The New York herald., 1873-11-04
THE FEELING IN BALTIMORE.
Decided Improvement and Confidence
Renewed-No Distress Yet, and the
Outlook Favorable.

A Decided Improvement and Confidence
Renewed-No Distress ms Yet, and the
Outlook Favorable.
BALTIMORE, Nov. 8. 1873.
The feeling in financial, commercial and manufac-
turing circles to-day Is q decided improvement
upon that which prevailed at the close OF the week.
The renewal of confidence Is greatly stimulated by
the fact that the banks agreeaby disappointed gen.
eral expectations by paying out currency literally
on Saturday to employers, and the distribution Of
nearly quarter Of a million Of dollars through
the channel of payments to workingmen and other
employees infused fresh vgor in all branches
oftrade. The city has met with trouble in raising
money for its current needs, but the Farmers and
Planters and Mechanics Banks came to its assist
ance on Saturday with funds to pay school teach
ers, police and other city employees, and also to
meet the interest on the city debt The limitation
OF issue OF Clearing House certificates expired on
Saturday but the associated banks resolved TO ex-
tend it until January l, and at their meeting 1t was
understood that they would combine their re-
sources for relief OF any weak bank, although no
resolution TO that effect was passed. Under
the improved condition Of affairs Knabe's piano
factory has resumed work and the other factories
are looking TO an early resumption.
THE DOMESTIC DRY GOODS TRADE
continues irm sand the wholesale houses report
that the demand although slack for the present,
is expected to increase during the next thirty days
their stock but are putting down the prices OF
goods for home consumption. There are eighteen
cotton mills in Maryland, employing 5000 hands,
and all OF them are running on lul time and with
their entire force except the LAUREL which has
shut down on account OF the financial troubles.
Hooper Sons who, have five mills In the vicinity
OF Baltimore and employ 1000 hands. are the
largest manufacturers OF cotton duck In the
country, and state that the demand from all points
is pressing their productive capacity to the utmost,
the opening OF this week having brought In un-
expectedly large orders. Woodward 4 Baldwin,
principal jobbers OF domestic dry goods In the
| city ana for the Southern trade, give
ENCOURAGING VIEWS
and say that there is as yet no falling OF in the de-
mand except for q lew minor lines OF goods.
| Favorable reports also come from the iron trade.
Abbott's mills are running 1000 hands on plate
and rails. and have orders keen them busy up TO
| January. Trego Thompson and Coats 4 Bros.
are also busy. with no anticipation OF trouble. Un-
der the effect OF Difficulty IN negotiating excnange
the distribution offoregn importations Is slack,
| cept in the coffee trade, which is very brisk and
| firm. The principal complaint against banks
/ away, and associated banks adhere TO the policy
OF firmly refusing all demands for money to 90 out
I OF the State. Threats OF applications In bank
1 ruptcy by spectators refused in this particular
i have been freely made, but
1 THE GENERAL SENTIMENT
fs so strongly IN favor OF banks that t Is not be-
i lieved such measures VIII be taken. The liberal
/ action OF the banks on Saturday relieved appre-
| tensions felt among the employed classes who
cannot be said to have yet met with any real suf-
! fering. There is a widespread apprehension OF
| hard times during the winter among the poor; but
brighter than at any time since the CONNIE nce-
ment OF the panic. The workingmen OF Baltimore
are generally provident; but their savings instead
| OF going into savings banks, are largely thrown
into building associations, and II there should be
heavy run upon these there would be great dis
tress, because OF their inability pay deposits so
far, however, there has been no pressure on them
but they are contracting their operations, the
result OF which Is 10 cause perceptible
WEAKNESS IN TIE REAL ESTATE BUSINESS.
me issue OF building permits for October is
nearly 100 less than or the same month last year,
| and bricklayers, masons ana carpenters are suf-
fering proportionatcly; these, together with the
oyster packing business, are the only departments
| OF trade and labor which have gloomy prospect
before them. The packing Eouses are restricted
at present, but they look TO a revival OF the trade
soon and anticipate brisk business before Christ
mas. There has been
NO MERCANTILE FAILURE IN BALTIMORE,
Notwithstanding that Its business Is keenly sens-
tive TO New York fluctuations Exchange on New
York was plentiful to-day at nominal figures and
there was not great deal OF trouble In obtaining
II for immediate use. Cotton breadstutfs and pro-
visions are coming freely forward for exportafion
but the demand Tor home consumption Ia slight