New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1894-12-21
A BETTER BUSINESS FEELING
COMMENT ON THE SUCCESS OF THE COT
TON GOODS SALE.

MERCHANTS AND COTTON BROKERS EXPRESS
sATIsFAcTIoN-RE OF THE M
PROVED COMMERCIAL TONE IN THE RE-
PORTS OF RAILWAY COMPANIES.
pe,,or times which. until the last election
had been so remote, foreshadowed In
the result OF the big sale Of cotton goods III '''S
city on Wednesday. The confidence whch puyc''
exhibited at this sale and the old-time ENTHUSIASM"
which is In prosperous days were FEATURES Vi
the sale which cannot be passed by without COM
ment The prices received for the goods were on'y
a trne below the ordinary selling prices anu ''e
ouicknoss with which everything was taken up mas
resulted In bringing to business circles hrous"o"'
IN. city an easier and more conhdent leei'hs DE-
fore the sale took place there was cohs'ue'do.e
doubt In the minds Of business men as 70 the a'
Visibility Of holding such an auction sale as tha'
advertised by Bliss Fabyan Co, Tor II WAS
Thought that the times not propitous Tor
gale Of that character and that the return OF bet
Ter times vas too far off for merchants to make any
extensive purchases The sale proved. however
that the doubling ones were mistaken.
There was a better feeling In the cotton market
Yesterday over the result OF the sale OF cotton goods
and traders EXPRESSED great satisfaction at the ex-
tremclv favorable prices obtained. one prominent
and influential business man In Wall street sdu thd'
the high prices which ruled at the sale ana the large
Attendance Of out Of town buyers was sure sign
OF returning prosperity In business ana 'ha' o'e
thing which the result showed was that business
men haf no fear OF the present incompetent Con
gross accomplishing anything further detrimental
TO the interests the country. and that the busi-
ness men we're going ahead on the right assump-
ton that the next Congress would look OUT TOT the
interests Of commerce throughout the land.
The comparison OF the SAFE OF cotton goods on
Wednesday with the one held in November year
AGO shows that the individual operations were
greater and that a. times there was disposition
10 take more than was Included IN inc ca.a'oS-e
lots MIR Bliss said yesterday that the sale was
entirely satisfactory In every particular Accord
Ing To the prices obtained there was some REDUCTION
,r' tho nreylous sale but the prevailing low price
~ IN. raw material Offset the differences In most Of
the lines sold "Wednesday
The reports yesterday from the drygoois aistrl''
were extremely encouraging. There was 10 'nAtera
Improvement in the general market but ne spot
tr. g. was active Drygoods merchants say that the
s,i. has removed An obstacle which has threatened
tho sur,ng trade In cottons and that a noticeaoly
better feeling now prevails
Hubbard Price & CO.. IN their daily circular. said
YESTERDAY IN speaking of the outlook fer the price OF
cotton and the big sale Of cotton goods;
The question Of higher or lower prices Simply cen,
H., new year encourage a large investment demanu
from tho trade 50 i"r ~ me ienann i I'm ~
ram ther mills at the highest rate OF consumption
AMI NH furnish the founl1tion OF a support OF
prices.
The success OF the cotton goods saie has revived
lntcr,.. !n the prospects Tor return OF prosperity
AMI one OF the most encouraging features OF the Sly
ua,on "a discussed In wall street is the vastly I'M
moved r.ports Of railway earnings in the last Few
weeks There has been an Increase In passenger
and freight traffic In the East and South the rail-
NV returns for the second week In December snow
ehot percentage OF Increase over the corresponding
we-k isi year and over the reports OF weekly eagn
lnss ths year In the West there IS an emcourasing
Growth OF westbound freight traffic. This shows
thaf the demand for merchandise Is increasing ana
/. on, OF the best symp' 0ms OF returning business
m. pIttsburg and Western road reports an increase
~ ~ per cent In gross earnings Tor the nrst Two
u,a.ks OF December. Chicago, Milwaukee and 81
paul shows for the second week Of the month de-
crease OF only So 236. against decrease OF t3' in
,b, nrcyous week The Louisville and Nashville
r"n,rts FOR the second week IN December an in
cr,,sc of SO3ao The ST Louis Southwestern In
creased 81 OO for the second week over the same
usNk last December, and the Texas and Pacific re-
norts an increase OF sl66i7 for the same time. In
some other roads the ratio OF increase Is greater and
on nearly all roads there IS an appreclabe differ
,,,,- -, A..
part OF merchants 10 Increase their stock as In,
stanced In the sale OF cotton goods and an Increased
demand from out-of-town business men FOR money
| mr., factors which have appeared In the last week
] and which mean better times.