Daily union and American. [volume] (Nashville, Tenn.) 1865-1866, 1866-03-08
Neu York Dry Goods Market. March =,
Wns

The decentralization in the Dry Goods trade in
creascs. The protrected lack OF confidence among
outside buyers could be no longer endured by the
jobberS who. to test the strength ef the market,
marked down their prices about the middle OF the
week hoping thereby to ascertain, Mt the same time
how far customers could be attracted and commits
sion agents induced to yield.
On Wednesday, a jobbing firm reduced their
stock of Prints (but few cases at Inost 2@3e;
the effect of this comparatively unimpOrtant OPP
Grafton was apparent next day IN corresponding
reduction in Prints generally by the two Leading
jobbers, which. of course was followed by the en-
all descriptions Of Cotton Fabrics, the only eNcep-
tons being in the case Of goods specially scarce
Standard Sheetings have fallen 2 g heavy Shirt
inVs ad2l.c; Priating Cloths 6iN6i, &c: Blcached
Shirtings l@2lSc aud other goods in simil ar pro
portion The result Of the course taken by the
iobber, has been TO bring agents nearer TO the
views Of the buying side Of the market, while 1t
has al induced n considerable amount OF pureh-
asing By country dealers.
Prices however, have not yet come do&r 10 the
extent demanded by jobbers and their customers.
BUYERS present as their ultmatum ascaic OF prices
based upon pc for Standard Sheetings. Manutae-
turers say they can not cOncede 50 much, because
they have already reduced prices to actual cost,
and can make no further concessions without loss.
BUYERS go beyond this reply and state that goods
ought 60 be produced below present prices; that
Cotton is too high and its price is sustained by the
oycrsanruine aud speculative purchases OF man
uiacturers, that wages are too high anu ought 10
be reduced in conformity with the fall in the cost
Of living and the decline in Gold; and that, be all
these matters as they may they can mol, IN tue
present depressed condition of business in the in
terror, sell goods ut present prices, and VIII not
buy them 10 sell at n loss.
Thus matters stand between buyers and manu-
facturerS. Which party must ultimately yield, 1t
would be difficult 70 say From the large number no
has been known during any previous sprng-it
may perhaps. safely be presumed that there Is no
larger supply Of goods than the trade y ready 70
take provided prices are brought down to their
views. But il would be unsafe 10 assume that the
demand will prVye equal to the supply Il goods are
held at prices which buyers do not consider II SAFE
" Cotton Goods.
The stock of Cotton to-day is probably larger
than ever known before, and eopseSSsn'ly inc
| 5dcaSl per bale for all charges. which formerly
! cost onlV 25GSAc. The stock on hand Is not less
than lS 600 bales and the stock IN the country bet
little il any. short Of l,250,OO bales, whlch Is
/ much larger than was generally anucipxten'
| Hence the depression in the Cotton market MID,
| Good niddlinrs al 4Sd DC while ordinary staple
will not command over 36aSlc. Manuiacturefs
who laid in supplies in anticipation OF rise ana
speculatorS who purchased at bOaoic per 10, eN-
meeting that prices would reach 15c or II per 10
now begin 10 realize they made very bad barfains
The dulluess and depression in the Dry Goods mar
ket deter some manufacturers from purchasing inc
! raw material Al present and the demand conse-
| quenily Is confined to shippers; IL Is fcrtuhAte
indeed for importers the supply OF this staple
| So large and Exchange 80 low, as 90 enable taein
to remit Cotton bills 20 cancel their indebtedness
| 10 Europe. for the enormous Guanhhes oil NVou'
| rcccatly imported.
| BRowN SHEErINGs AND SHIRrlNGS-Ihe INQUIRY
has continued moderate, and prices are fully 2tsS
lower for all standard Shocungs, and even AT I'M
| decline the goods do not sell freely, although u
| will be admitted this class Of Cotens are lower
| than any other fabrics IN market Frees IN gen
| cral are quite irregular but most holders would
| not hesitate 60 meet the market at further con
ccssion in rates, rather than allow goods TO Accu
| mulate The prices current to-day, rs compares
| With wear ago, present some startling results
| Al no time within two years or more were price,
| for standard Sheetings so low a. Vt present, Al
though Cotton al one time fell 60 $50 &c, yet sheet
inrs ana not fan below 2Sc; but to-day, with Cot
ton al 44c Shcetings are selling AZ from e Z
g7i.c. One year ago standard Shce'inEs and NeA
YORK blcached Muslins sold at the came price, VI
52iec. but to-day the latter is worth 800. and IN
| former &c. We also present some other eompaF
| isous which will prove interesting: