Spirit of the age. [volume] (Woodstock, Vt.) 1845-1913, 1873-09-18
The Business Outlook.

unusually large Fall business in all
branches of trade is received from
every quarter, feeling of buoyancy
springs up which even the determined
effort in Wall street to carry up gold
has not had the effect to repress. The
accounts From New York state that a
remarkably heavy trade has begun
with the first week of the opening
season, and that in domestic produce
we have just entered on business
that has had no PARALLEL since 1865.
Exports are increasing and imports
diminishing, showing relatively a
steady gain in the balance of trade in
our favor. This improving condition
Of our foreign trade tends to benefit
exchange directly, and general con-
fidence is CORRESPONDENCE increased.
The conservative course pursued by
the mercantile class for the past year
has helped wonderfully to perfect the
preparations for what we now witness,
its influence being visibly felt on the
New York banks in their conduct to-
wards the gold clique that has for
several weeks past been attempting Il
desperate raid on the interests of bust
ness at critical season of the year.
The gold corner has proved flat fail
ure, and it is not likely to be renewed
very soon as an experiment. If the
banks will only consult their perma
nent interests and stand faithfully by
the business community rather than
the gambling fraternity of Wall street,
it will become practically impossible
to repeat such mischief as the latter
class have recklessly made for legiti-
mate trade of late years, and the mer-
chants will be able to pilot their way
through the perils ola redundant cur
rency, inflated and uncertain prices,
sudden fluctuations IN value, and ex-
cessiye importations from Europe,
with good hope of getting the upper
hand of what has so long held their
enterprise almost wholly at it's mercy
The basis of the business situation is
mexceptionally sound. The crops
are abundant, cotton especially fur
nishing a foundation for sure cal cua.
tons respecting the immediate future.
As it is upon that important staple
that the ease Of our foreign exchanges
turns, it is extremely interesting to
know that the product this year is
large one, and fully capable of perform
ing its customary offices. Although
it is hastily inferred, too, that the
of our national and corpora
lion bonds abroad is a drain upon the
country's resources, it is to be consid-
cred in connection with the fact of
such shipment that the interest is turn
ed in again to enterprises moung our
own people, which earns IN increasing
ratio ofprofit as it goes. And thus
what seems to be drain flows back
upon lis as a strengthening tide, the
foreign holders of American securities
preferring to spend much of their pro-
,eeds where they will again yield a
return. These are the pecul- |
ar considerations that are to be allow
I'd room for in financial and business
estimate of the country. The exports |
If Boston show arapid increase, SEEM
nc to await the multiplication of fac.
lities alone to insure their almost in
definite expansion. The early open
nc of a new railway route to the
West will make vast difference in
he volume of those exports. Open
ngs to the interior are the one great
lesideratum for Boston. Ocean
steamship lines will come soon enough
afterwards. AS soon as the treights
ire laid down on the wharves, there
will be plenty of vessels to load
hem. Our merchants of every grade
ire manifesting great activity in their
operations, and their invitations to
.rade promise to receive prompt and
extended reply. Though it is less
han year since the great catastrophe
overlook the commercial community,
he renewal that has already taken
place is so wonderful as to excite uni
iersal comment, and stands out the
i've promise of noble future for the
,ity. With the stimulating influences
Of revival CT business the territorial
of Boston is to continue as
it has begun, and that annexation
which the Commission has recently
reported upon with favor is likely to
AXE place forthwith. The revival of
business may be taken as the prelude
% a grand future whose real dimen-