Morning journal and courier., 1880-09-06
usINEss AND ITS PROSPECTS.

BUSINESS AND ITS PROSPECTS.
 The reports of the condition and prospects
 of business are very cheerful reading-much
 more cheerful than the everlasting political
 diatribes with which party organs are at
 present filled. The trunk lines centering at
 New York report their western-bound busi- ness as from 25 to 40 per cent. in excess of
 last year at this time while on east-bound
 they say the increase is at least 10 per cent.
 The coast steamers, through to New Orleans aud Galveston, have as much outward freight as they can handle, and the increase over the business of last year at this time is estimated at fully 10 per cent still greater increase in the trade this way will appear when cotton, rice, sugar and tobacco begin to move. The eastern lines have their hands full Dry goods sales for July and August are reported at from 20 to 30 per cent. above last year for the same months The New York Bulletin looks over the whole ground and says ''Gro- ceries hides and leather, iron and hardware and wool, perhaps, is not so well defined. On the whole, however, tho situation is eminent ly encouraging, and none the less so because of the almost total absence of the spirit of reckless adventure and speculation which characterized the memorable sudden business revival of last year" In New York city, it is stated, there is at present far greater num- Der of buyers from the South and West than there has been at any corresponding period since the close of the war, and merchants are overrun with business.
 Not the least pleasing feature, of the talk about business and it's prospects is what the southerners now in New York in great force to buy goods say about affairs in their sec ton of the country. More money will be realized from cotton this year than ever be- fore. The crop is large and good and the prices are satisfactory In Louisiana, the sugar crop, which is nearly mature, promises to be good, and prices are from @ cent to cent and 8 half higher than last year. The rice crop is large, prices are good and prom ise to remain so. In Texas, wheat, which was failure last year, yields more than an average crop this year, and the growth Of cotton q BOO, 900 bales) is a large one. It is stated that there has been less money lost in the southern States during the last five years than in any other part of the country, and that the southern buyers in New York are ready to pay cash for what they buy, not withstanding money is scarcer at the South at this time of the year than at any other.
 The home manufacture of cotton and other goods at the South has already reached large proportions, and the prospect is good for an indefinite increase. In Alabama, it is esti- mated, there are 6O,60O spindles and 300 looms in operation, employing 2,5o0 opera tiyes and capital of over million of dol lars, Georgia has POOL spindles, between 5000 and 6,00o looms, employs 10000 hands and nearly $5,O0o0o0 capital North Caro- lima has over 100, 1000 spindles and 1,5oO looms and Mississippi has 3O,OOO spindles and 800 looms. The total capital invest ed is somewhere near $10,O 900 and the numbers of employees about 10000. They are running principally on Southern capital, with q Northern holder here and there inter- ested enough to secure an account. The motive power is principally water and the labor white. The machinery in use is mostly new and from New England. South ern men are in the North constantly watch ing for new inventions in machinery and talk ing advantage of their observations. Mills in the South are going up rapidly, and so great is the demand from all quarters that an order for complete outfit for mill could not be executed within a year.
 Taking into consideration all these facts, the immense crops in the West, the general activity all over the country, and the millions of gold coming across the ocean, it appears that there is abundant reason for congratula- ton on account of the present condition of business and for hope for it's future. In con- clusion, we leave it to our readers whether change that would give the Democratic party a chance to test it's doctrine of "a tariff for revenue only' and to tinker the finances would improve the outlook.