Nashville union and dispatch. [volume] (Nashville, Tenn.) 1866-1868, 1866-12-20


coffee, sugar, molssses, and rice Early in
the week there vas large business done in
hides and leather. In the past three days
the trade , have taken about 10000 bbls.
Of aour, and would probably have taken
more but for the speculative advance that
has taken place. articles that can posi-
bly, lie dispensed with do not show so much
activity.
The point we would make is, that
prices of leading staples have been very
dull long time; stocks in the hands Of
dealers are small; prices Of goods have de-
clined relatively more than gold; conse-
quently, if gold should decline in January
to $50 under the payments from the United
States Treasury, no further decline in mer-
ehaRdize need beexpected There is much
more likelihood Of material rise, if gold
remains steady. Dealers and manufactu-
rers have been holding Off for prices
to touch bottom There are abundant
indications that We are on hard pan for
the next six months business, and return
ing confidence and activity, of which we
have noticed the daWning may be expected |
to be developed in all branches of trade"
The New York Journal Of Commerce of |
the 18th inst, SAYS of domestic dry goods: |
The trade Is itfui. and prices irregular. In low
woOiens there Is feeling that the bottom has /
been touched; and some disPastioni is manifested /
70 Low hE-z f.a For r4vr
OF plain wOOlens have sold little more freely al
! concession. Holders of fancy eaSimers feel a |
little more encouraged, although we can see very /
little improvement. In cotton goods there Is /
very little Improvement Standard heavy brown /
shsetlngS are firm and to certain extent Sala-
bic all Others are quiet Bleeched goods are 1
lower tor actual sales, some agents having made /
a considerable concession to dispose Of aeeumu- l
lated stock: others are held at old prices bat /
without much business. 1t IS evident that the !
year just closing will have very little to mark Il
goods. IL has been toll. diSquiet and uneer-
tainty with no important returns of gain tOcOun-
ter balance the wear and tear Of these heavy |
auKletleS. No severe losses have resulted as yet /
from the prOfusiOn o. credit and dealers are /
new hopeful that the worst of the years history
Is known, and that barren profit and loss ac-
counts will be the only misfortune. As long as
capital Is intact, and jObbers are left in a good
condition 70 meet the activity when it comes a
year like this IS not an irrepaTable misfortune.
The market for heavy brown cOttOus has been |
moderately active during the eurrent week. |
The demand from the home trade is limited, bat
there Is more doing for export. The stock Of
standard sheetingS in FIRST hands is comparative |
" small and firmly held at quoted rates. Fine |
good are less active, and offered at some conees-
sion.
aPriees of bleeched goods sr= quite unsettled. |
Some manufacturers who are anxious to run OF
their stock have reduced prices from four to FIVE
cents per yard, and important sales of few
popular makes have been effected at this Feduc-
ton; others. although willing to make some
concession, are not prepared to submit 10 50
large decline and therefore make no change in
nominal quotations which in such cases do not
fairly represent the market. The current demand
is small as is usual at this season, and forced
safes can only be made at loR figures.
OF foreign goods the same paper says:
The market for foreign goods remains dull /:
there is some inquiry forspeeialites suited to the
approaching holidays, but there is no generalde-
mand and little prospect Of improvement until
the opening of next seasons business. The aue- |
ton sales of the week have been comparatively
small; the offerings consisted mostly of irregular
lots to close invoices and prices ruled low.