The New York herald., 1878-12-14
THE BUSINESS OUTLOOK!
Among the Manufacturers Of COnnecti-
cut and Rhode Island.
THE NUTMEG STATE IMPROVING.
Depressed Vallcs and Forced EconOmy-Low
Wugts, Small Profits.
CONNECTICUT.

f CONNECTICUT.
THE BunNEss OUTLOOK IMPROVING THROUGHOUT
THE srATE-sHINING MARKS OF THE MANU-
FEATURING REVIVAL.
HARTFORD, Dec IL, 1878.
In the formation of estimate Of the present
dtion and future prospects of the industries of this
State it is essential that manufacturing rather than
agricultural interests those of be taken
into consideration Agriculture. often and
properly regarded the basis of prosperity in almost
every section of the land. is in Connecticut of
ondary Importance only. Crops raised here it is
true but outside of tobacco there little worth men,
tioning. sManufacturing has spread everywhere 1t
gives employment in the larger Cities and factories
nestle along the streams wherever the water power
be utilized The purely agricultural towns Of the
State are going to decay. decreasing in popula-
tion and in wealth. despite the agricultural fairs
and State aid for agricultural purposes that
seek to keep breath in pursuit that has little Of
profit and much of unrequited work the soil of the
Nutmeg State On the contrary, the manufacturing
towns are growing; they attract labor from else
where and they utilize in time much Of the labor
that had previously titled the land
A BITTER PROSPECT.
There can be no question that the general condi-
tion Of the State has undergone decided improve
ment within the past few months-not rapid, but
steady and sure Manufacturers. farmers all classes
Of employers. in fact, see brighter times ahead-not
the flush days OF before the panic but more Of the
steady business Of ante-bellum times Recovering
from the great depression Of several years past they
find contentment in more limited, but safer, husi-
ness, and small and certain instead of specu-
lative profts-such profits as are fair with
fixed standards Of value. rather than those that
might be reaped or the corresponding amount that
might be lost in the fluctuations Of the markets
under the operations of an unstable currency.
While manufacturers and farmers may not have made
any considerable profits last year they have certainly
done better than in the two three years past and
they looking forward with confidence to the year
to come. 4
COY CAPITAL
The State to-day is fully stocked with manufactur-
ing establishments. running to their full capa-
city more awaiting the future to call their full abil-
tiles into play. Yet there few throughout the
State that shut down wholly for lack Of orders
and these generally speaking. small enterprises
whose patronage has been taken away by the larger
factories. which do the work cheaper and quicker
is little inclination to start enterprises at
present. although the facilities are at hand and
be shown that profits are possible. Capital in this
State naturally gravtates toward manufacturing
terrrlScS and this section IS fairly studded with
stock corporations But just at this time capitalists
evince disposition to wait awhile to better deter
mine what the future shall bring forth. That is to
say. there is none Of the oldtime enthusiasm. If it
may be characterized, for embarking In such enter
prises; but wherever it can be shown that profits
TO be reaped capital comes forward promptly.
HcREAsED SALES.
Here in Connecticut the general feeling is that the
ERA Of the asr ss y nssr f n quite a an end
more cheerful feeling among the people generally,
and in increasing freedom in expenditures as com.
srpn hnQ and fn1v 1x,t
uncertainties of the past The low prices OF all
saries well as luxuries Of life may have effect
ample. and those from the large area which
this city supplies report their sales largely in
Of those OF last year in the amount OF goods sold
their counters although Of course the percent
age Of profit s smaller There ln better Indication
than This that the condition OF affairs is measuraby
easier with all classes. and especially with tho
toilers. tor it is this class that tho bulk OF the
creased trade must needs be derived from. Further
than this, it ia regarded AZ showing confidence in
the future--confdence that the days Of depression
ended and that the money that is spent will
be replaced by wages by dividends al the pur-
chaser may be worker or deriving his income from
his investments. -5FUE Trs
REAL ESTATE RECOVERING SLOWLY
The real estate market Is recovering very slowly.
Fancy prices had ruled here elsewhere. and it has
been slow and uncertain work getting down the ruo
values. Recent sales Of both city and farming prop
ers+es have beeL made at fair rates. and it il
noted important fact that the specu ative fea-
trro u real estats transactions has almost disap-
peared. Purchases made to hold for use,
and largely Tor cash nearly all cash. this
tion st least Il appears to be agreed that hard pam
in real estate has been reached and brokers report
growing inquiry among capitalists for desirable prop
erty for purposes OF investment
While comparatively unimportant, as before ex
planned. paragraph regarding crops mag not be
Connecticut agriculture for the ready cash it brings
to the growers. is abundant this year and generally
good None OF it has yet passed into market, as IL is
yet in course OF preparation for packing. But the
tobacco regions have this fall been nearly swept
atfafnr
based an opinion that the crop OF this year will be
marketed st rates which win yield good
will be profitable. Grain and vegetables win he
mostly marketed at home at fair prices The app,e
prices correspondingly low walingford cider mill
refused apples at tour cents per bushel and in tho
eastern and other parts Of the state carefully picked
spples, of good keeping" varieties have been delv-
cred 1t railroad stations packed at from seventyiye
cents to 81 per barrel The potato crop throughout
grubs, and some farmers have lost heavily. ~
Tho only industry in the State that has manifested
no signs of recovery is shipbulding; but this, for
that matter, IL the experience oil along the coast.
IMPROVED BUsIxEseEs. ss...t.tM
The manufactures OF metal goods. tho silverware
bronze and iron goods of New Britain arms carri-
ages &c, of New Haven woolen lacore of Rockville
and elsewhere, the clock works Of Bristol Thomaston
6c the hat business OF the western cotton woolen
industries Of the eastern. and the silk business
focus. alike feel the irnpctus of better tines IN
illustration OF this fact better proofs bc given
than condensed quotations from the daily press
ing the past three months and facts obtained through
personal investigation M..
SEPTEMBER
The Conversville Cotton Mills, Stafford. increased
the working hours to fourteen daily. with
spending increase OF pay; and increased ma
chincry placed in the Neptune Twinc Mills ut East
Hsstiam: owing to press of business the Bristol
Brass Rolling Mill sent large quantities Of brass
Wolcottville TO be rolled for clock works. the Yale
Lock Company at Stamford brought ont the Unitcd
States Lock Company of Kingston. Mass, and began
tho manufacture oil tue locks made by that rn the
Lcidard silk Works in Windsor Locks running
overtime to keep up with orders; y new fac
tory tor making carriage bolts established In
Pla,itsville; the Mcdlicott Company, OF Windsor
Locks. compelled 10 run their finishing department
nights to keep up with orders; the Higganum Man
ifacturing Company agricultural inpenients rum
uing frll timc with nearly full forces large nd
ditions we're made TO the Judd Bakcslce works in
Now Britain, ncccssitatcd by increasing business
four-story addition made to the works OF the Brad
Icy Hubbard Company in West Meridci. manufac-
turcrs of silver plate aud bronze goods: new