mills large
Of the material produced in this vicinity and
therefore, bad felt equally BY the and
canals and river close early in the winter that it
full Eve months that the get yard Of
their goods market Their merchandise 10 sent to The DIFF
erent dpots the river throughout the and when
commission houses receipt from sorehouse
gents that such goods deposited with them subject their
o the merchants here accept drafts drawn by the manufc
for thirds Of the value Of such goods short a
This enables the manufacturers realize within onehrd Of
the value Of goods BY these goods get here
the spring. fair dmand exists the suppl kept through the
winter has been exhausted In Of the quantity ice
bound the first arrivals in the spring command high prices and
they generally we'll sustained hroushou, the but
in the fall the stsck large for the anuac
the whole to make goods without corresponding
demand matters not how low how plenty inferior quail
~ Of wooen goods in the fall the spring business invariably
sweeps away the .arply.
Suc tina position the domestic cotton and wooIen trade
We will examine into the foreign.
So far the importation Of foreign goods has
than anticipated and there large gu unity
arrive the way Orders late
the goods ordered net arriving early import
wish, Generally swn importers have ordered light
but they cannot BY their foresight mora
ton The different accounts that go Europe from this
try relating to the situation and the spects OF trade
upon by the Of England
and they favorable otherwise shin their goods 10 this
country and Mostly this market Our local importers suffer
materially ~ these proceedings Of the European manuactur
They glut the market with foreign good and prices
have but poor credits in Europe and they compelled
port goods under many disadvantages which the European
shippers seldom meet. Then again the goods sent out by
Of these foreign houses mostly those manufactured TO
k orders and refused by American agents in England By
these they have the advantage in underseiiug
The arrivals thus far this FALL have exceeded those Of last
spring. but anticipate large trade this month aud No
vember that will pretty clear the large supply
hand Within the week two trade has been quite dull
transacted this fall much heavier than that Of the four months
ending with May.