The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-11-07
NEW YORK HERALD, SATURDAY NOVEMBER 7, 1857.

transferred from schedule G. In the tariff Of is4e 70
schedule ~ force q the provision q the second sec
ticn o. the act Of March s. 1857. which transfers 70 that,
schedule "watch materials and unfinished parts OF
watches" After defining the phrase swatch move
men's TO be the entire watch in running order, except
tho outer case and crystal the Secretary holds thlt tho
tariff act OF 1886 provided FOR watches and parts or
watches" and watch materials in schedule q. IRE
second section Of tariff of March o. 1857 transfers
from schedule TO schedule swatch materials aud
finished parts OF watches The designation schedule
embraced ''watches watch materials and ports Oh
Watches" finished and unfinished 0Watch ,natcrals''
and unfinished parts OF watches being transferred to
schedule H. 'watches and parts of watches, other chan
unfinished parts" are still le. in schedule G, liable to
duty Of eight per cent.
"Watch movements" neither awatch mater ials )" ID
that term understood in the language the trade
they unfinished parts of watches and do not fall with
in the provision of the second section OF the Of March
3 1857, which transfers wach materials and Qninnd
parts of watches toscheduie II. They must ~
as remaining in schedule g, subjee, W duty nj n
The Secretary of the Treasury ION appca) has over
ruled the decision OF the Collector Customs Boston
rh, Gss o n:e o. res cent Oh watch h.mds and
they are moi watch enents" but Swatch materials"
mad dutiable under schedule II.
The annexed statement exhibits the value Of
foreign dry goods imported into this port during the
week and since January in each of the past three
MOVEMENTS Fost1oS Dry Goops.
Entered q. the port. ss4 .1s77ss .5sso4e
Thrown on Market. 16s2345 57G3s5 17ssoS
S,nce JON. l, 1863 1856 1857.
Entered At the port 677 ss ssi $40 I75
Thrown on market So 500 1858 S2S57 l63 7eJ7S,s44
The feature of the week in the dry goods trade
has been the large sales made by the auction houses
First we had the large sale Of cotton cloths
featured by the Atlantic mills, which were disposed
Of for cash. This sale occurred on the Sd instant.
On the 9th a special sale of French goods was held,
at a credit of four months, which drew a good COM
pany, chiefly city buyers, while the bidding WAS
spirited; but the goods. on an average sold under
the asking prices and from thirty to forty per cent
below the current prices before the panic. Both OF
the foregoing sales We have already noticed
in the HERALD. Yesterday Messrs. Wilmer
dings & Mount held a large special sale
of French goods OF the importation of Messrs Benk
ard Hutton. The terms were six months credit,
with approved endorsed notes payable in the city of
New York and an allowance of per cent for cash,
all sums of 800 or under to be paid in cash. The
catalogue embraced S64 lots including merino cloths,
mousselne dc LANES and rich striped and plaid ombre
do, SaXony and merino paids, figured and satin
striped nerino cloths, figured and striped new pat
terms merno cloths, with large variety OF rich pat
terms and styles of silk dress goods and stuis. The
sale drew full house, including both city and out of
town buyers; it wanted however the animation which
such catalogue would have produced early in the
son. and Notwithstanding the goods were sold at
credit of six months the average OF the sale exhibited
decline of from 80 80 per cent below the prices
current early in the season. or before the panic. The
goods which sold best consisted OF merino cloths
and the desirable styles OF moussene dc lanes
which only made loss OF about 20 u 20 per cent;
and those which exhibited the heaviest falling of
were stuff goods, robes, dress and fancy goods a
good many lots of this class were pressed during the
sale. The shawls to be sold to-day. IL is now
getting late i'm the season, and many importer from
the unhnged state of the times will feel compelled
to hold their stocks Of staple goods over for another
year. The above sale was contemplated to have
been held early in September, but it postponed
ON account ofthe panic, which each succeeding week
grew worse; and the sale yesterday was the first
large made since the panic set IN, at = months
credit Very few orders have gone out To France
for goods and some that had been previously sent
facturers in Europe who have consigned goods TO
this market will suffer losses. should they attempt
TO force them of at auction. The depression IN the
trade was in a fair way OF being severely feft IN
France as well az in England and Germany; 80 that
nearly all classes in each country are likely directly
or indirectly, to feel its effects The jobbers have
been doing little better the present week. though
the business is irregular and far less active than
year. The truth is, that the panic how
ever caused, has had the effect, in
a great measure 10 destroy the fall trade coming,
it did, in the very heart OF the business season, the
pressure has been severely felt The collections i'm
proved some, as exchanges in the interior became
better regulated. Some dry good houses hiye re-
ceivod remttanccs in produce, previously noticed,
by which means the heavy premium demanded for
gold and drafts on New York. have been equalized.
The export trade in cotton piece goods was limited.
Spinners in sections OF the country, have made
small purchases Of yarn cotton TO repenish short
supplies Staple cotton goods, although much de-
pressed stand up when sold at auction much better
than might be expected, when compared TO sales OF
foreign goods and especially OF fancy stu5 and dress
goods.