The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1873-09-27

| street, WAS Also Cdlle0 upon. MS views were IL
most identical with those expressed by the other
gentlemen 70 the trade being iull OF confidence
and by no means scary. The chiei difficulty In the
porters in negotiating their bhs Of exchange.
Several other merchants, receivers, buyers and
one who has the reputation OF being the heaviest
operator in the trade. On learning that he was
talking to HERALD reporter he declined 70 give
his views at all, unless his name and his house
should be kept in the dark. The reporter accepted
the terms. ana the gentleman then went on to say
the nour or grain or produce business, and
that every man IN 1t was ready to
ss n1o means s asSa sese can Sns be ny
necessity Tor panic IN their midst Business is
pos on d regularly ana calmly and although ,s Elk
bills OF exchang yet there is no general din
Guilty In the way OF business greater than here
"But does
THE srRINGENCY IN THE MATTER OF CURRENCY
not effect the trade at all ~ asked the reporter.
"why should it % was the reply. "wkat do I,
what do any OF US, care about the currency What
We can cam, make use Of Is checks SIMPLY
and deplete them OF currency to pay our way
along Not az all. You can say one thing Tor Ger.
no alarm in the grain, nOur produce trade at all
and no reason why there should be-"
The Cotton Dealers.
Several Of the cotton dealers were met at the
Exchange and others in Broad and South streets
J. b. Herrick, of J. B. Herrick g. Co., expressed
himself 80 busy that he had not time to say
q word about the situation. Az he made
his way through the crowds at the Exchange,
however, he turned back and said, Everything
IL all right and everybody In good humOr not the
slightest symptom OF panic" gentleman
attached to the house Of Ketten, StanwoOd h Co,
William street, and another connected with Hentz
Co., Hanover place, were spoken to on the SUB
ject OF the eject on their trade Or rather, the cot
ton merchants generally and both laughed at the
idea OF there being the slightest danger OF the
panic extending to the cotton market. "Of COURSE"
said one OF the gentlemen. "the market has been
more or less affected by the general state Of aars
and has not quite fully recovered; but when say
that do not mean to be understood as saying that
the panic has done the market any material dam
age 1t Is true that many OF the dealers in cotton
have lost considerably by
THE DIsARRANGEMENr OF WALL STREET,
but no house, SO far as know, has been touched
effect. My candid opinion Is that this so-called
panic concerns Wall street ana banks that
and Tat te has
no reason In any OF its great ramiicatiOns to feel
that the crash will come to them soon also. II this
were so, how have the merchants all over the
country been able to stand so firm. You cannot
have failed to remark that all the failures out OF
town have been confined to brokers and bankers"
The Tobacco Merchants,
but one or two OF whom the reporter was able late
in the day to see, after his visit to the
grain dealers. -four merchants and others,
expressed themselves as In no wise alarmed
at the general situation OF affairs. The general scare.
1t is true, had shaken them up in very lively way
at first when everybody else was more or less
alarmed at the prospects Tor the future The trade,
they said, was quiet, but there nothing like o
feeling OF insecurity in the market
The Provision and Produce Dealers
met with were also just as confident as the grain
and other merchants that there was no feeling Of
alarm in their trade, and that they believed that
the panic had already spent its force. OF course
the provision merchants will save their bacon VI 1t
has