The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1874-09-12
The business Prospect.
LFInnnelnl Reeordl


The New York Independent, which
ought TO be an authority In regard Ia
the dry goods trade, Insists that the
croukcrs have eXnggerat ID the dizziness
In that branch Of business. II says:
"rhc real truth ~ that business thus
far has been very good, aud the pros
poets are I'LL llattering of It's being much
better The movement of the crops
has commenced early, and, as the
whole business Of the country, espe.
Cially the dry goods hu9iness, depends
upon the agricultural products OF the
west, there IL every reason for beliey'
ing that they are so abundant as tc
leave no room for doubt rs TO the bust
ness prosperity of the country this year
The regular current of trade has been
resumed and the return Of the holiday
seeking operators to their accustomed
places of business has commenced, and
IL very marked change has been the
result. There is nothing to encourage
the expectation of n wild speculative
movement this fall, but everything to
encourage tho belief In n 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
Nil parts of the country, and give the
result in their circular Of August u.
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 adj
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.
9Ince 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 n plethora OF
money in New York, Boston, Philadel'
phia and Baltimore, while IN other
cities it has been scarce, and III almost
all country localities almost impossible
to obtain The consequence has been
small remittances from country mer-
chants, equally difficult payments IN
their turn from jobbers, thus causing a
severe strain upon the resources of inn
porters and manufacturers. But i
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
difiused, 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-
plish all that is hoped for in this move
ment, for the very abundance of the
product may retard the realization
Lower prices than have been paid fol
some time may prevail, and farmers
and planters are slow to sell in n de
clining market. We have heard o.
cases where suits for collection of debts
have been defended for time, in the
hope of rise in price. But whether
it takes weeks or months, whether tht
deliveries are early or late, the wealth
is in the country, and must be rear
ized.n