The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1859-09-17

a, last accounts from England trade in Manchester,
though less active was considered favorable The South
ern trade which has been unusually large and active,
now drawing towards it's close its height having passed
AS dmnishes that from the West increases, and the
pas week exhibited activity from that direction
The advent Of cool weather for the has hurried up
he by trade which, with that OF the CITY, has be
more lively Many contracts made last summer oy
Eastern mills for the supply Of cotton domestic GOODS In
advance Of production have been hilcd yet the mills are
kept full play in the production of goods for market
The chances that at the close Of the fall business
larger stocks will be carried for the spring trade 10
commence the latter part Of January the LIST Of Febru
ary AS the close Of the Southern approaches job
beers have shown anxiety TO sell, and prices
have become for some descriptions easier and IT.
regular. Heavy domestic cotton goods have been
better supported on account Of the export demand
Domestic wooens Of desirable and seasonabe styles have
been sustained the has than cotton
fabrics owing the fact that their production not
stimulated BY contracts ahead, and this may be said Of
fine fancy articles well as Of heavier and quail
ucs frhtea eooos nav nna much neas
PREVAILS while delanes were less depressed than
during the previous week The fear regarding cotton do
mesc goods s that after the contracts have been filled
and the Southern and Western fan trade has subsdcd
that the manufacturers continuing in full activity, may
overload the market This result, however, Il was
thought, would depend circumstances. Heavy brown
shirtings were saeable at SIC. Sasc. Light brown
shirings without change Of moment in quotations
In bcached goods vorite styles of A goods in light
supply and sold in advance OF production Shirngs Of
lower qualities plenty Three quarter goods except
inferior qualities in good demand Drills continued
steady szc q in quote at 7Ac beached at SIC.
and blue at 10nc. l0kc Cotton hannes were in fair
request ut full prices OSnoburRS were comparatively
quiet Stripes and ticks were unchanged while denims
were heavy and easier. Printing cloths
in moderate request at about the quotations Of the past
week The trade in domestic woollens was r->and at
steady prices especially for the low and medium quail
ties Of black doeskns. Good styles silk mixtures also
sold well, shawis and cloakngs, according TO makes and
styles were in fair demand and prices steady. Fannels
and blankets were fair request and prices sustained
Kentucky jeans, nnseys and kerseys in good de-
mapd, especially the latter.
Foreign goods were in ample supply in the hands Of
importers from whom obbers were regulating their pur
chases, somewhat by the immediate demands OF the
trade The idea that foreign goods-put forward by
pares-had experienced general decline otwenty
five per cent is decided to be incorrect by Of the
reliable houses In the trade While styles Of
fancy goods have accumulated in Of demand and
have been sold by auction otherwise at decline,
other descriptions Of staple and desirable goods have been
sustained German cloths and doeskns in fair request
while German pads were sent to auction. British staple
worsted fabrics steady and held with frmness. Al
rahle styles steady Staple silks goods without
change from last weeks prices The wholesome resou
from twelve 70 six ana eight months made At the close Of
the panic in 1857 we fear has been less rgdy observed
the present season than IT was last year. The most fire.
ucnt of disaster to dry goods obbg houses has
resulted from the undue extension Of credits The plant
Of the South well the farmers at the West real
ze from their crops but year and merchants in the
interior find difficult to collect only year. The job
ber the meantime in the city compelled to purchase
at four TO six months from importers and auction houses
His only plan therefore, TO meet his notes. is to get
bank loans This works very well until the banks be
compelled for their own safety to cut them off when they
the first to succumb. The interior merchant who
sells at twelve months and has to the obbcr in six and
eight months must obtain loans from the banks in the
interior until the planters farmers pay him. and II
these banks fall into contraction his credit also jeopar
died
We suppose that the credit when extended the present
season. has been parties OF known responsibility coupled
with understanding about prices Of the goods, inter-
est Of money, Sc SO long bank loans relied upon
10 tho oEtent tAey ,s,,Iuu,s tso
goods trade Of this country, long will witness its ups
ane downs The only remedy is TO resort more largely
TO the cash system Some few Of large houses hav
ing adopted the cash system almost entirely have stood
like rock and dced the influence Of every bank expan
sion and contraction that could turn up.