New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1881-09-03
THE BUSINESS OUTLOOK.
SIGNS or PROSPERITY IN ALL TRApEs


DE THE CoUNTRY-No DISASTER EXPECTED IN
THE EVENT OF THE PRESIDENTS DEATH.
One VINO visits the centres of trade in this
~ receives the Impression that the prosperity Of
country which set in three years ago. is still ct food
.4oe' Great shipments of goods being unpacked
Aroh psies and boxes In warehouses and snlesrooms
n" trucks groan ON their railroad depots with
heayy loads of merchandise to be sent TO distant points
IN the west and South Merchants in this city uniyers
any express themselves satisfied with the condition
anu prospects OF trade While admitting that the reports
Oh failure OF the crops I'm parts the country are
not good sign, they think the volume of business will
not be materially lessened thereby
luis found that the conservative habits OF merchants
throughout the country which contracted during
the depression in business from 1878 to 1873 st cling
10 thema fact which regarded great benent to
poth buyer and seller The growth of home industries ia
"ieo cited as an important factor in the COM
mercai interests Of the country both in affording
ehp'oyment and in reducing the inportarions from
european The speculative feeling that exists in
docs not extend to the main branches Of mer
cahte trade and is claimed that collapse in socs
anu ponos would scarcely affect regular business Re
'~ "eeers ana Jobbers from the South aud West who
nr nave oought their stocks. report healthy condi
uoh OF trace and perfect confidence In the future
r. F. Austin Of Austin, Nichols g. Co. imnorters and
wholesale grocers of Nos SO to II Hudsont recently
III conversation With TRIBUNE reporter regarding the
condition and prospects of trade, said:
:" The first buyers to come are merchants from
peen here They have reported that the crops
VIII be short this season in many places,
owing to the dry weather Accordingly they are some
Wnat moderate in their purchases that they may
get more goods In stock than they sell But alto
gether the South prosperous as p was laat year
which is saying a good deal"
what is the condition of the westg~
1T seems plain that the crop the other cereals
WIN fall short from % to 80 per cent But this 7
think will be compensated to the producers by the ad
vance In the prices of farm products The farmer will
have less to SELL but he will get higher prices for what
ne mas Another fact to be taken into consideration is
@ there nave been large crops since 1873 SO that
une farmers nave become, you might say, rich"
But viii not some other classes suffers"
The manufacturing classes would naturally suffer IL
there should be an over production of goods don't
thnk that that there is likelihood of this So that
all IN ALL the falling of in the grain products this season
which has been greatly exaggerated by spectators for
stockjobbinS purposes, will not materially influence
business Outside of speculation pure and simpe the
iegtnae busness OF the country is in healthy con-
diuon There win be q good comfortable trade
one OF the good results Of the hard times is that
merchants have learned to look well their credit ac
counts, ana buyers have learned 10 oe cautions As
rule merchants in all parts of the country their OBJ
legations promptly
els there strincency I'm the rnonev
Money always advances at this season. but has not
reached the legal rate. Should it go up very much
higher there would be influx OF money from Europe
that would check its advance"
"What effect would the Presidents death bova ,no
the commercial interests OF the countryi~
IL would have temporary depressing influence hut
IL would not last long The burdens OF the Governments
have been reduced and put in good shape that the
Seath or one man-howeyer much la'nented-cannot
Theodore Leggstt, of the firm Francis H. Legcett
bling grocer anticipates heavy fa trade a ae bS sS
ms upon the volume Of trade for the weeks
There d. is every indication" he said large vol
activity 1.-TWO years ago Southern merchants are now
the cronss Texas and oes are mainly from
south; little later they will from Virginia Ken
from the West viii buy their stocks in sepember nns
october comparatively speaking, the Southern ner.
count that s, their condition lew years sgo ago so
good in all parts Of The "0 country G a os are
tions being promptly met As regards our own trade
as Il has begun throughout the season' -'-NN
Co. an anmed room Of ~ csn
clerks, porters and trucKmen are busy bees In
g Io the may De seen making his selections
members OF the firm, said that there was good Igiti
good and healthy Mich Of the 81 soasSeSSs sfr put
he m Wsso mas Dsen already supplied Merchants
fares, are also beginning TO make their appearance
the failure in part S"V of Gs grain modified dns by
crops but Tor two reasons the volume OF business viii
not be much less than that OF last year One of these
reasons IS that there is surplus money in the conn
from the three successive good crops The other ra
son ia that cereals viii advance in price The beaitbr
tone OF business Is shown by the pronptness with which
merchants pay their bills IN al parts OF the country"
speculation 2" was asked. ~'e Sf-''' %
There Ii no speculation in legitimate On sness Thor.
was some tendency In that direction about eighteen
months ago. but II did not last long. would not CON
slider II bad thing If there panic in Wall Street he
calse Dcn OF the money there engaged in speculation
would be turned back into regular channels The com
all by such crisis" ~
Mr. Dunn SAID further that hc considered that no per
manent aeprsoh oil business would follow The death Of
The employees OF Bates Reed Cooley dealers in
dry goods mt No. 34o Broadway, busy night and day
IN Shipping goods To the South aud West
hat sort OF trade are you having here asked the
reporter '"0
year as IL as now replied l.. NJ Bates the senior men'
Der OF the firm. lowing TO the long cold winter Iaat
year stocks were reduced TO n mimDn, ,nai Ise
necessary to Law in large supplies OF goods pn Is
true that there prospect OF the crops being light in
Will be felt later in the season Goods are not high hos
the prices are firm with tendency whatever toward
speculation southern merchants the most part have
bought their stocks, aud 1t may be added that thew
buy more largely with cash than any class OF
may DO said, incidentally that tnese people from tho
southern states nave shown keen sympathy with the
President they seem 10 regret his condition as much
people of the North There every reason 10 believe
that the prosperity which set in three years Will con-
II. c. Pedder, of the firm of Arnold. Constable & Co
SAID that there was every indication large fan trade
Judging their sales far this season Ire yome %;
business would be fully large last year While The
sales III some degree in those particular states
the prosperity OF other States would make up the loss
the best features OF the business the country at
retail rent was e PsOpt Anpep GOOD on the part Of
their eautlon-leaned IN the stress of hard times
than many Regarding the effect OF the President,
DEATH shoud he de- Mr.. Pedder said that he had NO
affected by it, Ihe uncertainty of the Presidents reeo
cry during the last sight weeas had prepared the public
Our summer trade" said of the firm OF Tiffany
Co, has been larger this year than it has ever been
have large volume of business thus fall. There seems