Savannah morning news. [volume] (Savannah) 1868-1887, 1885-09-18
HARD TINES END ATLAST.
PROSPECTS or A BRISK FAIL
AND WINTER TRADE.

AND WINTER TRADE.
| A Great Improvement In Business Re
ported by Merchants Ia All Lines-The
Markets Showing signs Of Lively
seasOn-An Encouraging Outlook for
! Southern Dealers.
Business men are congratulating them
/ selves on the outlook for a prosperous
/ fan and winter trade. The wholesale
/ dealers and Obbers in Savannah, a num-
/ Der OF whom were interviewed by a NEWS
reporter, are practically Of one opinion
regarding the present encouraging 0tate
/ OF trade and the probabilities for it's con
/ tinuance. They attribute the return to
| profitable business ia a large measure TO
the fact that the wildly speculative craze
Ia staple products in the large markets
engendered by the war and It's attendant
exciting circumstances OF creative wants
and fictitious values spent itself almost
decade ago. They are equally Of one mind
In the belief that for almost the first time
IN quarter of century the great COM
mercial interests have been brought TO a
realizing sense OF the importance Of
economy, the adoption Of conservative
methods, and the application Of strictly
business principles to the smallest detail.
NO less unanimity prevails as TO the
prospect of permananoy for this revival
OF trade.
"TO tally estimate and properly ap-
preciate the varied causes leading to the
present improved condition Of business"
said leading merchant who has
been closely watching the situation, 'it is
sufficient to 90 back but few years.
Everybody remembers the boom Of 1SS0-S1.
1t collapsed almost as suddenly az it
came. At that time prosperity had APP
parently reached its highest point. But
it was not prosperity. The eager sugar
hunters had tapped the tree before the
sap was above its roots. The apparent
prosperity in business about that time
and the quantity of goods produced We're
predlcated on prosperous times, which
seemed TO close without any previous
notice. The consumers then began to
ecOnomize, and have been doing so for
nearly four years. The reduction
In the volume Of their trading
quickly created surplusage in all
classes of merchandise. AS a cOnse-
quence prices began to decline, and did
50 for over three years without cessasion.
Ihls IS 80 especially In the dry goods
trade. The retailers and small dealers
continually reduced their stocks until
they reached a low standard. The con-
sumers have used up the stores accumu-
lated during the era of low prices, the
tCDup4AR Vi lut people mas IbdC0Gu us
limit, and hence the activity.
"Hhe enormous surplus, the natural
sequence OF all these things, eventually
brought about a reduction in property
and IN prices that not only en-
forced reduction in the production
of goods. but a liquidation OF
every businessinterest. That liquidation
radiated in every direction-frOm retailer
to i0bber, from factory to bank, from rail
road to iron mill, and its processes have
been going on ever since, and up to
within three or four months ago. About
that time II began to be evident that the
other extreme was being reached, and the
consumption had approached the measure
and volume of production
The wiser and more prudent of business
men unite in saying that it is better for
manufacturers to have their goods sold
ahead than to be looking for pur-
chasers for goods ahead. The low
prices OF farm products the best BUSH
ness men esteem paramount to be con-
sidered as the factors in economies yet
to be practiced by the actual consumers
OF the articles produced. Good prices
for corn, wheat, pork. beef, ETC., moan
good business and fair profits. The
prices of what the producer has TO sell
will be the sign manual Of the increase of
the prosperity among those with whom
he mas to deal up to the fountain head.
Every large stocks are carried by our
wholesale houses, vet there are no signs
OF eXtravagant speculatives buying. One
Of the most fiattering features of the situa-
ton rests in the fact that large houses,
which heretofore in the natural course of
business would at this time be borrowing
money to pay September bills, now have
money In bauk--the outgrowth of causes
before stated-with which to meet matur-
ing bills"