New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1874-04-18
TRADE PROSPECTS.
EFFECTS OF THE PANIC MOVING OFF

| DEALERS MORE CHEERfUL-
Thorough inquiries among other lines OF
trade in New-York lead to conclusions not essen
TALLY different from those reached IN the dry goods
tho clothing, and the iron trades already published
In important branches of boots and shoes
OF tobacco manufacturing OF furniture OF carriages and
! of pianos, there like dminutOn OF the volume OF
safes, like caution the part OF buyer and seller
like hesitation in undertaking large transactions tiil
firm ground is felt beneath the feet The effects OF the
crisis and OF the financial ills with which the country
has been afflicted are with greater less sharp
in these trades, according to the peculiar crcum
OF each. Although all Of them except the boot
and shoe trade less the character Of the indls
pensably useful In their productions than the four great
trades whose present position has been discussed al
ready none Of them seem TO have suffered much more
severely OF them have not been hurt much
the dry doOds business the iron trade. Rerench
men has done away with the demand for manufac-
tured tobacco for elegant carriages for fine furni
for grand pianos far interfered with sales
as to bring disaster upon many dealers In OF the
trades discussed below is the report utterly dscour
aging appears iron trade and in spite Of slow
collections and limited sales there is manifest healthy
feeling which comes from the constant caution which
| has been exercised.
| THE BOOT AND SHOE TRADE.
There is variety of statement the boot and
shoe trade large manufacturers both within and
without city, claim 10 have had satisfactory Spring
trade with large sales easy collections Other
tensve manufacturers aud Wholesale houses note fall
ing off Of 30 per cent The former class are
inclined consider their prosperity as exceptional
so there can doubt that orders from the West have
been small general and that the Southern business
has greatly cut down. There does not appear to
have been 40 much trouble about collections IN
other lines business and comparatively few failures
have been noted.
! Mr. Hall OF the leading firm OF Benedict, Hall q Co.
said that considerable depression in the boot
shoe trade though not marked as IN dry goods
! and many other trades The sales Of own firm, he
said have been little larger far this year than in
the same part of 1873 but this think is exceptional
case The Western trade has been pretty brisk. This
/ is largely due TO the presence OF many dealers
| in New-York who have not come here in pre-
ceding seasons Among the Western buyers there
| is a considerable proportion OF men who have good
deal Of ready money Yet orders less than last
season. The Southern business has been very dull.
| Mississippi Alabama, Southwestern Georgia and the
Carolinas have very few buyers, while Louisiana
has hardly been represented at ALL and the number OF
dealers from Arkansas has been much reduced. There
| has not been one-half the usual Texas trade Col
ections in the South sadly difficult There Is very
! little money there. In Western business settlements
have remarkably satisfactory In Chicago extern
sive sales have been this Many Western
merchants who proposed to reduce their orders from
| last years amounts purchased IN Chicago instead OF
NewYork Mr. Hall said in conclusion, that his house
is now busy in manufacturing for the Fall trade having
their three manufactures at HayerhIl, Milford, and
| southbridge, Mass, in full operation.
A member of the extensive firm OF W. A. Ransom
Co.. Nos 1873 and 40 Grandst estimated the falling of
in the trade this season at per cent There
was marked decrease IN Western orders well as In
the Southern trade but collections had not given much
trouble even in the South Mr. Fisher Of the firm OF
Nathaniel Fisher & Co. said that his house had found no
heavy depression in the Northern trade, but Southern
/ In
| the number OF buyers from the Western and Middle
States was lesened somewhat but there no serious
| decrease in amount of individual orders Trade Is
plainly IN favor OF the buyer In prices OF materials
and labor there much disparity with last season.
In other trades Of the dminution in |olume OF
business due 10 depreciation in values Ia the boo.
and shoe trade there little OF that depreciation.
| Manufacturers working cautiously they don't
anticipate orders much either waiting for them
| or filing existing contracts
7 O. Whltehouse OF No. % Murray-st. manufactures
largely in the main for city trade. At his office It is
atad that there has been fully % per less business
than last year. and little hope Of late trade is felt.
Prices are nearly 20 per lower than before the
crisis The same number OF hands are employed at the
same wages as before the panic The Secretary Of the
Bay state Shoe and Leather Company at No 10 Reade-
st. said that after panic trade very light, but
in January and February il about equal to that IN
the same months in 1s73 In March there was marked
decrease aud little activity is looked for before
August The reduction in the COmpaIys trade was not
notably greater than else where In particular section
OF the country but all through the West distributing
dealers gave smaller orders ana retailers Dough midy,
People inclined to economic by wearing the SHOES
longer. The Company Is now employ ingas many hahds
before the panic al the same wages anu prices nav
been little anged f. C. Burt No. 90 Thomasst, sad
that ne gave TO now as before the panic,
and the same wages. business was oackWard at
first this year and he slow to return to full activity
but ne now found trade brisk large cities and
collections prettyteasY. Barrows x BOYD manuIactureIs
i'm Tbomasst are also running briskly last year.
they nnd the Western Trade uYey, espe-
cialy in Chicago
THE TOBACCO TRADE.
The general wholesale trade in tobacco mas been con
siderably Injured both in the city aud country by the
common depression although two leading houses report
Increased sales Strong dealers make their settlements
| prompty but there are enough weak ones TO give
trouble TO some wholesale houses The Southern trade
in this as in many departments OF activity, SHOWS
most seriously the prostrauon OF trade.
c. H. Lienthal No Barclayst, declared that there
was a very large falling Off from last years business
both in the city and the country trade. Collections are
difficult and manufacturers hesitate 10 let their goods
20 out upon uncertain credits With few exceptions
the manufacturers in NewYork are discouraged anu
almost inclined TO abandon the business In March
there was slight improvement over the preceding
months but there Is little encourage In the prospect
The city trade should be very active at this tme out IL
"a NOW more than 25 per cent below that OF last season.
The country trade overstocked but collections are
80 doubtful that trade is checked
At the counting-room OF T. Lorinard co. NOE 10
and u chambersst 1t asserted that the trade OF
,hor bouse was larger than at the time in 1873.
zach month OF 1874 had shown increase over the cor
responding month The orders to the firm had
not decreased In any section OF the country all parts
sbouing a fair demand. There had been no remarkaDle
Sigrnty with their collections John &. Anderson OF
the Arm of John Anderson Co., No ia Liberty-st ne
cared that their larger than last year r0r
a time after panic there was emDarrassneht III cor
ectons and dullness in sales Now there IL great I'M
roTement Collections are fairly and there IL
brtsk demand from the Eastern Middle, and western