The Pickens sentinel. [volume] (Pickens, S.C.) 1871-1903, 1875-10-14
Business Prospects,

NV uhSa'lolaCloi y III pIOltS, were res
ported by prominent merchants in
the leading departments of business
in New York, in answer to inquiries
made by Tribune reporters yesterday.
According to the statements given
below, while prices have been low
cred somewhat, there is feeling of
greater confidence, and The general
belief that business is now conducted
with prudence, and is more generally
sound than heretofore, gives the
wholesale dealers ground for oncour
aScmcnt. In several lines of trade
sales tor cash or on very short cred,
It's are represented as coming into
lavor but there appears to be no ap
prchension felt of many failures in
the near future Tho West and South
are stated to be absor bng large
quantities of dry goods and other ar
ticles, although buyers arc careful
not to lay in excessive stocks. The
crops in those parts of tho country,
it is asserted, arc so abundant as. to
give New York merchants good
hopes of activity in business during
the winter. Wholesale dealers in
dry goods, clothing, boots and shoes,
grocer elies and metal, express conf,
dent anticipations Of sales of fair ex-
tent with reasonable returns. Ship.
pers of grain and provisions state that
they look upon the check to ship
ments to England as temporary.
Information was obtained by Iris
buno reporters yesterday at the off
ccs Of the principal freight lines from
this city which tended to confirm the
statements of Now York merchants
as to the large extent of the Fall trade
with the West and South. A gentle
man convcrsant with the carrying
business OF the three great trunk lines
to tho West, estimated that their
westward bound Tonnage for 1874
amounted in the aggregate to 100000
tous, while the westward tonnage for
the present year would approximate
100000 tons. This has consisted
largely of dry goods and other man.
niac;nrcd goods and implements.
The increase in shipments to New
York City from the Wost and the
South he estimated to be 10 per cent.
larger. In 1914 cstward bound
freight amounted to about 100000
tons, while this year he thought it
would approximate to 950,00O tons.
Another freight agent of large eXpe.
rience, who looks upon the increase
of business in the metropolis as sure
indication of healthy revival OF
trade throughout the country, gave
it as his opinion that the country
was entering upon the first Of the
best five years of business it had ever
seen. Freight agents agreed in sry.
ing that Fall trade had not been
stimulated to any marked degree by
tho recent low rates to The West.
Western merchants, as n general
thing, had only purchased what their
immediate trade demanded.
William ii VandorbiIt, Thos. a.
Scott and Hugh j. Jewett, represent,
ing the New York Central, Pcnnysl.
vana and Erie Railroads, met at the
st. Nicholas Hotel on Thursday, for
the purpose of fixing uniform rates
to the West. They decided that the
old rates were ruinons, and made a
new schedule on the basis of so
cents hundred on first class rcights
to Chicago. a circular was drawn
up, signcd by the Presidents Of the
three roads, and sent 10 the officers
of their respective companies, giving
orders that until further notice no
contract be made or renewed or ex-
tended with shippers, and that nc
time whatever be given ON the new
rates, which arc to apply only to sim
glo invoices. The Baltimore and
Ohio Road, it ie understood, i;
bonMd to these rates by It's Anree.