The Providence news. (Providence [R.I.]) 1891-1906, 1903-08-14
1903 A RECORD
BREAKING YEAR
Wall Streets Troubles Have. No
Effect on Trade.
ALL SORTS BUSINESS RUSHING
New York Thronged With Buyers From All
Over the Country and Wholesalers
Are Rushed.
ALL SORTS BUSINESS RUSHING

and with sales in nearly all lines ex-
ceeding. AMI in some cases quadrupling
last seasons record business, wholesa e
dealers in lines ranging from toys to dry
goods today predicted for this season
the greatest business in the history of the
city.
From all points OF the middle west
Texas and Arkansas. as we'll as nearby
points, ouyecs are focking here. The
Merchants association through its ac.-
ing secretary, H. ID. Dumont said 10 a
reporter yesterday that their register
shows Is per cent more buyers I'm the
city than at this time least year, when
a record was made Further increase
is expected within the next two weeks.
the heaviest rush OF buyers being due
between Aug. % and &c.
The feverish condition OF the stock
market and failures in Wall street. whole
salers aver. have had no effect whatever
upon general business conditions through
out the country. They point TO their
sales as the best proof OF their conten-
ton.
Particularly significant OF good times
was the CLASS OF BOOuS WHICH sHOWtu
the greatest gain in soles over last year.
This was toys. and ii was pointed out
that lines OF this kind are the first 20
feel the approach OF commercial depres-
sion. When people are compelled 10 econ
omize they begin with luxuries. Acting
Secretary Dumont OF the Merchants as
sociation said:
From All parts OF the country the
buyers report hourishng prospects for
is fr Of nd hn oil
OF the buyers who come here. They are
busy. They buy quickly and return to
their towns and cities as soon as posi-
BILE. This in Itself is a good sign. II
shows that they are so busy at home
that they have no time TO waste here.
COLLECTIONS GOOD TOO.
"All reports can be summed up In two
words. 'unprecented business Fifteen
per cent more buyers are In the city now
than at this time last year. We ex-
pect still more. Four thousand buyers
before the middle OF September Is the
number we figure upon
Mr.. Dumont's statement was fully cor
roborated by a number Of wholesalers.
George l.. Putnam Of Sweetser. Penn
brook & Co. dry goods wholesalers OF
374 Broadway, said:
There are large numbers OF buyers in
the city. There seems 10 be fully as
In former sessions. They all seem 10
be in need OF goods. Sales are good.
Our July sales exceeded in amount any
former July I'm our experience.
Our collections have been good and
there Is no indication that the Wall
street troubles have had any apparent
effect in the country"
John G. Eames. vice president and gen
eral manager OF the II r. Claflin com
Declared
better; that buyers were plenty and that
reports from all sections OF the country
showed continued prosperity. Mr..
Eames said:
The Wall street depression has had
little or no effect on the general pros
porous conditions throughout the coun-
try. Our business was never better than
now. Buyers from all sections are in
the city In large numbers. and their large
purchases are the best possible indca-
tions OF the state OF business I look
for better season this year than last"
President A. ]. Powers Of the Powers
Mercantile company. n large department
store Of Minneapolis. Mimi, who is In
city, buying for his concern. said:
WAGES ARE HIGHER
when I came here / was asked if
business was as bad I'm our section as
reported. This was complete surprise
II. AS an answer to the question I
produced balance sheet showing the
business done In our store on the day
before | left Minneapolis. II showed
a total Of $4,000 greater than on the same
day year ago.
Wages we're never higher. than now,
crops, though not quite so good as last
year will bring better prices. and the
general business conditions were never
an da-
preston effects New York perhaps, but
not the middle west"
Major c. II. Miller, who represents a
depa rtment store az Chattanooga. Tenn.
said: "I am in the city buying 10 meet
the demands OF the greatest business
prosperity ever known IN Tennessee.
Similar conditions exist everywhere I
have been in the south. Tho cotton crop
is a little bit of. hut the manufacturing
interests were never better. Wages are
the highest in history. Money ts plenty
We don't hear anything about Wall
street. We're too busy ~ mind This
sounds odd. but It's true. You can cay
that the south II booming and that pros
perity reigns"
said: Nebraska and neighboring states
Just now are buster than ever before.
Thir viii be the greatest OF business
years. according TO ell sgns'
William l.. Foley OF Houston. Texas. a
largo merchant In Texas. sold:
81 have been through Texas. Alabama.
Georgia, Mississippi and tho Caroiinas I
never saw the prospects OF the whole
south - good and 80 promising "a they
are today. The grain. the wheat. tho
oat crop II made and fine.
The cotton is from three 10 four
weeks late. The plant - very strong.
healthy and promising. and I wish 60
say that I'm my whole experience NOR
chandit'ins 10 years In the south I never
saw 80 good prospects for all the south
as there are today"
Whenever 7 get an umbrella" said the
prudent citizen. II put my name on a."