Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1875-08-26
METROPOLITAN VIEWS.
The Business Indications Of Last week,
New York Herald.

New York Herald.
A review of the leading features Of
the past week shows a more encouraging
condition Of affairs than has recently
existed. Trade is gradually improy Dg,
and the indications are that the demand
for goods from Southern ard Western
buyers win begreater than for several
previous years. The news from the
crop regions is to the effect that the
early statements concerning damage
were exaggerated, and that the chances
for an abundant harvest and fair ex-
port demand are undiminished. This
being true it viii give employment to
now idle capital and stimulate all de-
partments of commerce. The South
especially viii feel the change for the
better, and be relieved from the strin-
gency which is incidental to its peculiar
system of planting since the war.
Tribune.
Viewed from a commercial stand
| point, perhaps the most cheering fea-
ture of the week ending with to-day
has been the setback which the re-
cent speculation in our chief articles of
production and export has apparently
received, as evidenced by very gen
eral decline in prices, since as we have
frequently maintained, it is of the first
Importance to the general welfare of
the country that the large surplus
from past seasons, as well as from the
incoming crops (which now seem to
be not much, if any, short of an av-
erage), should find q ready market
abroad, and not be held here at prices
which prevent its export. 1t may be
remembered that at the very COM
mencement Of the recent rapid and
large advances in the price of wheat
We deprecated the movement as one
likely to be fraught with evil; for, if
the movement, as we believed it to be,
was simply the result of a combination
to bull the grain market, favored by
fortunate circumstances or accidents,
the inevitable result must be collapse
in prices, to BE- followed bya subsequent
slow movemement of produce from the
farmers to the market.
Times.
The aspect Of affairs in financial cir
cles during the week was decidedly en-
cCuraging, and affords good grounds |
for h0pefulness in the future. There |
is apparent on all sides a tone of re-
viying confidence which in itself is no
slight Indication that we are about, at
length, to emerge from the long spell
of depression naturally following the
panic, and that business viii, in some de-
gree at least, resume the activity which
characterized it before that disastrous
event. The lessons taught and 80 pain
fully enforced by the panic as to the
evils of overtrading, and the
folly of embarking recklessly in
projects which have only "mag-
nifcent possibilities" to recommend
them, are not yet forgotten, nor is it
well that they should be; but, at the
same time, it begins to be felt that to
err on the other side, namely, that Of
over-caution, would be equally fatal,
and that energy and enterprise, pro-
vided they are exercised In Legitimate
channels and conservative ways, are
elements in the promotion of
the prosperity of any country, more
such a country as ours.
That there are good reasons for an
a lively fall trade, that viii !
result in producing at least !
prosperity, sindisputable.
From all quarters of the country come
the most cheering accounts of reyiving !
activity in business.