The New York herald., 1873-09-01

ready b8les ana q large consumption, anu nis TO
| turns are prompt and sure. Give him reasonable
rates OF transportation for his produce, and good
harvests, and business il sure to be brisk. Hlgh
barrass the farmer, but think, the whole, that
ms prospects In this regard are brghteninR. Win
| ready and reasonable means OF transportation to
the seao0ard, consumption and expectation are
both accelerated, and the result Is rapid handling
OF money and lair profit Take, for example
that corn was put here IN New York 1t nstted
THE FARMER IN ILLINOIS .
nearly nine cents bushel Nine cents busneIi
Just think OF that for return. When transpOrta-
ton was excessive farmers fed their corn to cattle
anG noes ana very large proportion OF came h 10 10
stimulated to plant st more extensively, TO ralse
larger dreves OF cattle and hogs, and, with rea,
sonabie or cheap rates OF transportation, he VIII
Are the Western oranges going to have any
awell, have not thoroughly considered that
question yetnot sufficiently to enable me to give
an opinion. ! don't think they will, however, be-
yond the degree In which they are successful IN re-
ducing transportation, which seems to be one OF
their objective points,"
HERALD's Washington correspondence few
weeks since, In which of the officers Of the Ma
tonal Grange stated 1t to be one OF the
OBJECTS OF THE ORANGES
70 associate themselves for purchase direct rom
the manufacturers and wholesale dealers. VIII
II don't think so. DON'T believe in these CO.
operative movements. l don't think they aug
ment trade or increase consumption. There IL
something narrOw-mnded in the principle, on
par with the mistaken policy Of labor organiza-
lions"
.'It naturally suggests the idea, then that it Is
denying to wOrkIngmen and small dealers the
means Of livelihood which the coeperators them
selves are SO clamOrOus TO secure-tO take away
the means OF subsistence from the dealer who
stands between them and the manufacturer or
wholesaler 2n
"Yes They want fair rates for their labor or
products and reach out to supply their own wants
at less than propornonately fair rates"
"ls tAere any sign OF what you would term O
really heavy fall busnessY'
mo, not heavy but all the indications are
that II Will be
FAIR TO GOOD FALL.
There Is nothing everish or speculative in 1t. Buy
ers seem to be putting in full selling stocks, and no
more. There Is no tendency TO anticipate q mar
ket-a caution which, think, is mainly due to Wall
street and the national monetary schemes and
is possible think dealers will be apt to act eau
tOusy, as they can never tell when 'cOrnering'
Clique may make money tight, Notwithstanding the
fact that there are no reasons why the market should
not be easy. These men may unsettle the currents
OF trade, as they have done before, and think
dealers have learned that lesson SO that they are
inclined to guard against 1t. they don't want to
find themselves with heavy stocks on hand and no
money about"
''DOes that feeling apply to the trade generally ?"
'It does geneT0UN though there are some lines
In which there is tendency to heavy investment.
These instances, however, are controlled by the
fact that the markets In these lines are very low,
and there can be no reasonable expectation that
prices will abate from the low figures they have al
ready reached shall have to introduce you to
some OF our heads or departments, however, for
you TO get at these points,"
"ARE THE SOUTHERN TRADE PROSPECTS
this fall as good as they have ordinarily been since
the war, Mr.: LIBBY" asked the reporter.
eyes, think they are better than they have
been at any time since the close OF the war; The
South is evidently recovering herself, and If She
dustry, and allowed to reap the full advantage OF
her efforts to restore her lost resources, her re-
covery would be much more rapid, II she could rub
of the suckers which have fastened themselves to
her, and are drawing so much OF her financial
blood out OF her, and, IN measure, weakening the
force OF her Efforts"
''Is the Southern demand on our markets equal
now to what it was before the war; ask this in
consideration OF the possibility that the extended
FREE AGENCY OF INDIVIDUALS
may have led to u greater consumption" resumed
the reporter.
"The statistics will readily show yOu that,r
responded Mr. Libby; "thOugh an not statistically
posted on that question:
swell, so far as your Impressions, your mercan-
tile pulse informs you, what is your opinlonY''
81 feel. quite certain that 1t at least equals the
trade we mad with them a. before ,. the war and
certain lines know the trade Is augmented, but
OF course there is great difference in the relative
proportions of certain classes oil goods demanded
by them. Formerly the Southern line Of goods en-
braced the richest and most costly fabrlcs which
ize and their wealth enabled them TO procure.
Then, too there was heavy demand among them
aa,rS Sb has haWeyer of nnder9one reyolut,on
The moneyed classes were in y great degree i'm
poverished and compelled to hnit the indulgence
OF their tastes. On the other hand
THE NEGRO DEMANDS
a better line OF goods than his master formerly az
forded him. Those were the days OF denims and
tickings and jeans but the negro Is now on
higher plane and his requirements are more ex-
tended and advanced. He Is fond Of initiating the
tastes and foibles OF the superior race, and as
rule the earliest OutgrOwth OF this development IN
him is the desire ~ dress well. He will spend all
he can, or does earn, 1or snowy clothes-he Will
even get trusted as far as his credit GoHs even 1t
puts him 70 The peeesaitJ :. stealing chicken for
dinner. The negro must work now to live at all,
and his vanity as well as his ambition, so far as he
has any, prompts him to work. so that he may ac-
quire. on the whole, therefore, ofrsetting the In
creased demand Of the one class against the
restricted patronage OF the other, l think the
CONSUMPTION OF OUR PRODUCTS
Is slightly in excess IN aggregate value value, Of NV what
feel her commercial strength again, and then the
trade will be very large indeed Fortunately, too,
from the prostration OF the war, she has been IA
vOred with good crops OF her great staple-cotton.
For four or nve years the Yields nave been very pro-
the crop is very fine; last year 1t was very good,
and the year before, and the year before that.
Prices too, have ruled air and taking II al In all
she has been fortunate ana will profit by it. feel
therefore quite satisfied with the general indica-
cations Of the fall season. But If you will step out
here with me will put You in charge OF some OF the
gentlemen controlling departments who come IN
personal contact with the buyers and they can give
Mr.. Libby then introduced the reporter to Mr..
Holman, and the latter gentleman companied
him through the various departments.
In the dress goods department the superintend-
ent, Mr.. Kingman, stated that he had seldom, II
ever, known
A BETTER OPENING
for the season. The demand was chiefly for wool
material, OF course, OF plain coors and tints, and
the western and Southwestern buyers had been
already so active that they had substantially
drained the market of that class OF goods. The
nearby and Eastern trade was not Yet supplied
and would have to go without, as there was no
time now for manufacturers to oil orders. On the
whole the prospect was all that could be desired
Mr.. Holman explained that IN the line OF nannels
and blankets the trade was never in his experience
more promising owing In q very great measure
| to the fact that
PRICES WERE RULING LOW
The various grades OF wool rated from twenty TO
forty per cent lower than they did at this time
| last year. and the result was that the demand
would be large while the goods were so cheap, and
buyers felt no misgvngs about being able to clear
out their stocks without loss. In silks the trade
| was not so bright-a condition which was, doubt
less, Influenced by the fact that large proportion
| OF the silk wearing community has not yet re-
turned from the summer resorts, and that
so large number IN excess Of tine usual
| quota has been drawn TO Europe 10y
| the attraction OF the Vienna Exposition and the
Il