St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1886-09-28
TRADE PROSPECTS.
They Seem Good III all Cities of the
Country Save sam Francisco.

NEW YORK, Sept. 27.-The World this
morning publishes long review. in which
it shows the great prosperity in the various
trades:
The hustle and activity in the dry goods
district is apparent to all who visit that part of
the city. Big jobbing and commission houses
are lighted up at night, and sidewalks numbered
with bales and boxes ready for shipment to
steamship wharves and railroad Offices. In
Philadelphia the revival of business seems to
be genuine and solid. Merchants of all
classes, commission men, jobbers and retail
erS, are beginning to look forward to an
commonly heavy trade. The great fall dry
goods houses, the wholesale grocers and the
dealers in staple merchandise are working
night and day. The great manufacturing dis
tricts OF Kensington, Richmond and South
wark cannot turn out goods fast enough to
fill their trade orders. The general opinion
of business men here is that this is not
merely boom, but healty revival after
season of unnatural depression. In the iron
trade business has increased fifty per cent.
since this time last year, and the demand
for coal is enormous. Capitalists and
manufacturers are still very cautious about
making large contracts on account of
the uncertainty still existing as to the sta
bility OF engagements with operators and the
existence Of strikes in some quarters, but on
the whole the relations between employees
and employers are harmonious. The Boston,
Mass, dispatch shows the same bright out
look. The Atlanta, Ga, dispatch says, that
there is marked revival of business in this
city is now placed beyond question. The as
sertions growing out of the prohibition dis
pute that business had been injured, has
made the discussion of this point very promi-
nent. There are eight railroads centering in
Atlanta and the outward freightS upon them
is regarded as the best index of the trade of
the city. Ali report heavy gain in business.
In interviews with merchants and manufac-
tuners of all classes it was accorded that the
fall business showed an increase of from 20
to 40 per cent. over the same date last year.
There is marked falling off in credit BUSH
ness, country traders purchasing with cash,
which shows that Atlata's commercial terri
tory is standing we'll. In dry goods, hard
ware and agricultural implements, great ac-
tivity exists. The drug trade seems to be the
only one which languishes. The San Fran
cisco dispatch says: Business in this
city is very quiet and there is lit
tie appearance of a revival. During
the past month the three heaviest failures
ever known have taken place here. By the
suspension of Keane Bros, Hobart, Wood Il
Co., Hoffman & Co. and Bum & Co. more
than So, 500, 900 has been lost. The Pacific
coast failures for August were II, against go
for July. The exports from San Francisco by
sea during July were SO, 100000; for August,
81. $50, 900. Wheat and -four exports by sea.
July. S1.350. 000; August. 81. 100000. Exports
of treasure, July, Sl,51O,000; August, Sl,1S0,-
900. The fact is, the competition of the
Northern and Canadian Pacific has cut largely
into the trade of this city. The merchants of
Southern California now buy almost wholly in
the East instead of here, and the merchants
OF Oregon and British Columbia do the same.
The local trade has not increased in the same
ratio that other trade has fallen off. There
has been very large number of failures of
grain growers, mostly in San Joaquin county,
and the liabilities have been heavy, with
small assets. This loss falls mostly on local
merchants, who are obliged to carry large
line of credits for farmers. However, there
has been a very heavy wheat crop. The wine
crop promises TO be 100000 gallons, or
more, and the raisin crop between $780, 900 and
7OO 0Oe boxes. Fruit growers have all done
well. The orange crop also promises to be
fully as large as last year, when over 1900
carloads were sent East, besides those kept
for the home consumption. The extension of
the Southern Pacific through the coast couu-
ties is having good effect on business, many
large ranges beng cut up ana settlers coming
in rapidly. New towns are being laid out,
and business men are establishing branches,
which all help the San Francisco trade.