The Newberry herald. [volume] (Newberry, S.C.) 1865-1884, 1874-09-16
The Business Prospect.

The sXe4 York Mdtp'pdrst. w!iic'
ought 20 be an authority in regard /;
the 1ry goods trade, insists tha
thc croakers have exaggerated tn
duiluess in the branch business Il
says: -.
The real trnth is that business thus
tar has been very good, and the pros.
poets are all fatseiins of its bein:
much better. The movement Of th.
crops has commenced early. and, a>
the whole business Of the country
more especially tie dry goods business
depends upon the agricultural pro.
ducts OF the West, there is every rea-
son for believing that they are so
abundant as to leave no room for doubt
as to the business prosperity Of the
country this Year. The regular cur,
rent of trade has been resumed and
the return Of the holiday-seckiue
operators to their accustomed places
of business has commenced. and a
very marked change has been the re-
suit. There is nothing to encourage
the belief in a sound and large amount,
Of regular business.
\ New York irm, Mcssrs. Dun,
Barlow Il Co., have been at the pains
to collect evidence FROM their agents
IN all parts Of the country, and give
the result in their circular Of Angus:
q. They say that the indications
for some months have been all in ia
vor of renewed activity in commercial
circles. The Indebtedness is small.
the stocks light, economy general, and
the crops abundant. Monetary facill-
ties are adequate, and the financial
system more settled than ever before
for years. They AIDED:
1t may be doubted if ever before in
the history of this vast contiueut there
sere more millions of dollars wortll
in the hands of producers than now,
Since the paoic there has been little
opportunity for the putting out Of
laoueyinto general circulation. Money
s:lerefore, accumulated at the great
certers, aud all the winter aud spring
and summer there has been a plethora
af money in New York, Boston, Phila,
ielphia and Baltimore, while in other
cities it has been scarce, and in al
r;ost all country localities almost iul'
possible to obtain. The consequence
has been small rcmittarces from coun'
try merchants, equally difficult pay.
mcuts in their ;uru from jobbsrS, thus
causing severe strain upon the re.
sources Of Importers and nanufsc
surcrs. But if ever relief was pro
missed from any pressure it is now;
tie abundance that the earth has pro
,lucca is not certainly secured, but i,
Is 50 universally dijused, will need tt
be gathered from so many hands, and
from such varied sections Of the
country, that literal streams Of cur
fency will be set in motion all ovel
the land, which ought soon to give
=sse ia m0uey, and restore business III
merchandise to its normal condition
1t will take some months to accom-.
s.!;Sh Ill that is hoped for in this move
a;en,, for the very abundance of the
product may rctard the realization
Lowe: prices team have been paid for
some time may prevail, and farmers and
pi.yters are slow to sell in declining
market. We have Eeard of cases
where suits for collection of debts
have been defended for time. in the
hope Of a rise in price. But whether
it takes weeks, or mouths: whether
she deliveries are early or late, the
wealth. is in the country, and must be
r"slizcd.-Financi0l Rec9rd.