Nashville union and dispatch. [volume] (Nashville, Tenn.) 1866-1868, 1866-11-28
NASHVILLE UNION AID DISPATCH, NOYEMBERr Is Ke

/ nv oPltACACAStOAAy AOHOfCt, uaAy 5tichStA.
| ening, that there is trouble in the future, Is
tending somewhat to prodoce the thing
feared. Consumers, in the hope of buying
at lower prices when the apprehended crisis
comes, haltin their purchases. This leave
the shelves of the stores of the retailers
and jobbers loaded with goods, to carry
which, rather than reduce prices, they are
resorting to loans at banks and elsewhere,
thus increasing individual Indebtedness,
one Of the causes of greatest suffering in
past periods Of distrust. If men in trade
would act nationally, and yield to first
loss by such decline in price as would en-
able them to avoid debt and maintain their
former status as cash dealers, they would
much more certainly stave off financial
trouble. 1t is this attempt to hold up
prices by manufacturers and those holding
heavy stocks that has in it most of all the
trouble that .endangers the future. Bust
ness men, in carrying large stocks, too often
overlook the interest on their capital that
like moth, is silently eating out their sub
/, stance. $1,000 f'ftf
The Acting Comptroller of the Currency
during last week issued to National Banks
S1,1340l0 in circulating notes, making the
total cirulation of these institutions, $685.
199,069, leaving only $1,000, 93l yet to be
issued.
The imports into New York last week
show an increase both. in dry goods and
general produce; the total being over four
and half million dollars in foreign gold
value. 81 old 3.
The New York Journal of Commerce of
the oath inst, says of the trade in domes-
tic dry goods;
The trade has hung heavily another week. The
commission houses have been anxious to run off
their stock, but buyers have declined any reason
chiefly to supply the limited demand for current
distribution. The nominal quotations have not
declined as much as the market has been de-
pressed inasmueh as il is useless to reduce prices
except to meet the views of purchases. A formal
concession on dull and dropping market, when
the stagnatiOn in trade is owing TO the fact that
no one wants the goods for any purpose, would
only serve TO aggraYate the difficulty, and I'M
settle the rates without increasing the business,
The wooden manufacturers have proposed and
partially arranged for a concerted short-time
movement, commencing at once. This is ostensi-
bly, on accounted the 0Yer-stOck in this market
of many classes of wooden goods, the shortening
of the production being the best remedy against
amremunerative prices, Many lubricants, in ad-
ditiOn to this have doubtless in view, the prob
able effect Of such movement upon the legisla-
ti0n of Congress. The WOODEN interest has not
prospered as much as the cotton, and of late the
prices of all but the most desirable fabrics have
left no margin for profit. t %"
Of foreign goods the same paper says:
THE market for foreign goods shows no i'm
prOvement. Jobbers generally have full sup
as far as possible before the close Of the season.
Buyers for city retail trade make small selee
tions from particular classes of fine fabrics re-
Quired for the present demand. but no large
sales can be effected at anything like acceptable
prices MeTinoes, mousseline de LANES fancy
dress, and eOlored goods generally are lower;
celored silks of the best qualities are in less
reduced rates; black silks also show some
decline; woOlens remain dull; linen goods for
mems wear move slowly, although there Is
little more inquiry and some indications Of an
early demand. The auction sales of the week
have included nearly all descriptions of home
and foreign productions; goods that were
wanted for present sales were taken in moderate
quantities at fair prices; for others, the best
efforts to find purchasers were unsuccessful"
The following will show the receipts of
cotton at the various ports since the LIST Of
September, and the stocks on hand at the