The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1865-08-30
DAILY NEWS.
WEDNESDAY MORNING, AUGUST 50, 1865.
THE DRY GOODS TRADE,

The New York Times, of the 22d, gives the fol-
lowing very interesting statement concerning the
dry goods trade:
Tho market for domestic goods has been quiet,
but steady, during the past week. The compare
lively low prices ut which the raw material can
there in more cotton offering for Europe than at
any time since before the late war commenced
has cxcrted q depressing effect OH tho goods mar
ket, and we have accordingly to note some con-
cession on the part of holders of many descrip-
tions. We do not mean to be understood that
there is any general decline in prices, though
under last weeks quotations. This is especially
the case with prints and the poorer makes of mus
Inns. Stocks arc light, but, with only moderate
request, holders are more disposed to realize than
they have been for SOHO time past. Moreover
some dealers, who pretty well provided, mani
they hi have dome, and they undoubtedly would wore a
itinot for others who express their determination
to holl out. The fact that though cotton has now
gono down to about 43c. for middlng, manufac-
turers are not buying, has some caeet but this is
nearly counterbalanced by the scarcity of labor in
the manufacturing districts, which has the effect
to materially curtail manufacturing. It is feared
that good deal'of difficulty will be experienced
in procuring sufficient number of operatives; but
tho number has been materially augmented of late
the war.
The Manchester market is reported by late arri
vais 70 & 6e d1a m and heavy at lower rates as com.
now lower by Id @ld u ID. in low counts and quail
ties, and 1d.@13d' ~ ID in tho finer counts and
better classes: gray printers, 20 yards, have
Declined Gd. Q0ls; piece according to class and
weight; SO madapollams have declined Cd. G9d.
per piece, and 90 printers also about I'd. @9d.
5apcce; but they have been in steadicr demand
than most other goods, except T cloths, which are
only 3d@6d. S9picce lower; and domestics, which
have all along been freely purchased, remain
"a shirtings suitable for China have declined 1s.
Sd. OILS. Cd f9 piece during the month, but the
lighter makes, six pounds to seven pounds more
especially adapted. to India, have given way in
price more considerably, and are quoted IL. (02s.
lower. Figured &nd brocadc shirtings have also,
mulls and jaconets about Sd.@4ad. "a piece. The
decline Of Cotton 1T Liverpool during the same pc
riod may round1y be stated at 3d.013d. % 10 in
American and Egyptian; lG11Id. q Ii in Brazils,
and Hold. a Ii in East India descriptions, while
from their scarcity Smyrna have advanced Sddf9
seen that the fall in valuo has been considerably
greater in Manchester than i'll Liverpool.
Shirtings. .andEsheetings must be written 16ltc.
lower prices having fallen i'll sympathy with cot
ton The demand is moderate ct the rGdnfbtieS Gda benn
and dgrg the past e dpS buyers to
than eper si.e Excitement occasioned by the de-
faications forgeries, failures, &c, having created
a very uneasy feeling: The failures and rumored
failures constitute the worst features OF tne
business greatly. The merchants do not know
whom to trust, and paper IL regarded with much
suspicion everywhere. The dry goods interest has
suffered less than any other. perhaps, but the
fnure of several of tho largest banking firms
cannot but effect every interest, to greater or
less degree.
Prints have been in demand, and most kinds
command full prices, though there are some few
executions. The market at the Close however,
was heavy, and prices were barely sustained.