The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1858-03-06
The Dry Goods Trade.

The dry goods trade has exhibited but little progress
tic prevent week that which manifested the past
The intense and unusual cold weather which has prevailed
for some days has tended retsrd operations Navga.
ton In the upper rivers OF the West has been either
terruptod suspended, leaving transportation by rat.
road as the only certain mode OF conveyance The bust
ness OF the week been chi, y confined the Southern
and Southwestern trade, wh,Te consumers generally
in better condition TO make purchases Than in any oher
par, oe the country Too New England and Western States
having suffered seriously by The late teac have
the slowcst Ia recovering from rs effects. The MID
specuiatons at The West and Northwest combined with
the heavy decline Wesofn staple PRODUCTS eil tho
people part Of the country in the main quite pros
trated though possesson Of good supplies of b,eads;o
and provisions While the trade OF the South will DO
fully up the ozark and exceed that for the
last year no ote expects tina. the trade from the
West will al approach the amount transacted thu
CITY during last year. Witha too, credit
has been much shaken the States OF the Northwest
through obstacles encountered by Eastern houses in
making collections In some parts of the West traders
and merchants who failed By the in making ds-
portion Of their effects in many cases dregarded their
blRatops 10 their Eastern creditors II has frequently
occurred that when agent has been sent town
the west t may be 10 Chcago) by jo6bng house in
New York make collections he has, reaching there
and calling on the house for payment been told that
the DEBTOR was P.nniess But, says the agent 70
the bankrupt, there are the goods on The
why cannot you, " YOU DO nothing better,
turn our goods 20 us To this the storckcopcr replies the
goods yon zee, cir no, under our control they arc
held by our local confidential creditors cho,tcl
mortgages Utder such practices these II is clear that
sometime must elspse b>fore ere ~ In such localities
again be1ome fully established. II Ia well known that
among the heaviest failures IN tue iobbins dry soos
trade in this city, within the past EIGHT months
Northwestern trade. A considerable amount Of goods
were lost through traders and adventurous IN kansss
and other frontier settlements The people OF
states and Territories have few and simple wants which
have be carefully studied ana canvassod by tooso
cssaying W supply them During the late rage OF gpccu
ston ard ovcrtrarg many inexperienced persons AID
oshcrr without capital enabled 10 obtain credit
Of the Fast without stint and opened large sod
expensive stocks OF goods In email Western towns
and chiefly upsuted TO the wants OF Western
farmers They displayed assorents and styles OF goods
in many very well suited fashionable city retail
trade, but wholly out OF plscc among the grain growers
and cattle rssers Of the Wcet In such the goods
deprecated rapidly their shelves sold
nous sacrifices, or retained given up 70 local
creditors under chael MORTGAGES leaving city creditors
IN the iurch. fortunate lsw In trade ven In
other thing that evils generally work thew cures;
hence we may expec, 70 witness diminished trade from
the West yet look for 10 q aounder condition
than heretofore IN. eSpor, trade in cotton piece goods
the past week again moderate, tho chief demand
being for China East Indies Brazil &c Cotton fabrics the
past week maintained steady prces. Standard brown
shrtpgs were steady ~ IKE 77Sc q &c, months,
with usual discount. Light shoctipgs steady At &c
Heavy shirtpgs were IN sir demand at sSc aud light
sbeetngs at Sc 51sc asked. Blcsched goods were
firmly held without change Of moment in prices Drills
were in fair export demand and hrmy held. Sales Of
browns made at sAc s7.c. The stocks have be-
come exhausted and orders are ahead Of production
The closing rates were at Nc 1850 for bescbed SIC.
sJsc for brown, end 10Sc for blue Osnsburgs wero
In better demand snd were held at rmer rates DENNIS
we're quiet and have change Of 10 notice.
Other cotton fabrics did not exhibit sufficient change
require notice in detail Foreign goods continued 70 be
firmly held whte the general business a fair OK
steady prices The auction sales have been
large scale the present week carpet sale held this
much spirit and at rather better prices good styles Of
desirable xceds