The Nashville daily union. [volume] (Nashville, Tenn.) 1862-1866, 1865-11-18

too high aud no argument Of ours could
reach the hearts OF the saints vino promised
consumers cheap goods under high tariff.
put they didn't do ID, ard their smbiiion for
hign prices ran rampant til cur printer
nao % seek for cheap cloths IN otteF lands.
one Of our importers alone is said 70 have
sold one thousand cases Of English p, int il
tits market in one day at profit Of seven
cents per yard. notH ithstanding the hich
tsrid on imported goods
These Prints we're being landed in this CITY
e. about &c cost, 81 q period when Do
nestle Gray Cloths were bringing 28sa7c
These Gray Cloths could De produced Al The
same time il the neighborhood Of l4e per
yerd, and before the raw material rose
Prints that were selling at 32o could be pro
dueec q a profit Of Toe per yard less BY
those who made their own Cloths. But the
greed Of gain wouldn't let them consider o.
ponder over the wants Of half-clad nation
ci females, until they ran focklessly on 70
the verge Of q preeipice that nov bids fair
20 eDguf them aud involve them h serious
loss; for We find that some Prints are SELL
ing al prices qnite as low a. those paid for
the Gray Cloths.
And yet. in the face Of all this we find no
giving way IN the price Of Cloths. On the
contrary, the Cloth men we're coutelnplating
70 mount high hobby when Cotton recent
y advanced from 4se 10 &c per pound, and
carry prices still higher, and printers were
eogitating about doing the same, when 70
their surprise q panic seized the trade At a
period wasn Cloths and Prints were exceed
Ingiy scarce, owing to the stOppage of the
mills Oceasioaed by the severe fsuminer and
autumn) drought. But the poei SAYS that
the best laid plans Of men and mice oft gang
egiee, snd IN this instance the truth Of II, 20
far as the former are concerned. has become
forcibly visible.
Last week we were very much astonished
70 and Gamer 4 Co.'S fine Prints iobbing in
the open market at 27<c, but We knew
clearly the object was 10 force other goods
down to the same level. The attempt has
been successful, II We except the Merri-
mack and Arnold's Prints, which are for the
present withdrawn from the market by the
agents, Or nominally held at the last week >
prices, which Of eourse csnnot be obtained.
The COeheeo have declined 70 15c, off :
Sprsgue's to 3se, of; American to &c, 5
of; Richmond's &c, net; Dunnell's Csc; and
Aliens 25c, net, for fancies.
The Wamsutta have jObbed ali the week
at &c, and Freeman's dropped 70 the same
/ price during the forepart OF this week; Amos-
keag 10 &c; Aliens and Dunnell's to Use;
American and Garner a Co.'S to 26c; Rich
mond's 70 761<c; spfague's and Pacific Co e
I 70 zfcJ ana bOcnecO ana MerElinac 10 Zsc.
At these prices goods have sold 10 fair ex-
tent, but there has been no rush, although
q leading Cincinnati buyer has been pur-
chasing with avidity. But a farther con
cession Of &c yard IS noticeable (in certain
| quarters) for leading articles, as We pen
these lines. This is, however, not generally
known IS yet, and we opine that it will lead
] to a more demOrshzed market when the fact
becomes known among the trade.
Since the above was written, the panic
continues 70 increase in volume. Rich
mond's fancies have fallen TO Csc, N first
hands, aud the American and other leading
makes are also iuil lc Of. The Cocheco are
now jobbiDg at 261Ee; sprague's and Amer
can 81 95c; Dunneli's al 24e, and Amoskea9
az Csc. The reduction in the price a Mer-
rimaek W aud Cocheco 10 27c, and 261<c
cannot be regarded as a far test Of the
market, but it is done for the purpose Of
breaking down the value Of other goods
and is q game that csn be played by two 81
| well as one. The market, IL the meantime
is exceedingly active among the jobbers
Hoyle's Prints have dropped 70 &c from
81 &c, and Sehwabe's Prints 70 &c. Al
these prices we expect 10 see all available
stocks 60 direct into consumption imme-
diately.