New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1875-10-02

dent authorizations OF sales Of fan extent Win
reasonable returns. Shippers OF grain ana pro-
visions state that they look upon the check to SHIP
ments to England as temporary
VIEWS OF DRY GOODS MERCHANTS.
The senior member of the firm of II. Il.
Clanin d Co. reported tho aggregate Gales Of LIS
house as very nuch greater than those OF last year. Da'
with a somewhat lower range Of prices, when aG re-
duoed 10 soino extent the total amount ~ dollars aHn
cents The margin of profit for theJo1hcr' III Af, '"i
Inns opinion, fair "A 1t has Deeh uuIihs
recent years. and If any persons had suffered tl'y
were the Manufacturers whose mills were oyestockcd
and who had as G rule been doing poorly. The great
bulk O! goods sold has gone West ana south, Whefe
good crops and abundant resources give tncouiagihg
prospecs for rapid returns and prompt payment "I I'D"
hcs Incurred Tho Eastern Saiaa bad he'u the Eteit
erer and their recuporaton had been slower the ma
turo OF h IL industries being such IS to be less qu'Ay
affected by an Improvement in The country at large
"Thc Fail trade Of the present year Is somewhat pc
curjor" eaid he "in that It BEGAN earlier ana
ia holding on LONGER than in former years
This while il does not enable ia to Sho" sheh
large sales for any one m0nth, nevertheless
gives better aggregate exhibit for tho time
covered Mr. ClaGia was OF the opinion that the
couutry-and as a natural consequence, the dry goods
trade-had about reached hard pam ana tAaJ ury
goods were today among the cheapest lines OF invest
merit in which money could he put AT present prices
since they had declined 10 point WHICH Ftocied m 'oi
overrr0ductiou Impossible.
M libby OF A. T. Stewart & CO. eaid that there was
better feeling throughout the country and business pros
meets we're brighter Merchants outside Of thi city were
buying moderately to meet the denans OF Their custom
crs and there was growing feeling ~ confidence settle
mcnts o. balances i0r other years were being made ana
country customers preparing for brisk trade th'
Fail and Winter The prices OF domestic cc0A sooIs
nave fallen from 10 70 per cent, AMI there has been
bt reduction IN foreign goods. The reduced wages OF
yvor;nen and lower prices Of the materials, worid
account for This Tae political corruption exposed dui
ING recent years created ceiling Of uneasnrss among
the pcogla There has been much oXt-hV9S"Hco ana
potlca corruption in almost every State IN tae uuion
~ 10 awaken feeling OF ds.rus and lack Of Confidence
So many important enterprises have been tainted with
wrc II Ding that capitalists have withheld iher money
and tEe industries Of the nation have suffered from tho
lack OF means to develop them. better feeling seems
10 have SET in :g tc outlook is favorable for revival
OF business Tho farmers hayc had good crops and are
comfortable Credit IA good FOR firms conducting busi
ness or . sound basis, and for legitimate enterprises
mfr Peake 81 Evans Peake s. Co., succes-oTs % Pe1He
Opdvcla & Co. Thought that IN the bfaucG Of le business
in which his hugsa engaged tho sales OF goods bad
| been in quantity much larger than last year
| and the profits upon the amount OF trahsact.os
had been fully AZ large. There bad been, lie said
tendency DO business ca a cash bass. ana tls pIo"t-
able trade had largely Increased u Mus do, - ne
Iayed ust ia proportion the panic and ia results
Grci further into tIc commercial horizon business Il
now upon moro solid aHd lasting bass than ever BEFORE
thank, 10 the conservative element When had Dtth N
Produced TO il b the severe lessons OF tie panic. lie
looked luCn tie gr. atgr distribution OF trade through
! out tbe wear az an Important feature, and 0AC which
served 10 chance the character OF tho business COM
uctolv Merchants from tho West and south, who estl-
mated their requirements for tie season IT. say 10000
worth Of Goods each, bought 5000 worth IN person.
a1i nom tle.r sauple5 ordered goods thcy required
them during the remaining months Oh ne year. hu7 re-
Gyiug tho merchants Of The necessity OF D'lins mp
/ brre stocks in their vareToom5 in anticipation
OF q sEdaen and bre. demand each Spring and Fan
He ssun!cd however. that the country and trade in It's
various b anchc world Oay reach its normal level when
| labor lad been chcapencd as t. render ts employ
mcY by CAPITAL advantageous and profitable. lie be-
oycd he present indications were that this iime had
| about arrived
Ne. Jarray Of the firm Of e g. Jaiay Co. expressed
the alef that the sales OF general dry goods weIc In
yards" just equal those Of last year. although tie
amount Of money received must bes result OF lower
| prices-s5rnewhat lees. lie considered the condi-
| lion OF tie West AID South as very oncourag-
| ing and their condition vastly improved.
Crops throughout the country have been large, cspe
ciay ia the snuth where instead OF raising cotton st 2
cost Of l2 cents pr pound and selling il at 10 cents
| per pound the people have been producing a fine
| crop OF grain In quantities more than sufficient
for their own requirements. Their merchants have
devoted more time to collecting dehs already due and
less 10 putting goods upon long credit, and the South
ern country will have actual money 10 spend by
next Spring than FOR years past" lir Jafy said that
he had found possible 10 make much narTO@cr Tie
credit system OF dOBI business, since much Of the firm
trade had with parts Of the country where ready
cash was extremely His customers did not de-
sire and indeed not IN condition generally 20 dis
count their accounts for cash. but he thought they
! all doing business upon much more con
seryative and jIdicious basis than heretofore.
| 81 Tho whole West and South" he added ARE in q
far better and healthier condition looked at from
point Of view, than they have been FOR ycar3 and the
prospect Of their being able TO pay Jr WHIST they get is
! very much better than it has been"