Daily Kennebec journal., 1877-09-04
The Business Outlook.

The Boston and New York papers of all shades
of politics speak of the outlook for business as
encouraging The following extracts from Bos-
ton papers tell the story
From the Boston Traveller.
There is a a strong feeling prevalent among
the leading exporters that the foreign demand Tor
American produce will open early, and be greatly
in excess Of late years With this increase OF
foreign demand for our products, there must
necessarily follow an active demand Tor supplies
through the West and Southwest the great
consuming districts Of the goods supplied by the
Atlantic cities.
Though there are some men who suffer from a
chronic disease of the blues, and who can see
nothing but disaster and bankruptcy IN the I'M
mediate future, the general tone among business
men is one of hope and confidence. There Is so
little confidence IN railroad securities and others
of like nature, that the naturally increasing
capital of the country will seek investment
through the more legitimate channels OF trade
and commerce. For the month of August the
several railroad corporations have had little to
complain Of in the way of freight traffic either
coming or returning, and 1t is confidently expect
ed that the month OF September will not only
show corresponding return, but an Increase
The jobbers in the dry goods trade and In the
boot and shoe trade generally express themselves
satisfied with the course of trade, and they be-
lieve that the bottom so long looked for and 50
anxlously expected, has been found.
From the Boston Advertiser
The reorganization of business which has been
brought about by the stern logic OF events has at
last established basis for the future so deep and
broad that a reasonable degree of prosperity to the
interests of the country may now be safely pre-
dicated thereupon. Not only has the basis i'm
proved, but the means and conditions of prosperity
are now II that could reasonably be expected or
asked for. The country has been blessed with
enormous crops of bIeadstuifs for which there IS
e., .4ay, Il
tive prices. The great staple of cotton, always
an important factor III our commercial exchanges,
as well rs industrial prosperity. gives promise
OF a large yield, and the hog crop Is now expect
ed TO exceed considerably that of former years.
With all these favorable conditions the future Is
full of promise, and it is not surprising that a
more hopeful feeling is rapidly developing
throughout the country
In the West and Northwest, business appears to
be reviving and the fall trade thus far is reported
to be active than at any time since the panic.
In New Orleans and the Gulf ports the conditions
are said TO be favorable for good fall bosness,
and at st. Louis. Baltimore, Philadelphia and
other centres of the distributing trade, the busl-
ness is reported as very encouraging. In New
York trade is improving, with good demand Tor
dry gooda, but bids fair 10 be more active when
the season fairly opens, and the products OF the
great West begin TO arrive freely.
From the Boston Shipping List.
The advices from all points indicate splendid
crops. The fertile lands of the West aud South
west were never more prolific, and the quality OF
wheat and oats and cereals was never better
The cotton crop of the South is quite promising,
and large yield is beyond doubt. small lots
of the new crop are now arriving at Southern
ports. The crops of New England are also quite
remarkable The hay crop will be more than an
average and of excellent quality. Vegetables OF
all kinds have turned out we'll, and the weather
has been quite favorable for good pasturage and
second crop oil hay. The country is, in tact, IN
good position to recover from the depression of
the past few years, and sagscious business men,
bankers and well informed hnanciers look forward
to a great many years of business prosperity.
Almost all kinds Of merchandise have touched
what is called bottom prices, surplus labor IS
gradually working into employment, and manu-
featuring industries are start ~ up on sOunder
basis. The boot and shoe business OF the state
has exceeded all expecuon, and, although profits
are not large, the goods produced are generally
IN excess OF any previous year. Large crops
mean increased activity IN all branches OF indus
try and business men are preparing for the work.
Democratic croakers and gieenbackers, like
the Maine Standard and Chases Chronicle, CAM
see any signs of improvement.