Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1873-11-18
THE STATE OF BUSINESS.
Reports from the New England and
Middle states-The Situation I'm

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Middle States-The Situation Im
proving.
Fromthe Pittsburg Post, Nov. Is
| A number Of Eastern Journals are
exuIting over the end of the panic. the
bottom has been reached and the as
cent ON the confidence plane com.
menced. This is undoubtedly true.
unless new complications reach us
| from Europe. It is 80 In this city: a
leading iron merchant informs us that
his remittances from the West are un-
expectedly large and bis orders most
encouraging. If to-day, people who
have the money would pay their open
accounts in full, money would soon
float into the ordinary channels of
trade and hard times disappear.
From the New York Tribune, Nov. IS.
Reports from several points in the
New England and Middle States pre-
sent a favorable view of the general
condition of business. The prevailing
depression, heretofore noticed, might
be expected to affect the varied indus
tries of New England; but the manu-
features which have their seat in Rhode
Island show no signs Of suspension.
There is some contraction and little
reduction Of working force, but no Sc
rious intermission of production. In
and around Woonsocket, where there
is dense cluster of wooden and cotton
mills, there is a stout spirit of de-
termination, and the employers stand
by their people with courage.
The wood-workers of Poughkeepsie, N.
T., are also in good spirits, and the ex-
tensive factories of that region are
likely to run through the winter. with
out any considerable diminution of
force. In New Jersey, though the de-
preston has been more general than
elsewhere, there is rallying influence
among the manufacturers, and the
working people have Improving pros
poets for the winter. A letter from
Oxford, n. j., says the region of the
request Valley is prosperous, and the
END OF a.h financial difficulties is near at
harI.
from the New York American Grocer, Nov. Is.
Some of the papers have done and
are still doing their best to prolong a
feeling of uneasiness by reporting in
terviews with factory owners and work
men all over the country. They belong
TO the 81 told you so" classof croakers,
regular old Mrs. Grundys. Nothing is
palmer to any one who will take the
trouble to consider the situation than
that gradual improvement for the bet
ter is constantly taking place. Produce
is moving very freely, our exports last
week reaching about seven and a quar-
ter millions. Cotton is higher than
last week, and coming in rapidly
There is constant increase in the
amount of currency In circulation
amongst business men. If some classes
of merchandise are lower, so much for
the general good. Factories are re-
Stunning work that stopped few weeks
ago. People are growing less extraya-
CANT and more economical and saving.
In all this we see nothing about which
to have the blues. In the grocery trade
especially, matters are as prosperous as
ever. Our soap and candle and starch
manufacturers are working ahead as if
nothing unusual was the matter. Some
of our manufacturers are even enlarg-
ing their works, and preparing to do
more than they ever did before. Taking
it all In all, we feel decidedly better
and look forward to the largest and
most prosperous business during the
coming year that we have ever had In
this country.
From the New York Times, Nov. Is.
In wholesale lines down town there
was a marked improvement reported In
many branches of trade, with advancing
prices, stipulated to some extent by the
rise in gold, the more favorable course
of exchange, and the gradual working
of the money market toward renewed
ease. At the Produce Exchange values
were generally higher, Is to 25 cents
per barrel ON the low grades of flour; 3
to cents per bushel on spring wheat
and mixed western corn; 2 to cents
bushel on oats; and stronger also ON
most kinds of provisions and whisky.
The dealings were on more extern
sive scale, particularly in -four, wheat,
corn and oats for prompt delivery, and
pork and lard for forward delivery. AT
the Cotton Exchange quotations were
also advanced sharply, on a very large
business, chiefly in options for the win
ter months; but the later transactions
indicated lower range of prices under
more urgent offerings of stock. In gen.
eral merchandise a hveher movement
was reported. Copper and tobacco
were In better demand, and held more
confidently. Wool was more freely
dealt in, but at easier figures, in view
of the depression in wooden goods.
Groceries we're in more request, partic-
ularly sugars, which were quoted a
fraction dearer, influenced in part by
the exciting reports relative to the Gu
ban question, and teas, which were
steady. Ocean freights were quoted
somewhat frmer, on a moderately
active demand for accommodation. AS
a whole, the feeling in commercial cir
cles was much more cheerful, and the
outlook was deemed more promising.