The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1876-09-21
From the New York Bulletin |
The Autumn Trade.


The favorable reports as to the revival of
business at all the more prominent trade CEN
tres throughout the county which were pub
lished ia last Mondays Bulletin, are followed
by abundant assurances of the same character
in our commercial exchanges for the week end
ing Saturday. An epitome of these is better
than general statements, and accordingly we
condense as follows: At Chicago, the Times
tells us, there is "new life and more active
movement all around, with a noticeable in
crease of business at banks" Says the Boston
Globe: "We continue to note an awakening Ia
trade" and this is accompanied by "a revival
of confidence in the future" Philadelphia
seems to have taken a final farewell of the
croakers. According to the North American:
''Stocks of all kinds of merchandise are dimin-
ishing; sales have been large enough in many
cases to warrant an advance in price, and such
an advance has really been made by reducing
the inducements long held out to purchasers.
With this stocks are being sold down and sales
made to arrive, and there is a spirit among
buyers from every quarter that indicates con.
tinuation of the condition.
At Baltimore, the Gazette tells us, sin trade
circles the improved feeling heretofore noticed
continues. while the general aspect of the bust
ness situation is satisfactory and encouraging"
At Pittsburg, the Gazette sums up the situation
thus: There are now real indications of An
improving spirit in financial affairs The banks
report more calls for discounts, especially from
country correspondents; city depositors are also
little more liberal in their offerings, and. in
tact, more activity all around is reported"
The farther west we go, the more signs of en-
couragement multiply. The Kansas City (Mo)
Times, of Thursday, reports the jobbing mer-
chants with scarce an exception, as having
transacted large and most satisfactory trade
during the past week, while dealers in some of
the leading lines have been crowded, working
night and day to keep things even, receiving
and shipping large quantities OF goods In an
other part of the same journal we read: "As
an evidence of the great Improvement that is
taking place here, a prominent banker in one
of the Oldest banks in the city stated yesterday
that this seasons business had been better by
far than any previous season Of the banks ex
istence and was constantly improving"
A letter from Minneapolis, Mimi, Septem-
Der annouces decided Improvement In the
business of the city in nearly all lines of trade
The last three days of the week had shown in-
creased activity, although the weather and
roads had checked deliveries of produce by
wagons. At st. Louis, according to the Times,
'trade continues to pursue a steady and gener-
ally improved course. Bank loans show
general increase in volume from day TO day,
and the distribution of money to the interior is
gradually growing through the various aven-
ues of trade. Produce operators and commits
sion men are sending considerable amounts of
currency to their customers, and bills on South
ern and Eastern cities indicate q good move
ment of products in these directions" Toe
ST. Louis Globe Democrat reports increasing
orders from the country, and that trade gener-
ally is about all that could be expected. At
New Orleans there is moderate movement in
most descriptions of merchandise, with indica-
tions of increasing activity as the season ad-
vances. At Galveston, Charleston, Richmond
and other commercial centres, the same re-
marks apply Savannah alone is at q dead
halt, owing to the yellow fever, the unfavora-
BILE influences of which are felt more or less in
the surrounding country. sli-c-'
As to the situation here in New York, we
have but to repeat that in all the leading
branches of trade there is now healthy activ-
ity, moderate in its details, but quite imposing
in the aggregate. 1t is a long while since the
city witnessed the presence of so many country.
merchants as at present. These come not from
one section but from all, and though the Phila-
delpha Centennial may have helped to draw
them hither, they have to transact more or less
trade, of which New York gets the benefit.
The auction rooms have been thronged from
day to day, and the readiness with which goods
have sold there at appreciating prices is matter
at once of surprise and congratnlafion. In the
markets for general merchandise there is fair
activity, and prices as a rule have hardening
tendency. The distribution of goods from the
seaboard to the interior is large, and is stimu-
lated by the expectation that the existing low
rates for railroad transportation will not extend
beyond the close of navigation. The DISPOSE
tion to take advantage of these low rates Is
yerv markad 4.