The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1859-01-08

Inc oiiowns is comparative statement Oh the imports
of foreign dry goods at New York for the week ending
January g.
For he ,csek. 1857 1858 1859
Entered at the port 81 l9l 00o s5Ol ,439 >,21l $50
Thrown on market. 2,22l 200 436,sl0 l,lsl,52.
The above table gives the of dry goods with the
thrown upon the market for the drst week in
January OF the present and two preceding years The
imports for the first week in January 1858,
siderahy affected by the panic which prevailed during
the preceding autumn. 1t will, therefore, be perceived
that the entries and Withdrawals for consumption during
the past week have been largely o those for the
corresponding week in 1855 but greatly below those for
the week 1851. Trade for the first week OF the
year has opened with encouraging aspect, and there
have been more goods selling TO the distant Southern and
Southwest trade than usual at this OF the year.
business in the planting States of the South during the
winter thus far represented as having been quite active
The uavgabe state of the rivers and increased railroad
facilities, with good prices, have induced the growers OF
cotton to send it 10 market earlier than usual The plant
said also TO have raised larger share Of bread
stuus tn usual, anG, Win more careful economy, nave
placed themselves in bottcr financial CIRCUMSTANCES than
usual Rnyers met with IN the city from Texas and
New Orleans, who picking up goods suitable the
spring ana early trade IN impression prevails
that American cotton piece goods may become higher
the season advances, which induces many persons TO
make purchases sooner than might otherwise be the
The cotton manufacturers were never dong better than
al present and hear that nearly al actively and
fully employed aud do not appear to hc troubled about
tarils. IL is supposed that domestic consumption Of
raw cotton will be larger than IL any preceding year
some suppose that 1t may reach 500 600 bales while others
IL at ABOUT $50 900 bales Father estimate is excess
former years. should manufactures OF cotton con
tnue Ia Increase heretolore the time will arrive
when snail consume million bales o in the
ned states. The danger Is that wheu profits are good
as at present that by the imitation OF the credit system
aided by bank expansions, over production may again
take place aud another collapse occur. Brown and
hcached cotton goods, with other STAPLE articles o.
cotton manufacture have advanced from 10 &c. per
yard Heavy articles 81 cotton goods nave been readily
sold at the enhanced rac u0ing to less favorable adj
vices from China drills have been without change AMI
less active, but confidence couiinucs 10 be anta
from bclici that further aovccs ttor India with orders
expected nom South American ports will impart in.
creased hrInness ana stability tue market We quote
stindaid brown sAe'tngs and shrnes a. &C. advance
with saies al SIC; bcacAcd sh etnys aud salrngs
''s" n'" he"tl y! &C. !" nc His we're s'eadhy beld
az C. Tor forty yard pecos, SIC for odd len gihs
preached ave &C. tsc and buo at 30 ~ l01sc. stripes
"'i' ID hehi stoch ana ill0 some cuinul5sQn house
have opered lawns which present many attractive Sly les
and others To- BE- opened Moasscine dc
nav" bctn partially opened, and present good array Of
styles, considering the Intel a.sortmHfs on hand
They sell NJ about lee cling have nol fully opened
pui prices were sustained, at rate ranging lro sisi.
iuc. lJc. according a. makes. There Yves fair
amount Of business done 10 ylt capsrtcrs II steady
prices. fanc, goods exhibited change Low qaalitics
| Of satncts were IN TAR demand and az better prices
hchtu"hy Js"l, were hih AMI lhc latc advance fuly
maintained Indseys we're held with more trraness
IN oreign goods We have no great change 10 notice.
importers were more confident of steady trace during
tho ensuing spring season. English light prints and
were sought Tor by New ulioaas ohbers with fair
amount Oh sls. lng.sh dress gOps htve aopsarcd in
considerable variety, including prints and chaies In
lawns, robes have appeared called robes - deux upes
winch present rich and neat styles Of pgiung, and
sold AZ ~ so.
'Ton tic whole, the first Of the new wear opens
iavofaby, and all tho indications are in favor Of IN
1 early opening % an active and sound spring bus
ness. The lmpotaons, though in excess Of the
hrst week OF January, 1851 bv ahout double
The amount. Yet only about han the amount for
The same week ia 1865 The expansion Of tue banking
and credit system OF 1856 led t. an oyer imporiu.
ton OF foreign and production or domestic fabrics
which, at the commencement OF lo5 were supplied In
enormous quantities. and sold at random through the In
terror on long credits, aud almost without discrimination
AZ 10 the sovency or experience purchasers Bread
stus and PROVISIONS high at the West and merchants
from that quarter bought freely Of all satts OF goods in
GLIDING expensive French silks and fancy goods which al
peared IN Western iog towns market wholly uus,ed
FOR Their sale, they OF course when the pinch came had
to be forced of al rlnOus loss returned 10 New York
Such reckless importation, production and wild
trading on every hand, Of inflated the bubble
that only required sudden aud large contraction of the
banks TO explode it, and which eectuay occurred In the
autumn OF 1851 The lesson has not been lost Credits
have been cnfaled and business conducted on souuder
principles II Is hoped also that the dnBgers of future
expansion and collapse may be avoided however much
the banks may labor to blow up another bubble TO
Il burst on the INST revuisOn.