Alpena weekly argus. [volume] (Alpena, Mich.) 1871-1893, 1878-09-04
Prospects OF the Fall Trade.

The merchants or New DIX are
said by the Daily Bulletin to have
hopeful feeling about the fall
trade. The hotels in August are
thronged, and there are but few
wholesale establishments that have
not their quota of representative
merchants from different parts of
the country. The extent Of their
purchases are seen in the liberal
shipments Of autumn goods that
are being made to the principal
points by rail and steamer. The
Texas steamers are going out with
heavy cargoes Of merchandise, and
some of the boats have been dis
charged ahead of their regular days.
The articles sent out are dry goods,
groceries, tobacco, bagging, hard
ware, agricultural implements, and
assorted merchandise Of all de-
scriptions.
A cheerful view Of the business
outlook is taken by the London
Saturday Review. 1t describes the
feeling in British commercial cir
Giles as sanguine that the period of
depression, which has lasted for the
unprecedented time of five years.
is at it's end. The causes of the
commercial distress in England,
the Review believes TO have lain
outside Of English control in the
main. The English depression is
the reflex action Of the distress
that prevails in the United States,
Germany, Austria and Hungaria.
The waste o: capital and the ar
rest Of production caused by the
war between France and Germany
the excessive railway building ir
America and Russia, the effect or
trade and shipbuilding, prices and
wages, of the opening of the Sues
Canal, and the speculation that fol
lowed the disbursement in Ger
many of the French indemnity
produced outside of England tn,
crash that has been so sevelely fel
in England. Besides these are t.
he taken into the account the fam
inc in India, and n succession il
England of three bad harvests
> with the ravages Of the cattle dis
= ease. AS England looks abroad
: for the causes Of much Of its com
: mercial suffering, it looks in tn,
/. same direction for signs Of recov
a cry. The Review thinks there cal
2 be no doubt that the thrift, re
Q trenchment, and assiduous labor o
D the past five years have about com
D pleted the preparatory work for
! new outburst Of industrial activity
D The accumulation of new capital j
Z proceeding in France at NOR
e rapid rate than ever, and tina
! country is now richer than befor
z the war. Germany, Austria an
: Hungary have got over the wors
D of their difficulties, and of tn
: United States it is said that, al
/; though they shave still to effec
] resumption, the retrenchment an
: economy Of the past five years hav
made mp for former extravagance.
The New York Shipping Lis'
in referring TO the outlook for busi
ness, says: "Al,hough there ar
{ many complaints 10 all parts OF tn
r country Of hard times. there ar
!, also indications that the ground
3 work has been laid for much NOR
, extensive business in the futur
: than this country ever possessed
. The one fact that we can mannfac
, ture many varieties Of goods s
, low in price and good 10 quality a
! to compete with foreign manufac
: turers, speak volumes in ITSELF
} New countries usually export raw
material and import manufacture,
goods, and, until within q few years