The New York herald., 1869-01-07
THE DRY GOODS MARKET.

The past week has developed no new phases In
this branch OF trade, and the state of afairs II no
BETTER Is certainly worse at the present writing
than It was week ago. Indeed, there Is an i'm
provement in feeling, as apprehenslons OF further
trouble in the way Of failures have passed away
win the old year. though 1t s not improbable that
other failures will occur next month should the DIM
culties incident to tight money market be extend ed
to that time. since the tremendous losses sustained
through the long, or six months credit occasoned
by the late war, cotton fabrics have for
the most part been sold on four months credit;
purchased curing the last part Of Augustine COM
mencement Of the fall seas0nfall due In February,
as I WAS demonstrated last week During last season
quite large quantity OF goods was disposed OF on
SIX months credit. and these bills win mainly fall due
failures at that time. We learn that no
uncomfortable proportion OF the dinlcultes
grown out OF the endorsement OF notes for certain
firms by others. This affords striking Illustration
OF the truth that II Is far better TO do small safe
business than large but precari0us one. The habit
OF endorsing notes is one Of the most pernicous In
the commercial calling and brings more evils in Its
man should return an emphatic no to Svefy sucn re-
quest, no matter from what source. II Is seldom
quite safe to endorse any FIRMS notes which Will not
pass current without endorsement, and for those
which do II viii not be desired.
Business has been light this week, but nearly all
OF the wei Known ana luNOTlte makes nave Tulcu
very frm and held higher, IN sympathy with the
market for cotton, which has been buoyant under
very favorable news from Europe. The leading
as well as other fabrics. have been advanced
man manufacturer agents and BY the iobocrs' and
summated, mainly speculative. The moderate
supplies OF many assortments and the buoyancy in
cotton have induced the belief that prices will be
higher rather than lower IN the future, and pur-
chascrs have accordingly taken bold with more
freedom. and the new year begins with better
market In nearly every sense than we have had for
some time. The ma marked ned, advance " ~ In cotton has has
light stocks are also favorable TO holders
OF manufactures so that there would seem 10 lie
every probability that prices ssws. wll rule higher
severe pressure which has been felt for month
past which has resulted In some important failures
aud which has threatened unaer similar circum-
next month. The reaction IN cotton and cotton
goods has thus proved most opporiune. W Will un-
doIcea ooyae some % ss rea,enea e. sar troubles
Thc market is still irregular. but we revise our
prices OF the leading goods far can DO asccr-
talncd. In some cases they are nominal.
Wooden goods remain without decided change.
me demand nas been moderate. CoTrsc esrpetiugs
remain steady.
Imported fabrics remain qulct and we learn OF no
caoge y ps " ss cases esDcoa
Judging tho future by the past, we should say there
Is but little foundation for the nope.
The Providence printing cloth market last week
was lrm, with stock OF not 30 600 pieces gray
goods The sales were $4,000 pieces, exclusive Of
some goods sold speculation FOR January, Fcbru-
AIRY and March delivery including @ Sexoo at .'hc.
Fan River the market was quiet and nr, with sales
OF 10. 600 pieces, s4x04. at &C.
We annex the currcnt quotations for tho leading