New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1861-11-30
The traffic Of the Grand Trunk Railway Of Canad
7 the week ending Nov. 10. was as follows:

Total Tor cotresp ndiDs peiiodiAst year i,J'Ii'o -
The market for Dry Goods maintains its strong
position, and for Domestic Cottons gradual advances
are observed almost daily. The business. however,
ia not large for immediate consumption, but !, chiefly
with the strong iobbers. who are making up stocks
in view Of continuous advance a. the season pro-
crosses, it being conceded proposition that all Cot
ton goods will be in short supply during the coming
year and OF course will command relatively high
prices. The chief sales made for clsh, and more
directly than heretofore. The commercial credits have
experienced a shock which will restrict trade for a
long time, and no sound, conservative merchant is
DISPOSED to extend his business. The events Of the
pas few weeks have illustrated the baseess fabric Of
credits as her-to;ote established. Failures OF houses
of hitherto undoubied credit have occurred, and con-
fdeucc in commercial circles is gone.
While confidence which ia another name for credit,
should exist, it should have basis which will admit
OF scrutiny But, far as manufacturers are con-
cerned we have for a long time contended that they
should not give credit on their fabrics. They pay
cash for their stock labor &C., ard they should not
be compelled 10 sell on eight months time This
system has inaugurated another, which the manuiac-
turers are suffering under to-day. The commission
house gives time gccepances on goods received, in
order to asst the fbricant in this system Of long
credits; and, in such panic has prevailed for the
last six weeks, the commissiou-house finds itself
unable to meet its aeceptances on account OF the de-
lnonencies Of correspondents, aud thus the manufac
lurer is required to meet the drafts which he bad
realized Oh six months ago while his goods have been
sold on account Of bis agent The New-England
manufacturers have been ruined repeatedly by this
OF ation and a new class have taken their places, to
be ruined in their turn. When they adopt the
English plan Of disposing of their own goods with
ont commissions for cash, rome stability will be
given to the enterprise-and not before.
The Export trade il becoming more active, and
orders which could not be filed in the Summer
months have been duplicated without restrictions
TO price. This trade as we have before remarked,
.houd be cherished as il is the main support Of the
home market; and with its increase, our msnufac
turing industry will prosper. Il ia estimated that the
value Of textile goods, manufactured annually, IL
over 1856 900 eco. Nearly one-half Of this amount
ia exported while the balance enters into the bone
CONSUMPTION. More than one-hah Of this amount Is
made up cf Cotton Fabrics, and the manufacture has
increased nearly double in the last ten years. In
1850 thew exported of Cotton Sli2 800 900 in value;
in 1855 STA 600 C0), and in 1860 $3.50, 100000 Tue
imports Of Cotton, of course, increase in the same
ratio, while it reached in 1850 EG63,OO0,00Oi in
1860 the imports amounted TO / 39l Geo, 600. In
deed. the growth Of their manufacturing system,
especially In Cotton Fabrics, is one Of the
wonders Of history. Scarcely has GEN.
ury elspsed since the entire value Of their Cotton
manufacturers was only about 81 ,OOO,O and at
Il. ,aJ ha han
400 600 600. Tie results of this industry upon En-
gland can scarcely be estimated. From mere pas
toral population they have become large and intel
eeut race of mechanics; the wages of the laboring
classes have been increased, and tho wealth and
power of the country find parallel 10 history. En-
gland possesses no peculiar advantages in manufactur
ing which our country could not have. Yet we
see no such prosperity or growth in manufactur
ing districts for after the effort of seventy years we
are capable of consuming only about one-fth Of our
cotton crop.
This enormous trade Of England in textile fabrics
will be cut off during the next year. and the manu-
factnrers are preparing for such an event. BY the
last mail we see that Messrs. Taylor g. Brothers,
cotton-s pinners, of Wigan who euploy about 2 800
hands, have just Issued the following notice to their
operatives: " III consequence OF the CIVIL war III
America and tue blockade of the Southern ports,
supply Of American cotton cannot for some time be
anticipated The stock Of cotton which we have held
has enabled far to keep ellis running full
time. We now, however, think it right to inform
you that, should American affairs remain in the
same position in January next as at present, we
shall be then under the necessity Of closing mills
We trust that your prudence and good sense will lead
you to save what you now can for the time when
you may be out of employ
This is foreshadowing the course which must even
tuslly be adopted by our own manufacturers, end Is