New-York tribune., 1879-09-09
GREAT BUSINESS ACTIVITY.
BETTER TINES AT HAND.

NEII4E AND FINANCIAL CIRClkr-A GhEAiLf
INCREASED FALL TRADE-MONET MORE ACTIVE
AND COMMANDING BETTER INTEREST.
That the times are growing better. that money is
circulating freely. and that business prospects
are Frightening. may be inferred from the hopeful
views expressed BY merchants in almost every
branch Of hnsness and from the busy aspect OF the
principal business streets. The wholesale trade Of
New-York City this Fall promises 10 show great
advance over that Of last year. This is taken by
merchants as an indication If better times gener-
ally throughout the country. In several months
Broadway below FGurteenth-st. has not appeared
so crowded rs 1t did yesterday. Especially dur
ing the morning hours, omnibus drivers
found 1t difficult to pick their way through
the Jam Of heavily loaded trucks and light business
wagons. For several weeks the sidewalks before
the large wholesale houses have been encunbered
night aud day with goods in boxes ready for ship
ment In the larger establishments it has been
necessary TO have force OF clerks working through
the might. The express companies have been
heavily taxed with business. For two or three
months occasional pacauis have been on
broadway aud the great business streets announc-
ing that help OF different kinds wanted IN the
innumerabe branches connected with the clothing,
dry goods andmllinery trades OF course the places
were quickly filed by ths muihtuds Of skilled
hands shat have been ont Of work but such pacards
bad become almost 4 thing of the past, ard their
temperance has been taken one indication Of
renewed business prosperity.
Another good sign is the unusual number of mer-
chants from the East, West Northwest, Southwest
and South who have been 0yerfiOwing the great
ara small downtown hotels during the past two
months. OH merchants are every dav greeting old
customer that they have rot IN three. five and
even tx years. Every merchant knows that the
best place 70 buy is the actual market. 20 the
goods when he makes bis selections, and to tax
with the metropolitan importer and iobber about
the styles and qualities. During the hard times
many large inland merchants made the bulk Of
thelr purchases rhr age inland commercial cen
tres. and dealt IN moderate degree with New fork
/ through travelling statesmen and by letter. Many
| who visit NewYork this season, for the FIRST time
| in several years, Will lind il hard de-
| sist from coming another 7ear, especially II
| times improve expected. They derive
| commercial stimulus from the metropolis, aud an
advanced knowledge Of what - dong IN their lines
OF business that the feel sharpens their Wis and
does d n guod. The city. besides offers finer at
fractions than OF old IN the way OF recreation and
! amusement and hotIl-keepers AMI merchants ne
lieve that the day s not far distant when all the
! leading merchants of the interior Will visit New
| York m the Summer mainly drawn by the advan-
tare of buying and posting mp IN the great COM
mercia CENTRE and partially aiured Dy the oNDor-
/ tunity OF mixing business WITH delightful seaside
! vacation at Coa-y Island and kockaway.
Ol every side IN tins city satisfaction Is expressed
| with the way Iu which the National finances have
/ been put IN order and placed on whaI - believed
| 10 De d" hlrd-pan foundation. Merchants appear
/ 10 BE- iuying TO meet a genuine demand. caused m
part bv tie absolute necessity thai many persons
! have OF replacing = bat has been worn cut during
! several wears OF economy. Besidrs great hopes
entertained of he Cftect Of the rev ald excellent
| crops 0a IN trade, and ndastrte- IL VII fake
some time 20 move the crops and more time Tor the
money tlai = put int" ths- haHd of tne itrner %
! ct back through The small tTadefpfopie lIfo the
! hands of those the cir VINO sent out the goods
/ and c0mwOd ties on credit The SOuth VIII nave
I Is Lff prominent
banking h0u-o in a southern city. anticipating un-
| usual demands for money 20 move the crops. has
/ iff. secGri-ies amounting to HiOoOvU Win New
York Oa to cover OVrt-drlils OF lt' ayei3g, Dai7
| anca DID this city Of four or i've hundred thousand
dollars. The bankers o. the city talk very hOPe-
Oliver Hoyt. Of t. 2 leather firm Of Hovt Brothers
and ~ present acting President of tue NalOudi Park
Bank owing 70 the teaih ~ President W orel. |nen
asked for bis opinion OF the state Of Grade SAID
see strong Indications OF q return OF commercial
prosperity and believe we are on the eve OF great
revival IN business, which Wli t' oranly ahect the
! entire country. Ile balance O1 Trade WltL o'her
countries is in our favor, and al the present time
large amounts of gold axe beng shipped over from
Europe. The demand for money u a'tFe, ana cagi,
] failsrs Will no longer De obhgrd to accept ana
| Der cent tor their money. This bank Is having no
hiculty IN iodniug lis available FUNDS on -Jod Sc
curiios at g and per cent II Is safe 10 declare
marked revival IN business. We are coming our OF
! a pcfIoG Of great depression; money j. circu-
! latiug uoro -reciY there Is marAed revival We
| confidence; the field for American investments
| T. widening; England has oecome an lmnor'1nt
I wi. 4
-relus to me- TO be large eAli-T4t.ou OF farmers
and lab0rers from Great Britain aud EUROPE tney
/ Will bgng considerable )rry. VIZ an)!ncf n0uA-
tiful cran such the country iaH natNe,ttu curing
fbe Dast three years. this OuniTy, 10 seems 20 uie,
! iaust enjoy much prosperity Tor several years q"
~,,a nni.ss some serious political trouble arises,
sufficient o. disturb the foundation OF the 1uNer'-
/ uent The financial condition of tie south IS I'M
| proving aud their cotton crop - now moving"
/ Mr. Hainea OF the irm Of Halsted, Hsines ~
/ Co No 37s Broadway, said there Was more
activity in ihe dry goods trade tAan had been seen
! at any time during the past nye years. mere was
4 more confidence tet in rhe values OF mercEand 5e
The laborinu rlen were being more generally CiD-
ployed ar far wages, and were able to make larger
purchases Of the retail dealers IL increased pur-
chasing power had helped 10 equalize the supply ana
the demand, resulting IN smaller ACCUMULATION o.
az, k and the revival of manufacturing industries.
/ The credit OF the country dealers nad improved
aud the iosses of the past year W ere very tlA'hA.
Their WI business lad very largely increased AMI
/ be believed the same Improvement IN Ousinehs per-
tanned to lie trade generally.
/ Mr. Evans, of the firm Of Evans, Peake Il Co.,
was found IN their great importing anh J"O1!us
s-ores ar No $50 Broadway, which were alive
with statesmen AID customers. lie SAID tlat the al
/ trade showed Unmarked improvement IN business.
! he rush had begun unusually early, ana lie D.
! liev.l n would continue well into the Autumn lie
| had met customers IN lis store whom he had not
seen before in five OF six years. lhey brougnt Ia
vOrable reports from the interior. Inc AutAins-
/ teoule were again able 20 ina steady employment,
! ana IL was labor that supported trade IN MS
opinion the dry goods trade was IN an
| condition.
/ Rggcrs. Peet e. Co. at Broadway and Broome-
ST. aside from their retail trade, art heavy manu-
! facurrrs of fne grades OF read y-Hade cI"tHing'
which they sell 10 the large lODDluS HOUSES OF 0Ar
/ country They do not do That - called "A : cross
ROAD trade. that is. sell TO the smaller dealers.
one of the pruprietOrs said that Tor fhe INST time IN
! live years rock bottom appeared 10 nave D'el
/ reached IN the clothing trade. They expected,
jndglng trc'n sales already made. that tlis years
business world be forty per cent better tnan tht oI
a year ago. Wcolen goods had steadily declined up
Ia last Spring Ihe tide bad now turned TIC other