Daily union and American. [volume] (Nashville, Tenn.) 1865-1866, 1866-03-15
New York Dry Goods Market.

FRIDAY EVENING, March y, 1866.
The market throughout continues in Il very
weak and unsettled condition, In the cotton
duced quotations. Prices, indeed, are now, with
a few exceptions, about ut the rate demanded by
buyers the indispensable condition TO their lay
ing in stocks but no improvement in buying has
resulted from the additional concessions. AS IN
most cases, concession among sellers has increased
caution among buyers. Although buyers scarcely
complain that prices are now unduly hlgh. as
compared with the cost of goods, yet they do not
fsel confident that there will be no further decline
ere they can sell their stocks and therefore ope-
rate with the greatest caution, only supplying
themselves from hand 20 mouth.
Standard Eastern Sheetings are now selling at
2ja26e.; Prints are la2l4c lower; heavy eoiored
goods have declined 21aa5c.; and yet, with this re-
duction buyers are less disposed to purchase than
a week ago. We are evidently on the eve OF Sc
we're crisis in the cotton goods market, and II IS
impossible to forecast the issue.
The trade in woOlenS continues much depressed
from the causes indicated in our last report. Inc
market is largely overstoeked, ana upon large
amounts of goods il is Impossible TO reallze cost
some OF the manufacturers contemplate suspend
production six or eight weeks, and movement Is
afoot for a general combination OF nill,owners LOT
that porpose. The step would undoubtedly De
prudent one With the present high wages aver
aging 30 per cent. in gold above those current IN
1860 il is impossible TO produce goods IN eompeu-
tion with foreign manufacturers. IL Is therefore
an INDISPENSABLE condition TO manufacturing that
wages should be very materially reduced ana
that result cannot be effected otherwise than by q
SUSPENSION
squarely met the better for all parties concerned.
Ii would be perilous for manufacturers 10 COM
menee producing for the fall trade upon the ex,
iyting basis: for with the present high rate OF
wages they could be largely undersold by import
ers and would inevitably make serious loss up
on their seasons production -
The low prices at when ioIelgn No na,. a ~,
the value Of domestic goods. Bradford and Saxony
dress goods, of the lower grades. came INTO com
petition with prints; and IN WOODEN goods; the
Il
illustration of the manner IN which domestic man
ufaetures are undersod il may be stated that
Horroek's long cloths, N tne grades, are retail
sold BY manufacturers at Soc. although the Man
chester grade is fully 30 per cent better IN respect
| Of real value.
COTTON GOODS.
| ppowx SurFTrNGs AND SHIRTINGs.-The en-
| ouiry has continued very moderate for the season
and prices have again declined full yale; pei
| ward if not more on all standard sheeungs which
are now selling fully lie. per yard below cost q
| production. Medium and light goods are N
better request in part for bleaching, and command
/ mere satisfactory prices. The prospect now Is
| that many Of the mills making heavy sheetlng'
| will change their machinery on TO lighter goods
| and unless that cotton should suffer further de
| cline n reaction in the present prices OF heaVN
sheetings may be looked for. Atlantic sheet
ings are selling at 2Oc. but tins Is fancy prlce
There Is no other sheeting IN the market that Wi
| bring over DC. at most, while the great bulk o
Hasteru makes can be bought nj 22a2o1se.; ant
/
| pRINTs.-The print market has become great.
J demorAlized and depressed. Prices have agaii
declined for most OF the leading makes, and !
| would new seem rs If low-water mark had hnall,
| been reached but il appears that the greater tn
| concessions yielded. the more buyers become
timid and accustomed 70 demand still greater re
ductions. There has been increased activity a
the concessions yielded from day TO day, II is true
but still these concessions have been made II
such q manner. both among jobbers and printers
as TO cause distrust and disturb prices.
| ~ have
| during the past few weeks. have done best. Som
| of the printers have reduced prices twice, Will
others have been contemplating about making
reduction at all, although Il became evidently ap
parent by the general stagnation in trade. tina
the prices Of the best prints would have to be re
! duced so that retailers could job them at a quar-
| ter dollar per yard throughout the country, an
| make n profit The year opened with very poo
| hope of eIecting this object. Grey cloths wer
| then selling az l9iaa2Oc for what passes as
! square, yards TO the pound, but, notwithstand
ing this high price. we behold with as;onishmen
that the cloths weigh nearer eight yards tina
seven. until finally our American prints suite
fcarfully in comparison with those Of former day
except in freshness Of style.
We may boast please about America
| prints like American cotton. being the best an
cheapest in the world at the price, but our boast
J ing IS vain. The Merrimack prints of to-day wi
| not COMPARE with those Of by-gone years, af
] | will the Cocheco or the HamiltOn--ihree elasss
} | Of prints well and tayorally Known TO ever
| honsekeeper in the land before n Pacific mill ~
l ever built. But take a second class Merrimac
print, or COeheco. now. and neither viii a.
| proach in weight the regular standard. The n
B cihe. though not 80 good as they may be. ire be
0 An the concessions the trade demanded wee
0 or two since, IN the price Of prints, have bee
; | yielded, and more too. Sprague prints have tina
!. ly been reduced 20 2Qse regular, or &c OF an
this brings the price down 70 rate below whit
: no good prints can be made at the present ia
The American are down TO 1S1Sc, &C of, an
: Riehmonds have dropped to lsc net.