The Penn's Grove record., 1903-09-18
PROSPERITY WILL STAY
opfnis.ic Rercrts From Nerlh, East,
South and West.
RECORD CONDITIONS PREVAILING

Adviccs .:cceiycd by tho New York Herald
From Many Districts Arc Unanimona
II Predicting an Era Of Continued Cool
T;mcs-commercial Agencies Report
That Trade is Importing G=Ecrrily.
New York City.-The Hcrall Gays:
Merchants. manufacturers and bank
crs express themselves as satisfied
that no diminution Of our Ia icral pros
perity is in sight.
The only note OF Golbt, AID that
a smothered one, is heard in New York
City. Elsewhere the confidence is
shared by all. 4
No financial stringency is Reported,
save in the metropolis. From the
Middle West word is sent that the
country banks are not asking for any
assistance in furthering the process OF
moving the booming crops.
The steel companies are proceeding
in a ann suggestive OF commence
in continued prosperity
The farmers of the South were never
so well off, other crops besides cotton
bringing in munificent returns. On the
Pacific coast business is Yin a most
satisfactory condition, eve$ industry
reporting brisk trade anf excellent
prospects.
The mercantile agencies do not report
any more failures than at the same
period a year ago. Trade journals
print symposiums from their corre-
spondents in various parts of the coun-
try that bespeak an optimism almost
unanimous.
No reductions in wages are reported
in any part of the country and the
stoppage Of work in New England cot
ton mills and Pittsburg glass works is
declared to be merely temporary and
not significant as regards future con
sumption Of finished products.
The steady progress toward pAQce in
the local building trade situaD0n is
taken to indicate a resunapton of
easier money. for it is estimated that
with fifty thousand men idle here all
summer at least $780, 600 in wages has
been withheld every week from circu-
lation in channels where the tide of
caSn GODS II nOWS.
The transient buyers have brought
more money to New York this autumn
than ever before, and they have left
more extensive orders and taken away
with them better qualities of goods
than previously.
This has tended to offset the undeni-
able dizziness in the wholesale dry
goods district that has prevailed for
some time.
The shrinkage in stocks and the dis
turbed conditions in the labor market
here do not appear to have had any
appreciate effect upon the men busy
in the factories, the mines and the
fields. and who are not in close touch
with New York City, for they express
the greatest confidence i'll the continu-
ance of good times.
At Bradstreet's Commercial Agency
it is felt that local conditions are stead
lily improving. Each week ees a re-
sumption of work OF more and more
buildings in this city.
The f~ar-reaching effects of the
troubles in the building trades have
not been appreciated by the average
Brickyards uD the Hudson were
idle all summer. That was a quick.
direct consequence of the strikes and
shutdOwns. At the same time the lum-
Der trade felt the curtailing of demand,
and this depression extended all over
the Eastern States. The steel apf1in0p
business suffered, and ali workers. fh
wood soon felt the effect of diminished
building operations, as did all allied
trades.
In the West building has been steady
and increasing in extent, and the metal
and lumber trades have enjoyed con
tinued prosperity.
There are no more failures reported
now than in the corresponding weeks
a year ago. There are a few large
failures reported all over the country
where the liabilities exceed 100000
or $150,000, but the small dealers and
the merchants are paying their bills
as they fall due, and the banks report
no unusual requests for loan exten.
siOns.