The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1856-10-25

tcn has exercised more or lsss influence The trade
Many country merchants, owing desire 70 reach homo
IN time 70 VOTE have le earlier than they would other
wise have done, and OF them may be compelled 70
return In November, Ater the election - over, 70 CON-
plete their assortmens Ance last report raw co.,
ton has Preceded in prices about Ne per h. from
the highest point then current, but prices In
this market are still above the corresponding
rates in Liverpool, and above the value Of sta
pie cotton goods OF domestic manufacture The
stock Of raw cotton in this market continues ge, ana
that in the hands Of spnners also being reduced prices
have been better maintained here than elsewhere
they have purchased sparngy or, as were from hand
TO mouth, preerrng 70 wait increase Of supply nom
the receipts Of the crop The upward tendency of
he market in Liverpool checked by the sriugency
Of the money market and the increase in the rates & @
count which, on bills over sixty days 70 run, had been
fixed by the Bank Of England At per cent higher
han that reached during the war should this
diary advance DO maintained for any length Of time 10
France and England, II will operate very severely
manufacturers and dealers ID Manufactured goods be-
cause the great bulk Of thc paper made at ninety
days and four months Eosy for the latter PERIOD aud
unable 70 obtain their Usual discount except al per
cent they must either advance prices TO the
HANGED rates Of interest seek funds through private
channels The first would check sales, and the &C.
cond would be attended with difficulty not successful
In either direction, the only alternative would be to ex
port their goods this and other markets under ad
vances Hence should the money strr gency aud higo
rates OF interest continue abroad, We cannot expect any
dmh uton Of imports from either France or England but
possibly actual increase the corresponding pc
RODS OF last year. When here In Of demand
The same course will result that has always resulted from
foreign money revulsionsthe goods will be forced OH by
auction ana the proceeds demanded In specie, or it,
equivalent. Under such influence OF irregular trade
goods Of production would have to stand
c0mpettOn while many OF large importers and JOB
bers with heavy stocks left over would be compelled "
submit heavy reduction prices or what foreign
shippers OF goods to this country would do resort them
selves 10 the auction In advance OF their foreign
competitors And this, TO some extent as the fall trade
cos they have already DONE Looking at the subject
in all s bearings cannot help considering the present
state and future prospects Of the dry goods trade IN s
country or less critical II cannot be denied
that under the influence Of the multiplication OF
banks the augmentation Of the capital Of old nsitu
Tons the credit system has been unduly expanded,
which, under the pressure OF tight foreign and domes
money market, IL liable TO q severe reactionary move
ment so far until the advent OF the present crisis in
Europe, things bave looked WELL Produce OF all kinds
has brought remunerstve prices California has yielded
her usual quota Of god the farmers have been in good
ccumsta aces and the payments from the interior have
good yet within the past week failures have been
rather more numerous than usual including lsrge'
number Of respectable city houses, among wnom were
HIdeDburg suydam & Reed 10 veil 4 Larned Robert
Davis Ira Todd The most Of the other failures have
occurred in the States OF the Northwest. It s re
markable fact that fewer failures have occurred In
planting States OF the 50 during the past year than
IN any other part OF the country, than for many
years previously in that section Of the Union. The
export Of cotton piece goods, during the week
endipg the 18th instant, light having
been only Of the value Of $40 q6l5 divided between
Brazil China and Hayti Brown sheetngs and snirtings
higher for all descriptions. Standard heavy sheet
mgs ranged from shc. SIC. Though the market wa
scve at these rates. suppier bought freely
old prices, held speculation. BIeached goods, OF
CIV grades, were &c. &c. better, while higher quail
Ties frmer and in good demand. Drills were higher
browns now held at shc beached sxc. aud blue
at II &c Ospaburgs quite hrm, and grades suit
able bsgging told In advance OF production Corse,
jeans nrm with fair at advance OF &c. Can
6al neis have been in good demand, and favorite
makes held at higher rates DENNIS were also frmer
ard tie Improve ment previously noticed maintained
Ca,on duck continued firm with Al Inward tendency In
prices Printing cloths Nc. higher, with fair de
pand. Prints were hrm, and moderately active for
the advanced stage OF the Gnghams in fail
r,quest full prices Muslin do lanes we'll solo
dow purchases Of desirable styles Tor future
delivery at loc., which WAS an advance OF L. 10
Coths, especially elts, were firm Goods Of all WOO
In coed demand. OAssmcres and sattnetts
good demand and hrmer for all descriptions Tweed
and jeans in fair demand at steady prices Shawl
were In good demand with fair sales OF all kinds q
pretty iulI prices There change in foreign good
requiring any notice In deia Il IL sufficient TO say tha
.he -,ces Of nj desirable and seasonabe yles hav
been TAR well sustained, while old stocks and LEE
fashionable desirable Assortments have been irregular
and many Of them the trade would bear worked Of
at auction.