New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1889-09-15
BUSINESS MEN CHEERFUL.
SOME OPINIONS FROM THE s.DRYGoODS"
DISTRICT
MERCHANTS ELATED OVER THE CONDITION OF
THE TRADE GOOD CREDIT AND
BRIGHT PROSPECTS.


chants in the Dry goods District" t may easily be
seen that New-York and the country at large are
enjoying degree Of prosperity which has surprised
she most sanguine believer I'm good tmess good
credit and solid market The gain, IT seems, has
been a steady one beginning some months ago and
continuing until the present with such encouraging
prospects shat shrewd, far-sighted business
free to express a decided opinion that the condition
of prosperity is TO go for some time least Tue
opinions of those quoted those OF representative
men engaged in the varius branches Of the drygoods
and woollen trade. The houses with which they are
connected are among the very largest of the big
cities and they have dealings with almost every, if not
| every important town in the United States.
There is buOyancy TO the New Y ork trade which
is evident to all of them, and they profting by
the opportunities Indeed, an amateur who visits
one or more Of the big firms in the city Is likely 90 be
struck with the encouraging condition of affairs
One may hear equally cheerful reports from many
houses than those quoted and these opinions
the reflection Of the general commercial feeling in this
| city.
Colonel William l. Strong, when seen at his office
at No. rs Worthst., said: "Your question be
answered in half dozen words: The condition Of
| trade could not be better That covers the whole
ground, but by way of illustration can say that there
has not been in the last four or five years such an en-
cOuraging and satisfactory to the market there
is now. All the big houses doing an extensive
business, larger in fact than for some years Nor is
| this condition of affairs in any sense local SO that
when you ask where the signs of prosperity
evident say everywhere. As for credit. easy terms
and security there has been I'm the history
Of the country the like of it, 1t cost little
guarantee ones self Generally speaking. payments
made with moro and there is less risk than
ever before Every industry in the West 10
be ourshng and the East is steady and trustworthy
with healthful, strong action In the South trade
and credit are on such footing that they far
superior 70 those of any year since the Indeed,
think credit good in the South for in the
prosperous times before the there trouble
about payments"
When asked if he thought that the prospect Of New
Yorks having the Worlds Fair had had a tendency
stimulate business activity, he laughed and said: Oh
this state Of things is the result of general pros
perity. 1 don't think that that has had any effect
upon business or will have until 1871, possibly.
But, Of course" he added cheerfully we expect to
get it. and that makes all feel good"
Daniel Robinson, of Clafin Co.. No. 224 Church
St, spoke in exceedingly encouraging terms. There
was stir and activity about the big establishment
which gave evidence the truth Of the general opinion
Of good times Everybody unusually busy, and
the small army of employees darling here and
there among the hundreds of packing cases on the
floor. Here is the opinion of Mr. Robinson:
Our sales this season have been larger than they
have been for five years. This is not only the case
with us. but with all the big houses in the CITY, We
have had most satisfactory year in every respect
II has been easy TO make collections and credit Is good
everywhere. There Is growing confidence in every
part of the country. The present prosperity
in the trade has been equaled in some years
The South has been steadily gaining year by year
and its record of to-day has never been surpassed by
itself. No. can't point 10 any special part Of the
country, for the reason, l said before, that see
the same broadening prosperity all sides. The
prospects for the coming year equally gratifying
No, do not think that the Worlds Fair is the
stimulan The broadness OF the commercial field
shows that But then expect the fair come here.
New-YOrk occupies the position in this country which
Paris holds to France and London 10 England. 1t IS
the centre Of America commercially and financially
as well as in the many other respects which make it
the suitable place for the Exhibition In the mean
while business is good simply lis merits | am
perfectly satisfied with the course and tendency of
affairs and the outlook
This is the opinion of Edward H. Ammldown NJ
No. IS Worth-st; A broad view of all the grca,
interests of the country, the whole would lead Ms
TO expect general prosperity. There are some quail.
fcatiOns. The wheat crop of the country will I'm. |
doubtcdly be the largest produced. The corn
crop, already sufficiently matured TO defy the frost
and the worms, will almost certainly be the largest
this country ever produced. The supply of pro |
visiOns-beef pork and lard and all the |
great items which under the head |
of provisions, is in unequalled abundance |
Is
cents per bushel lower than last year corn is in the
Of 10 cents busbe less than last year
The prices of the leading items of provisions were at
least 80 per cent higher year ago than they are
to-day, and the leading manufacturing Industries Of /
the country with the exception Of the iron Industries
and those most favOrably situated are not yielding
results Accompanying this condition of
things IS an increasing demand arising the Atlantic
Coast, all along east of the Aeghanes in favor of
DIN
Of the largest producing interests Of the country At
The time, frequent exposures Of startling frauds
and populations destroying confidence and dis
many from undertaking enterprises.
"Whe these the general features of the situation
II must be admitted that merchants, as rule are in
healthy financial condition. and are meeting their
obligations promptly The magnitude of the trade
doubtful it, any former time. the merchants Of this
country were more prosperous well able TO
meet their obligations maturity In Wow Of this
general outlook he would be bold who would
Undertake to predict the future
Cornelius y. Bliss OF Bliss. Fabyan Co.. said The
business done by iObbers during the last half year
lad been almost phenomenal and that all indications
Ointed 10 continuance Of this highly satisfactory
condition. 1t was no eXaggeraton, he thought, To
ay that the volume of business was now greater
han # had been In some years Credit was remark
IDLY good and payments were made with ease We
ONE In contact added Mr.. Bliss, ." with iObbers In
very part Of the country, and / feel Justified in
aging that not only New-York merchants. but those
II the whole country from Portland 10 Galveston, and
rom the Atlantic TO the Pacific, enjoying their
ull measure of prosperity The fall trade has opened
With great deal OF veness and ! see reason
Why this should not keep Everything is very
satisfactory, that do not what one can say eA-
epl that we'll satisfied"
Mr. Tefft, OF Teft, Weller Co.. spoke IN an
,qnany encouraging manner. He summed up his
words by saying: Business IS good better than 10
ias been for long time. We all busy all salts
leu ana cheer full about the future"
George r. Stcdman, who represents the Lorraine !
ahuiact turing Company, at No. 23S Church-st said
WISH 10 any Of the large JODDluG
Houses VIII satisfy any one who Is
Interested that the autumn trade IN dress goods IS
drsef ana earlier than II has been for years.
arge number OF duplicate orders have been given at
MS early stage OF the Some large houses who