The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1874-11-13
SIGNS OF A REVIVAL OF BUSINESS.
United States Economist New York), Nov. Z.

UQ1teQ STATES ECONOMIST New YORK nov. 4.
Although nearly one-half the period as
signed for the short-time movement in th,
New England cotton mills has now elapsed, il
is yet too soon to determine with the requi
site accuracy the effects of the movement or
the trade. But that the movement at the
time was a salutary one cannot be doubted
it impaired confidence to the trade, and q,
least temporarily averted the downward ten.
tency which threatened such grave results.
At the present time prices are by no means
settled, and Judging by recent developments
it is not improbable that general revision Of
the entire list may take place. But the gene
raj tone of the market is decidedly ilnproy ed,
and there is a hustle and activity apparen.
which are in marked contrast with the stagna-
ton of few weeks ago.
The improvement is still more marked in
prints aad dress goods, owing, it is probable,
to the active demand that has set in for the
retail trade the requirements for which are
likely to be much heavier than were deemed
either probable or possible short time since.
The general feeling now is that we shall have
Q Large and active winter trade, especially if
the season should chance TO be an open one.
In confirmation Of the improved tone of the
dry goods trade of this city, the news from the
manufacturing districts published IN another
part of the Ecoaamist is unexpectedly favor
able The short time movement in the cotton
trade appears to have already reached the
turning point Several mills which went on
twO-third time have resumed full work; others
are preparing to do so. Now, this move
ment is chiefly important as illustrating the
improved feeling, and is by no means on a
scale to warrant expectations OF important
changes.
OF coming activity. At Chicago, st. Louis
Lar
demand for money for business purposes. The
grain trade appears to have received new
impulse, the receipts and deliveries in Chicago
Last week reaching to something near the
figures at corresponding periods in former
years. But the chief cause OF the present ac-
tivity appears to be the requirements of the
pork trade. This will iberste very large
amount of money, which will be distributed
all over the West, in payment of hogs. The
farmers who, from. whatever cause, held back
their grain, will now be in position to re-
alize on stock, and will be in position to
settle up their old store bills and make new
purchases.
The South is harvesting her cotton crop with
activity which shows that the Granger policy
of holding back produce for higher prices has |
made very little Roadway in that part Of the |
country. The proceeds are put into immedi-
ate general circulation; and although, owing
to causes which are disgrace to our country, |
they no longer flow back in a stream of wealth |
to the North, yet the money received for the
crop is devoted to the wiping out of the indi-
vidual and local Indebtedness. Even at pres
ent prices planters receive good profit
The general outlook, then, is not unfavor-
able. It is true there is nothing particularly
bright or attractive in the immediate future,
but ut the same time there is nothing particu-
larry depressing. All our industrial interests,
without exception, are in sound condition,
and this encomium could perhaps now be
more truthfully applied to the general finances
Of the country tan at any former period in
our history.