The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1875-03-31
BALTIMORE.


VARIOUS OPINIONS ON THE BUSINESS FUTURE
PROSPECTS OF THE DIFFERENT TRADES
GROWTH OF THE COFFEE IMPORTATION.
BALTIMORE March ~, 1875.
For the purpose Of ascer tanning the business
prospects OF the city OF Baltimore during the
coming season your CORE spondent spent yester-
day and to-day in seeking the views OF the leading
merchants bankers and business men. The out
look, upon the whole, is favorable, will be
from the interviews given below; but there were
many who did not entertain sanQune expecra-
lions. All seemed to agree that. whatever might
be the state OF the spring trade, there was q
healthy tone among the merchants and business
men, which indicated that there would be no
failures OF any moment Many whose names are
not mentioned below were visited. The EFFORT
has been to give the names and opinions Of those
who are thoroughly representative mon and who
are the acknowledged leaders In their respective
branches Of business.
VIEWS OF BANKERS.
The President Of the National Mechanics Bank
spoke most cheeringly Of the business prospects.
The depositors in this bank, as tho name would
indicate, embrace the leading manufacturers;
but the heaviest depositors are the copper and
sugar merchants. The President said that the
deposits were unusually large Tor this season OF
the year from Oil branches OF industry. Drafts
were also larger and notes were met promptly.
He thought there were too many disposed to give
gloomy picture. Trade had been kept back in
consequence OF the ice blockade; but rom the
evidence before him he thought there would DO .
steady increase Of the business Of the city.
The cashier OF the Merchants National Bank,
which has the largest capital OF any bank In Bati.
more, informed your correspondent that the pros.
poets OF revival OF business did not appear so
good now as a few weeks ago. There were other
banks which had larger amounts on deposit, but
this bank preferred the safe and conservative
method or doing business, and 1t was from ON
acquaint ance with their customers that he formed
his opinion.
The depositors OF the First National Bank are
mainly those engaged in the tobacco and cotton
trade The cashier said that II was rather too
to venture an opinion. The Ice blockade had seri.
ously interiered with or retarded TRACE, which
would have peen felt In the most prosperous days.
All he could say was that the merchants were
hopeful, and from present indications there was
no ground Tor believing there would not DO gen.
eral revival OF business in all its branches.
A HOPEFUL PROSPECT.
The banking house OF McKim e. Co. was next
visited. The elder member OF the nrm does not
share the opinion that there will be permanent
revival OF business rhis spring, and In this he is
sustained by q large number OF the old bankers
and merchants. The junior member, however,
was confident that with the full resumption OF
navigation there would be sound revival OF con-
ndence in all branches OF business. His opinion
was that " hen the large quantities OF wheat now
held back were shipped aud the roads began to
realize the benefit OF increased ireights there
would be demand Tor iron which would carry
with it Improvement in the mining regions gen.
orally. he looked for restored confidence in Wall
street this spring, and also healthy increase on
all railroad stocks.
Johnston Brothers, also private bankers, judge
from the inquiry for money that business is not
only rowing, but that there will oe a large de-
mand Tor iron this season to repair the ola rail.
roads and corresponding revival OF work in the
coal regions. The ireighls OF the Leading trunk
roads were daily increasing, and everything
seemed to Indicate @ general resumption or bust.
ness
Mr.. wilson, OF Wilson, Cousion & Co.. said the
general opinion was That matters were brighten.
Ing up. The pcope OIL BaliimOre-that is business
men--are very CONSERVATIVE anu have not ntircly
recovered from the panic oil 1873, was ms tanced
rapidly retrieving. however. their old footing.
Paper making was much more extensive than 1t
had been ior long Time, and this was ono OF the
best iudic OF d revival Of confidence.
EFFECT OF THE RAILROAD WAR.
A VISIT TO the mouse OF Robert Garrett q Sons,
one OF the Oldest banking houses in the country.
eiieited very much tue same cUncIusons as above.
One OF the junior members or the arm said Dusl.
road Ggnt In when his lather was engaged against
Colonei scott had brought a very large amount OF
trdus 20 Baltimore. which had heretofore sought
other commercial centres.
LEATHER AND IRON
Hrooks. Rogers Co., boot ana shoe dealers,
whose trade IL principally Win me mining
regluns, Pennsylvania West Virginia, Maryland
ana Eastern ONO, realized the effect oil the general
stsgnaton, but taought they would do a good
sprinG trade, and better one next iall. lbis
firm shared the op mon that 1t would he year
boIore there would De sound revival OF business.
James Carey, also heavy dealer IN boots and
saoes, whose rAdo ts in the Atlantic states south
n M,tryl AM sep AID q.
ports rom his canv0ssers were very good, though
I ne trade was some what backward TINS season,
The sUuth, ne thought was pretty well stocked,
and 1t wnald taKe some time belofe the demands
OF tudt aeotOn Moaid W IelI IN prOepcrOus de.