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

based upon tho construction OF Q railroad to
Texas, which IN the opinion OF all, Is the only
thing needed TO restore the halcyon days or New
Orleans, when this trade was the most prosperous
II not the controlling interest
DRY GOODS
In an interview with one Of The most prominent
representatives OF the dry goods branch he stated
thaC the Few dry goods houses yet existing had
ample capItal ana were as sound as any commu-
nitY IN the United States. Business mad already
revived ana was in very healthy condition. with
good crops. me business prospects were never
better. Very lew dry goods are now sold TO
Texas. but very healthy trade has been built up
with MISSISSIPPI ana the adjacent states, among
customers VINO used TO buy al the North. lie re-
garded tao future OF New Orleans as most prom
ising. the exceedingly low price or real estate
must attract capital and the construction OF RAN
road to Texas wil secure the control OF the trade
Of that section.
The President OF the New orleans National Bank
aud head OF the principal hardware hrm also
spoke encouragingly. The business OF Eastern
Texas was coming back after two years diversion
to 81. Louis. Trade was now good and would run
la!e Buyers were paying a larger proportion OF
casa than usual. They were In good condition and
owed less money than since the war. The trade
with southwestern Texas was rapidly growing aud
only needed railroad communication to secure
1t finally. He thought the evil effects. experienced
by New Orleans, through the enterprise displayed
py rival cities IN tapping It's trade marts, had
come to al end. Al all events the hardware trade
RAPIDLY regalning lost ground, Avery large TALL
trade was expected and was Deing prepared ior.
nregard to banking Mr.. Baldwin stated tnat
The banks were unable to use one-'hird OF the
caplta they could use and keep III line. Deposits
were larger and discounts smaller than ever be-
Tore. Recent failures had tended TO clear the
financial atmosphere. and confidence was last
being restored. The banks were not disposed to
advance mucn at present, but II the crop pros
poets proved satisfactory during the summer they
would 40 so freely.
DRUGS.
E. B. Wheeiock, OF Wneeock, Flnlay & Co., said
the news from the country was very favorable
People were paying their debts, but were buying
moderately There had been great depression IN
the drug trade for Two years on account OF the
healthy condition OF the country and the lack OF
transportation facilities. The business fu.
mere oaes,on tine OF city Was On e' had
every advantage market The people
OF the southwest all preferred to buy here, out
would enjoy tneir present advantages. He antici.
pated good spring ana iall business, but not a
heavy one. The financial C ndition or the drug
trade was pever better but they were disposed 70
buy very lightly this spring.
GROCERIES.
Several leading grOcers confirmed the views
above eXpresseG "a eouauy annIIcahla RI thar
own branch OF trade. All attributed the decay
and depression TO the present depOraole political
CONDITION OF Louisiana and TO the lack OF railroad
facilities. All look TO texas as the great market
that Is to redeem New Orleans. but no practical
method OF achieving the end appears TO be enter.
tanned. The grocery trade Is proDably the most
hourishlng in the city. 1t Is gradually extending
Its area and Its prospects were never better.
Some complain OF the banks and the prevailing
want Oh confidence, which prevents trade from
developing, but all appear to be more or less pros.
porous.
TIE presidents OF the Canal and other banks
complain OF the lack Of business. Plenty OF capt.
Kept on hand. The prospects were good. now
ever. OF speedy and heavy demand Tor Western
produce and plantation supplies. The financial
condition OF the community was good, because 1t
was not creating any liabilities. An improved
condition Of AFFAIRS might he anticipated, put no
railroads built. Business would be good next
fall, because the country Is so bare Of goods and
New Orleans must ieel the effect more or less.