The weekly pioneer and Democrat. [volume] (Saint Paul, Minn. Territory) 1855-1865, 1858-01-21

New York, Dec. 81, 1857.

profa oar Regular New York Correspondent
Between our two holidays we have had a
spell Of muggy weather, which has only
heightened our past and prospective enjoy
ment for Christmas was bright and beau
tiful day, and New Years promises to he
the same. All business is dull and spirit
less, as people are either at home enjoying
themselves, or are making preparations for
new campaign. Manufactured goods Of
almost all kinds will open lower for the
Spring season, though gradual rise may
be expected, on account Of the scarcity Of
money and credit among manufacturers,
which will necessitate diminished produc-
ton. The low cost OF material and labor
is temptation to those who have the CAPT.
tai TO go On and after the first of January
it Is anticipated that many Of the manuf..c-
tnrers in this vicinity and in the Eastern
States will resume operations, at least par
italy. This will alleviate the prevailing
distress among operatives in manuiactu
ring towns ut..orties on such matters
prophesy that cotton will go down, yet to
seven cents pound in breadstuiis, the
probability is that there will be an advance,
since the Atlantic cities have been supplied
only to the amount Of present wants, and
now that canal navigation is closed, all fur
Their supplies must come by railroad, at an
advance sufficient TO cover the cost Of trans
portation at least For export, there will
OF course, be little doing in breadstuiIs, since
the continent is pretty well supplied, and
the leading produce dealers in the North Of
Europe have failed, during the hurricane
which has prevailed there for some weeks
past.
No one anticipates an active business in
any branch of trade previous to the opening
Of the next Fall season rs the interior will
be destitute Of money and credit until that
time. The rapidly approaching period at
which the majority Of the extended obliga-
tiods Of city dealers fall due, will probably
show new crop Of failures quite equal to
those OF October, since the suspended banks
are borne down by a load Of protested paper
on which they cannot possibly realize more
than fifty per cent. during the next four or
five months II will be much more difficult
for irresponsible dealers to get credit here
for the next two seasons, than formerly, for
the reason that there will be less compcti-
ton among sellers Of goods. There have
been too many cotton looms in operation
and more than that, the enormous bank ex.
pansion Of last season had encouraged great
numbers of irresponsible parties to carry or
large business on mere apology for CAPT
tai and these concerns, which had every
thing TO gain and nothing scarcely TO lose
have been swamped entirely. Manufacturer
goods will be disposed OF much more care
fully than heretofore Money will be easy
for the best houses, for the reason that tn,
number of borrowers, that is, of those VIII,
are able to borrow, is greatly diminished
Security will he the main point Of conside
ration with those who have capital to in
vest, and security is difficult to obtain o
present.
The fact that larger amount Of produc
than usual will come forward by railroa,
this winter, owing to the lateness Of tn
crops. will tend TO improve railroad stock:
As TO alnusemen,s. the theatres are wei
patronize,l. and several local dramas draw
full houses. The performance Of Mozant'
Requiem. on Saturday, at the Academy, i
expected to prove great success. Holida
gifts are still in demand. and the most obdu
rate purse strings cannot tail TO relax unde
the pressure Of bright eyes and expec,an
hands 90 peculiar to the season. These ar
the halcyon days of dealers in fancy goods
a mos, horrible and unnatural case o
crime Is now in preparation for one Of tn
city courts, which promises to excite a
much attention aud interest as the BuRpELl
affair particulars will appear soon in tn
daily papers, unless recuniary inducement
shoald succeed in hushing the matter up.
The Mayors Of Brooklyn aud New Yori
receive their friends tomorrow. Mayor
and ministers have lady privileges on New
Years -.