The Cincinnati daily star. [volume] ([Cincinnati, Ohio]) 1875-1880, 1876-08-23
About Business Again.

Some days ago we published an artl-
Gle on the subject Of the business pros
pecGs of the country, arguing that cir
cumstances relating to our abundant
crops and increased foreign expectation
indicated II steady and permanent re-
yiyal of business. More recent and def
mite information has now reached us
from the great comm 2rcial centers that,
goes to confirm our views then eX-
pressed, and which shows an activity as
already developed even sooner than we
had expected.
The beginning Of this revival OF busi-
ness activity was first noticeable in Bos
ton, as being nearest in connection with
the manufacturing interests Of New
England. This feeling has now become
fully established in New York, and even
in more marked degree than it was at
first in Boston. The N. Y. Tribune Of the
18Th says:
From present indications the whole
sale dr., goods merchants predict very
brisk iull trade. Already merchants
from the far West and Southern States
have arrived in the city aud purchased
their tall supply of goods. The activity
noticeable in the Wholesale centers Of
the cily confirms the anticipatlons Of
good business during the season. The
sidewalks opposite the large houses are
blocked all day with cases OF goods re-
0ejyed or in preparation for Shipment.
The clerks in The wholesale houses have
returned from Their summer vacations,
. hf,1 1t,tl nh a U,llI a faAW
ago has disappeared and activity pre-
Vails."
The great houses of A. t. Stewart Il
Co., and Ii. B. Clafln Il Co., repor that
''the prospects OF the dry goods trade
were never BETTER" and they have al
ready made large sales to Western GUS
toners, and were crowded with buyers
and orders.
The recent large auction sales Of cot
ton and wooden goods have had the
effect to settle botn the quantity held in
reserve and their prices in the market.
This has inspired confidence and given
steadiness to values, SO that buyers are
satisfied that the business in those lines
is now upon safe basis.
Among manufacturers the same in
crease of activity is found. Tue agen-
cies oil the wooden mills and the cloth
houses concur in saying that the demand
on them was never more urgent. The
ITbMae'S report says:
"The represent atives of several mills
said that they had already sold every
yard of clOtl their factories were able to
manufacture. Some Of them were weeks
behind with their orders"
Another feature is plainly observable
that augurs well for our home indus
tries-that is, the falling off in the de-
mand for imported goods. 1t is found
that foreign goods are now in less de-
mand than for many years before.
Merchants declare that il this decrease
III the demand tor imported goods con-
tnues, IN short time the importation
of dry goods will be confined to a very
fow articles of peculiar excellence; and
that American goods are even now TAX
ing the PLACE of both the English and
French, being equally as good and much
cheaper. The report states:
GAS an instance OF the decline in the
consumption OF French and English
goods, merchants point to the calicoes
or those countries which were formerly
much sought AFTER. Both English and
french calicoes have almost entirely dis
appeared from the counters of dry goods
stores. Their place is filed with Amer
lean giughams, in patterns resembling
silk or wooden fabrics. Merchants state
that q similar falling off can be seen in
every other class OF Imported goods"
This is one OF the most promising as
poets OF the business situation. 1t ar
CUES increases employment to our home
artisans and manufacturers, al the same
time that il retains our coin in the coun-
try, which must otherwise go abroad in
payment Of foreign importations. Ifthis
line of policy in trade can be kept per.
manent prosperous future is both near
and sure.
WE learu from Washington that the