New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1890-09-14
BUSINESS PROSPERITY.
A Confident AND CHEERFUL TRADE

covr,DrSr AND CHEERFUL TRADE.
.rx,s VIEWS on THE ACKNOWLEDGEMENTS
PROSPERITY OF TIE soUTH-PRoMIsE
OF GREAT COTTON YIELD
OTHER CROPS.
The prosperity Of tho people Of any country depenus
.nat n,tcnt upon the degree Of confidence felt by
| the people themselves In the administrator y. ~.
/ r,,rs NJ the Government OF course matcr*i p'o''
nertv also depends largely upon cond'uoh'' SUI" y"
Tho success of the harvests or convenieh. n"'
| for products but with all other cohoitioh' i"'
and confidence lacking. the development OF prospe.y
would be slow and unsatisfactory II "". 90 ~.
| checked IL Is the most perfect OF tributes " NV
re..pt Administration In this country that an era VI
almost unprccedented prosperity has followed CLOSELY
| unon its establishment In power. Representative me-,
~ s trades and pursuits, regardless OF po'' a""
tions admit that the present prosperous cohuton GA
10 h,rvcsts. reports show that some Of the crops
| were never more abundant. The cotton crop no"
bc,ng gathered and marketed will be- some men say
a largest in the history OF the country, cstlha,es
| n,oc,nc II at from 100000 to 100000 Daies'
Placing the minimum value OF the product NJ 'o"''
pound dhe present average price Is lo34) the riop'
they say represents In money no less thah F'''''''
600 an increase Of nearly a1OOOO,OOO over inc '"'
~ tho crou OF 1889 and that. too was the largest
ever harvested Th, abundant harvest has, OF course
had happy effect In developing the prosperity OF tho
! sou,b but other conditions at work there have Deeh
| equally favorable. and that part OK the couh'. II
rising rapidly to a condition OF pleasant comparison
with the rapidly developed anu Nv"
rich country Of the West. One OF the happieso ie"''
urcs Of the smoothly flowing tide Of prosperity IS 'hat
il reaches all trades. Industries ana pursuits "' "
| as all districts and sections.
While there Of course differences IN oP'o'' III,
tercsting and encouraging views arc given 10y promi-
ncnt member, Of the Cotton Exchange In regard 10 thc
| outlook for business for the Exchange. charles W.
Idc the popular president of the Exchange said " NV
feeling that the outlook for business on the ExchahSo
| is favorable. Ny are that the cotton trahe
| zoe, into the year with comparatively small supply
left over from the last crop Trade in Great Britain
and on the Continent In cotton goods /, excellent
| A. good, a. has been known for years. some OF
the mills there under contract until next 'iareh'
In thi, country the mill, doing very WE'LL
and the demand for cotton goods i exceedingly large
80 that think that all over the world there Will
he 4 demand for cotton.
THE question Of the crop. however. Is one of I'M
| certainty | think that II l. extremely Doubtful
Whether this crop viii exceed that Of Last year The
probable good demand from tn" consumer and the nm
certainty Of the size II the crop factors whI'i
are Liable tu Gurtuation> In price,. and Their"
fore large spccul,tioris In cotton The price Of cotton
Is not higi at the beginning OF the season. IL +
rents lower than IT was at the beginning Of the month
| II .r1y. THIS ft /, likely To- cause considerable
| huying This i about the situation "A, look at II.
Lary. cou.unp"n and the uncertainty 81 the size OF
| the crop Will boom hi.nn... The crop has IN
| dou, :cdly suffered In the la,t m"H'h eS'vcral
[ ,nur,a have o,,uf,r In London which affected pur
ma-r. notably that ~ Nt"nstrond. hut which did not
cause a >in-l" failure herr. We are M right
| : r Hula ar! of Hubbard. Price & Co.. former
.ccrrtay II III" Exchange. and An authority on thu
! trade sad The outlook for a prosperous year. be-
,vi- II Ind, alton that the growing crop may be
| , Lr.. one" TN, markrt doe, >u"'r from the
failure oi -t.crsttn'd III Liverpool. and merchants look
! for an accumulation In New York 81 ~'"k ~
cotton Lrccr the. last wear. Th" recent de- II" IN
cation w. ngc, hy IA" f"rr ~ advcr" "--laii"l
hy C"rt.">. which nrr,"nicd the usual pur haze hv
Incr.nn and f,Icic, .pinn"r> 81 contracts for the
delivery 81 their fall -uppy. The last years biN
n,., IN oar ~ rhargr coh."
Ilciy Ii"ntz. Of the largest cotton and coffee
men In the city, SAD that he regarded the cotton
outlook a, healthy superintendent Powers said that
there had been few failures In III" year and that H.
i-,hrd for a Prosperous ,clr 10 c"n".
Busy WHOLESALE ESTABLISHMENTS.
| tn scenes In and a,ont IN" establishments %! whole
ale mcr han', Just now arr Themselves "ridcn'"' o'
the h!.h tide of prosperity. \ visit I" the store o'
| the great dry.g",i, hons" II the H. u. Cl1fn Co.
u d,, or two ago. WIS iuli Il interest thousand
| 81
various floor ard imrncnS" piles formed ~ rolls o
,lth II all ,o.t> every hand. IL was almost
impossible !, grt through the crowd 81 statesmen and
hisrr, To- reach the Once, on ia" ,"r"d moor. JON
latin Ms plr..i talk nuni ~" business situation
Il don't ihiuk.- >aid h.. that the country wa> ",ri
u,nr" pr,>l"r"i> than IL no" l.. Tlcr + h"thinc
IL. mater wrh the hu>lur,> situation. The volume
II trad" /, crater than II ha> ever l.cn before. and
the profit, are better than III" average has been fo
MANY graz. In fact It may h" d"nhird whether IA,
average ever higher. on" very Ntr'n; ''dcnr'
-, ;,. i,aIcal condition uf IA" country l. IA" col
lc,t.rli,. n payments Promptly had" and IL
u.. .,y r>,., f,r t. >ulct,il, II rNi"-i"ii-. lo'
nav b. >i.rc that mI,ln'>, throughout the country Is
,,si collie, ton, more freely and promptly
| than uu,. The oul, con, fusion t. II" rarl u J.
that the .outry wa> more prosperous. There T.
Absolutely no tiuub. OF kind IN the present con
dt", II bu-nr>,. excepting perhaps IN" lr hing NJ
II too much MONEY the Treasury. The >"rr"tar,
II the Treasury however. making every effort 10 y"
tim, nli. aud 4, likely that h" viii succeed
Considering this prospect there + No apparent pi''a
hty that the money market will be'"mc m'r
stringent than II now Is
The danger Ia The money market from IA" pa, men
Of Guilc. on good, that would h. withdraw hastily
from bond ii to escape the enhanced tauh und"
the new lIil hts been great, exaggerated. The with
dr,a Al, raii have tho damaging effect predicted u,
some for tn reason that thu same gods ran h'
sold, al a greater profit than those imported under t
u,y hIiI Thu, the merchant merely pays ont II
mach cash Ia control -to'k That II ""i'
cost him more buy under the new conditions Th"H
s.,.u. to hr To think that IN" di'
| l, rmcnt, IL, the Treasury Department on account -
the prepayment ~ Interest. the purchase ~ bond
and coupons Will bc sufficient to ronn"rar the cii''
| Of inc rcasrd payments arronnt I duties.
Mr. Cl,hin expressed much personal qualification a
| fine evidences " increased prosperity In IN" south
where lie said. the increase In wealth Of late year
, had been steady and rapid Last year rrorlcd tn
greatest increase wealth In that part Of the countr
since tho war. rlvalling the brilliant development
| Of parts Of the West The purchases from the Souf
last wear he said greater than for any ot'ic