The Dallas weekly herald. [volume] (Dallas, Tex.) 1873-1885, 1874-09-19
The BHsimcgs Prospect.
Financial Record.

The New York Independent, which
ought to be an authority in regard to
! the dry goods trade, insists that the
croakers have exaggerated the dullness
| in that branch of business. 1t says:
"The real truth is that business thus
I far has been very good, and the pros
/ poets are all flattering of its being much
better. The movement of the crops
has commenced early, and, as the
! whole business of the country, cspe-
Z cially the dry goods business, depends
upon the agricultural products Of the
west. there Is every reason for belieY-
! ing that they are so abundant as 10
| leave no room for doubt rs to the busi-
ness prosperity of the country this year.
| The regular current OF trade has been
rcsuin ii and the return of the holiday
seeking operators to their accustomed
| places OF business las commenced, and
IL very marked change has been the
result. There is nothing to encourage
the expectation of wild speculative
movement this fall, but everything to
encourage the belief i'm sound and
large amount of regular business"
a New York firm, Messrs. Dun, Bar
low &'Co., have been at the pains to
collect evidence from thier agents in
all parts of the country, and give the
result in their circular of August 81
They say that the indications for some
months have been all in favor of re-
newed activity in commercial circles.
| The Indebtedness is small, the stocks
| light, economy general and the crops
| abundant. Monetary facilities are ad-
quate, and the financial system more
settled than ever before for years.
They add:
at may be doubted if ever before in
the history of this vast continent were
there more millions of dollars worth
in the hands of producers than now.
Since the panic there has been little
opportunity for putting out of money
| into general circulation. Money, there
fore, accumulated at the great centerS,
and all the winter and spring and sum-
mer there has been plethora of
money in New York, Boston, Philadel-
phia and Baltimore, while in other
cities it has been scarce, and in almost
all country localities almost impossible
to obtain. The consequence has been
small rcmittances from country mer-
chants, equally difficult payments in
| theIr lulll from ,JObDtIS, tliNS Citu-liiS
severe strain upon the resources of i'm
porters and manufacturers. But if
ever relief was promised from any
pressure it is now; the abundance that
the earth has produced is not only GER
tainly secured but it is so universally
diilused, will need to be gathered from
SO many hands, and from such varied
sections of the country, that literal
streams of currency will be set in mo-
| ton all over the land, which ought
soon to give ease in money, and restore
business in merchandise to its normal
condition.
at will take some months to accom-
plsh all that is hoped for in this move
mcnt, for the very abundance of the
product may retard the realization.
Lower prices than have been paid for
some time may prevail, and farmers
and planters are slow to sell in de-
clining market. We have heard of
cases where suits for collection of debts
have Ueen defended for time, in the
hope of Il rise in price. But whether
it lakes weeks OF months whether The
deliveries are early OF late, the wealth
is in the country, and must be real
i2ed."