New-York tribune., 1878-10-16
A REVIVAL OF TRADE.
LARGE INCREASE IN EXPORT BUSINESS.

From leading merchants in various branches
Of business have obtained opinions on the ousnes
outlook based sales for the hrst seven Weeks VI ~
Fan trade While has not been as great as an
IL is generally conceded that has been larger
than An any similar period the panic The epidemic
I'm the South has not only retarded business IN certain
ooalties in the Lower Mississippi Valley, but this stag
nation has also been felt here. This influence IL Is
thought will be only temporary, and that Tecompehse
will come with increased shipments later in the season
The continued warm weather has also delayed Fail trade
1t was a general complaint that the agitation TOT uh
limited irredeemabe currency retarded business un
settled values and introduced new ana disturoing
elements Among the various reasons given IN PROOF
that the country rapidly moving IN the dlrecuoh Vi
real prosperity we're the increasing balance OF foreign
rade showing In nine months since January q chnse
OF about COO in favor Of this country eecteu
through this port alone while the returns from the
whole country indicate probable balance at the emu VI
the year OF S2s3 6s2 900 the rapid decrease III tne
pube debt amounting In September 10 S3,lSo'oo4 anu
during the last thirteen years to onethrd OF the ene
debt while lower rates Of interest were lessening TAXA
6on 20 a considerable amount; the calling home OF
United States bonds and securities held aDroau'
the estimated foreign debt now being $ZoOOOo'OoV'
instead Of 81 900 600 900 at the time OF the panic
Among other reasons were the opening up OF ne" mar
kes for American products and the constant addition OF
new articles of export besides the increased export OF
commodities always sent abroad; the increasing amour!
Of direct trade with other countries and the dsuse OF
the custon of settling balances by bills on London
change indicated by the increase OF specie spmehs oe
tween New-York and the places where the uaue mas
grown up thus proving that the country Is growing III
depepdent OF foreign money markets; the growth OF
immigration and the rapid development OF the ar wese
the beneficial effects arising from the repeal OF the Bang
rupt acts the recuperaton OF the South the increase Vi
the cotton crop being estimated at nearly 4OOOOo Oaes;
the fact that prices Of nearly all kinds OF goods nave
reached about lowest possible hgures the oountul
Nhn aiVana md
gradual restoration of confidence These and other rea
sops favorable to an early Of National prosperity
were given.
THE OUTLOOK IN TIE DRY GOODS TRADE.
Mr. Robinson OF H. B. Clahin Co., said the dry goods
trade with his firm had improved since July l. over tne
same period last year. but had been retarded
deic the South and improvement was expected un-
tlater in the season. The sales however had been larger
than ever before In like period Prices we're low ana
the profits OF business comparatively small trace was
on healthier basis aud there was steady growth ol
business which bade fair to continue The export aue
in domestic dry goods was growing larger every year
the value Of cotton goods exported aSt season
total Of SI1 435 62S against S3 3O9l 332 IN lS4 since
the decline in prices American cotton go0ds s4I 10 nnH
land in direct competition with those OF Bush manu-
facturers aud were In increasing demand on aGco1S Vi
their excellent quality Ia hs 81 s sDS I1 trade
marks had placed inferior goods on the mafke as
American manufactures 1--WE have met ths competluou
tn China and South America" said Mr.. Robinson, ,"yetwe
have frequent complaints from merchants Ouymg IniS
south America and Australia is increasing and IS very
satisfactory. Owing 10 the Door credt OF ~. III
ITaxico nv fbe unsteady Government ana the
wholesale smuggling the frontier, we do not cultivate
their trade. There is in China growing demand S ISr
American cotton goods the exports during the as week
in September amounting to over SZOOVoV on 'nS port
alone" r.. . orr ,rod0
Is not much different from that Of last season Ine vel
low fever essened the demand throughout the Misss
sppi valley which not only checked present eonsnmp
tOn but by impOverishing the people tenuea 70 %
the remainder Of the year. Our trade with Texas was
very good but The quarantine embargo prevented our
shippnL goods TO their destination think that uade
generally is a sound basis" . ,, -
Mr. Lord, OF Lord d Taylor, said The trade OF our
Arm m both the wholesale and retail departments is in
advance of last season, and the 0ntOoK Is promising
The Memphis trsae Ias oeen & SI M pas ~ Se % aTv arKed
this season, showing more healthy condition OF trade
and more assured financial state OF affairs Prices are
the bottom and Will be more likely 70 advance than
TO Decline" .-.-,,- =, ~, --.... .,o
opinion that the firms trade would have been much bet,
ter except for the yellow fever though in both retail
over last season He regarded the country as exhibiting
all the material elements Of recovery . o,- .-.do
has increased largely The September sales were 40 per
and the trade for October gives promise Of s greater
results owing OF visitors from the Summer
resorts. People seem TO have more money this year.
though liberal system Of advertising may have made
our advance exceptional"
THE WHOLESALE GROCERY BUSINESS.
MI Jenkins, Of Moore, Jenkins Co., wholesale
roeers said: "Our trade is better than that Of last
year 1 believe the grocery trade is on sound and
healthy basis Reports favorable to the steady con-
tnuanee Of trade from all sections, except the yellow
fever infected districts. Buyers are careful IN making
bankrupt act, and the varying Homestead Exemption
iawsin different States, make dealers more careful IN
Mr.. Neral, Of Acker. Neral Condt EhCle;se M he;s
than last year. but prices are low and the margins mar
row Prices in some few articles are still declining
think II there had been yellow fever in the South
trade would been much better II improving now
aud bid fair continue. Credits are more assured ana
khapa fa1e a
OTHER DEPARTMENTS OF TRADE
Tiffany & Co. thought the improvement In business
generally was patent that they wondered any one
should question It. Their retail business was better than
st any time since 1873 and had been 80 throughout the
month OF September while their wholesale trade exclu
,yely in watches had doubled in volume One enoourag
ing feature was that prices had ceased to decline since
May though they now, in many instances lower
than ever before.
Mr. Goodwin, of the Bradley & Hubbard Manufactur-
ing Company regarded the outlook as promising, their
Trade being much improved considerable part OF the
Increase was in the export trade. The trade with
Eonth America in our class OF goods" he ADDED is
also steadily increasing, and we now largeB Supply
that market, whereas few years ago II was almost
England the American manufacturers OF lamps fixtures
and clocks have met with much success OWING 10
Mr. Brinkerhof. of the Boston & Sandwich Glass
Than last though October and November the
best months in this business. Many orders IRON tne
South have been cOunterInanded owing to the fever
ur export business not great as when gold was at
higher premium, but effort is being made by com
mission houses export glass to Germany and TO open
nm other new markets. which is meeting with success
rhe class trade generally still IN greatly depressed
condition The foreign competition In glassware Is now
successfal only IN very cheap and very high priced
goods in which labor il this principal element Of cost
and wages being so much less abroad importers are
enabled TO pay duties and still successfully compete
here" ,,- ~, ..
think there much ground for epcOuragement In the
clothing trade though their business was tte better
than last year. Prices in ready-made clothing were
never low now.
Mr. HeywOOd OF Haywood Brothers Co., furniture
dealers said their September trade had not exceeded
that of last year, though he believed cooler weather
- lnnr-n lnAh llrlN