Saturday, May 26, 2012

Dry Goods


The market is dull.  The speculators in staple  goods who bought so largely some months ago are now very anxious to sell, and are distressing the market and disturbing the calculations of manufacturers and may very likely check a little the disposition to produce new goods. – The market does not respond to the pressure and the few buyers limit themselves to actual wants.

DOMESTIC GOODS. – Prints are inactive and holders are anxious to sell, yet domestic fabrics have nothing to fear from competition of foreign importations as few prints are now imported.  Old goods are however being liberated from bond and offered for sale.

Printing cloths are declining with a panic desire to force sales in presence of a better supply of the raw material.  In sheetings and shirtings there is no change.  The regular receivers are firm, but could not, nevertheless obtain current quotations if they were to press sales.  The export demand is very trifling.  In woolens there is also less doing.  Delaines do not attract much demand at present.  Jobbers are quiet.  Fancy cassimeres of desirable styles are active, both silk mixtures and wool good, but the demand is confined to these kinds.  Clothing houses are not buying much.  Western buyers and buyers from the Middle States are making a few selections, but the West holds a large quantity of inferior goods, which they want to sell.  Stocks are moderate in first hands.

FOREIGN GOODS. – The importations have increased considerably, and auction sales are now commencing.  British goods have been largely sold, though the regular trade has not fully opened.  The speculative demand is over and prices are less buoyant.  Low priced delaines are, however, in ready sale and low priced cloths are in some request.  Silks are more inquired for, especially staple kinds.  Fancy silks are dull.  Prices are steady.  There is considerable business in ribbons, and sales have been making to some extent to buyers from Boston, Philadelphia, Cincinnati and the West.

Military goods are now mostly sold for cash.  Many houses refuse to sell on any other terms. – Woolen goods are dull.  Fancy cassimeres, low priced German, Belgian and English cloths alone command a market and those of good styles. – French worsted are inactive.  The value of the goods imported last week is $1,500,000, which is an increase, though only half the amount imported in the corresponding week of last year.  Prints, linens, blankets, cotton goods, worsted, and silks are among the articles chiefly imported. – N. Y. Independent.

– Published in The Burlington Weekly Hawk-Eye, Burlington, Iowa, Saturday, March 8, 1862, p. 3

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