Western sentinel. [volume] (Winston [i.e. Winston-Salem], N.C.) 1856-1886, 1884-01-10
A TARHEEL IN GOTHAM.
NEW YORK'S NEW YEAR, AND
HOW II Is SPENT.
a Cursory Glance Through tho Past II
Months, stock "Elurries," Castle
Garden, Etc.
(Special Correspondence Of The ss1tincl.)

(Speciai Correspondence Of the Ssxtincl.)
New York, January 9TH, 1885,
With the sleigh bells jingling in their
ears during last week, the followers of
fashion have found it irksome some
times to attend to their prescribed So
cial duties Visions of Il dash through
the park, where the trees are robcd iii
erlnine the road white and hard, and
the air fairly dancing with the exhil-
arating music of the bells, have proved
irresistible. Almost every one has
found time for at least one sle;gh-ride.
One of the first to appear on the gilt
tering road was Colonel Kane. His
clipped roans, with their new unblack-
ed harness, and Russian bells, made
one of the prettiest sights upon the
avenue.
The year 1888 has not been an al
together satisfactory one in business
circles down town. 1t has been for the
most part a year ofdepressed value in
stocks as we'll as in the natural pro-
ducts of the earth. Speculation has
! been fairly active SO far as the volume
| of transactions is concerned, but le
sitimate trade has been dull. it is
| doubtful if there are 50 many rich
men at the end OF this year as there
were at tie beginning, and of those
who are ricn it is possible that but few
can count up so many dollars as Oh
last NeS-,I Years day.
There has = number Of ''fur-
ries," as they are called, periods of ex-
citcment in the speculative markets,
and one or two have been witnessed in
stocks, more intense than at any time
since the panic Of 1873. Still there
have been absent any Indications of
such depression As existed for several
years after that panic, and here and
there are signs of healthy certainty.
In -four, cotton, sugar, coffee, tea and
many other trades there has been a
paralyzed period of dullness and III
some cases bordering on stagnation.
The builders and architects Of the
city may class 1888 as very satisfac-
tory year, and while there has been
some disturbing agencies Mt work i'll
the line of labor troubles, it has been
on the whole, u year Of busy money
making The total expenditures, ac-
cording to to the estimate attached to
the plans filed nt the Fire Department,
| falls somewhat below the aggregate
for 1882, and the number of buildings
also falls below the total for last year,
BUT not to such an extent as to indi-
cate the coming on OF period u
stringency in the building interests.
The few remaining available vacant
lots below 59th Street have been grad
uallv filling up until now it is vsry
difficult to find on7 for the placing OF
4 choice structure.
4 search into the records kept By
Superintendent Jackson, Of Castle
Garden, reveals the fact that while
immigration has decreased the people
who have arrived are Of Il far better
class than have been landed on these
shores for over ten years. There IL a
marked decrease i'll the pauper element
while good lsborers from all countries
have have come in larger numbers
than before. Germany, especially,
has sent skilled mechanics who have
been employed in factories throughout
the country at wages far iii excess oi
those paid for the same labor in the
old country Another Noticeable tea-
ture of the past years immi grsIion ha"
been the influx of we'll to-do farmers
from the British Isles, especially Scot,
land, who have purchased their own
lands in tho West, and with their own
families have settled down to 4 lie oi
industry. TAEiEEL.