Morning journal and courier., 1884-07-16
THE BUSINESS OUTLOOK.

Views of Prominent New Haven Mel
-Representatives of Various Board
| of Trade and the Tndustr1es-Antfc1
patfons That a Decided Business Inn
provement is at Hand-The Larg'
Wheat Crop a Factor in the Indtca
tfOns-Other Indications.
The views of various prominent citizens a
to the general business outlook in the coun
| try are given below. The opinion entertained
is that the period of depression which ha
prevailed for months past is succumbing be
fore the approach of decided improvement
of business and return of confidence. Tn
change they attribute in part to the grea
| promise of the wheat crop and the indica
lions that a large portion of it will be wanted
| abroad, and also to the prospect that thert
/ will soon come increased demands upon tn.
| manufactures. They also believe that mer
camille and manufacturing interests are upor
| a more solid and substantial basis and that
| the element of speculation and wild schem
| ing has had a set back which will result il
wholesome fruits.
Ex-Governor Bigelow was found by the re-
porter busy in the transaction of business
He said: Yes, there are good signs of an i'm
1
| country. L look for boom in business next
| spring. We shall feel touch of the better
feeling in the fall. Next spring times will be
| brisk"
| Mr.. Nathan H. Sanford was of the opinion
| that by the fall business generally throughout
the country would show decided gain and
| improvement. The immense wheat crop
| would give great deal of work to many OF
| the great railroads, particularly as there was
a prospect that Europe would want many
| millions of dollars worth of the staff of life.
| The business situation would improve by the
influx of 500, ZOO, 900 or more into this
! country. All sections would gain in such an
| event. Then there were other signs indica-
tive of returning confidence in financial and
mercantile circles and of healthy improve
ment of matters in the manufacturing and
| mercantile world.
| Mr.. Monson, of Monson & Carpenter,
thought the signs of the times all favorable
| to an early improvement in trade and bust
ness throughout the country. The period of
stagnation would ere long undoubtedly give
way for the approach of healthy business
activity and an increase of prosperity.
1 MI. Jiln6S Oh JdLl6S
| Co., the brass founders on Wooster street,
| said that the outlook was frightening. In
| his own business there were indications of in
| creased activity. The abundant promise of
| the crops was another solid indication that
| the dull season was passing away, to be sue
| ceeded by general improvement in business.
| Mr.. Max Adler, of the great corset manu-
| factory on Court street, said "This is and has
been for some time a period of uncertainty
1 4 ;et. inf no hT1ci Vo1r
| are uncertain and fuctuating and manufac-
turers hesitate to strike out or manufacture
for anything but present and immediate de-
mands Then the merchants buy cautiously
and only for present necessities. But with
| the crop prospects and the wholesome fruits
of the lessons of the past reverses and other
indications see reason to anticipate decid-
ed improvement in business before long"
Mr.. S. J. Hoggson, the manufacturer,
thought the outlook at present rather impos-
sible for any speedy resumption of driving
times, but thought the country was working
out of the dull period
Mr. Philip Pond, of the Board of Educa-
ton, was quite confident that the indications
of the times point toward decided improve
ment in business. There were good indica-
tons that the period of distrust and lack of
confidence was passing away, to be succeeded
before great while by a period of solid
prosperity based upon q wise conduct of
on the safe plan.
Mr.. Charles NJ. Proctor, of Proctor, Ma
guire & Co., dealers in dry goods, thought
the business outlook for the fall in his line
was good. "Our stock is low at the present
time, he continued, ''our spring trade hay
ing been very good. Trade was better this
spring than last. Prices were on the decline
last year and we were obliged to meet the
prices of forced auction sales in New York
and other cities. But prices have reached
rock bottom now and we look for a good le-
ultimate fall trade. Manufacturers are not
overstocked as they were a year ago. We
shall keep our stock down and sail close to
the wind Yes, the outlook for the fall
trade is favorable"
Maier Zunder, of NJ. Zunder & Son, whole
sale grocers, was asked about the prospect
for the fall trade. ''Well on the whole, the
outlook is not very cloudy" he said. 1T
will say that my business is not very flourish
ing at present, but it was no better last year.
do not see anything alarming, and further
more, can say that I sincerely believe that
the success of either party in the presiden-
tial election will not affect business serious
ly. The depression in stocks has had some
effect on business. There are perhaps fifty
or seventy-fve men in New Haven who deal
considerably in stocks. They are men who
have capital and their investments are not
paying well as they expected, their
quarterly and semi-annual dividends
are not coming in as they expected. Con-
sequently they are not putting out any more
money, but are keeping it idle. So through
out the country, and it must have its effect
For instance, I know a gentleman who was
intending to buy fine carriage. The other
day [ asked him whether he had bought it
yet OF not, and he said he had given up the
idea, as his dividend hadn't come in. But
the opinion of our bankers is that there will
be reaction and that trade will be good this
fall
Mr.. J. B. Sargent said: ''I can't tell any
thing about it, One mans guess is as good
as anothers. My rule is to trust in God
and keep your powder dry"
Hiram Camp, president, and Frank E.
Morgan, secretary and treasurer of the New
Haven Clock company, thought there was no
reason why the fall trade should not be good
They said it was too early to tell definitely,
as the buyers from the South and West have
not begun putting in their orders yet
Messrs. Henry F. and John NJ. Peck, of
Peck Brothers & Co., manufacturers of brass
faucets and plumbers materials, appeared to
be cheerful regarding the fall outlook. Their
business was good at the present time;
more orders were in than could be
filed at present. The atmosphere had
been cleared by the failures and
there was no reason why trade
ers in stoves, which is always best at this
season of the year, has been ususua1ly good
this summer, and that is an index of trade in
brass works and plumbers materials. The
favorable outlook for the crops would GER
tainly give an impetus to trade. In the
opinion of Mr.. H. F. Peck the rule that bust
ness is dull in presidential years does not
hold, as it was very good four years ago and
promised to be this year.
Well, guess you find it all one way
quiet, said Mr.. Henry Killam when the re-
porter stated his GRAND. " AS for the fall it
is rather early to tell yet. We are not run
ming with our full capacity now. am in
clined to think the business will be dull I'M
til this election is settled. But trade ought
to be good next spring"
Shall 1t BE Dissolved?
Yesterday forenoon before Judge Stoddard
of the Superior court motion for the dis
solving of an injunction was heard. Foskett
& Bishop had attached property in the CARL
Opera House in suit for debt of about
thousand dollars. An injunction was issued
against the removal of the property, such as
stage appurtenances and furniture, and Eos