The Abbeville press and banner. [volume] (Abbeville, S.C.) 1869-1924, 1903-09-30
BALF0uR0NFS REFORM SAY PROSPERITY WILL STAY
Optimistic Reports From NoTlh, East,
South and West.
RECORD CONDITIONS PREVAILING

Advices Received by the New York Herald
From Many Districts Arc Unanimous
in Predicting an Era o. Continued Good
Tincs-Commercial Agencies Report
That Trade Is Improving Generally.
New York City.-The Herald says:
Merchants. manufacturers and bank
ers express themselves as satisfied
that no diminution of our national pros
perity is in sight.
The only note of doubt. and that
q smothered one. is heard in New York
City. Elsewhere the confidence is
shared by all.
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 CT
moving the booming crops.
The steel companies are proceeding
in a manner suggestive of confidence
in continued prosperity.
The farmers of the South were never
so we'll off, other crops besides cotton
bringing in munificent returns. On the
Pacific coast business is i'll a most
satisfactory condition, every Industry
reporting brisk trade and excellent
prospects.
The mercantile agencies do not report
any more failures than at the same
period q 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
tor mills and Pittsburg glass works is
declared to be merely temporary and
not significant rs regards future con-
sumption Of finished products.
The steady progress toward peace in
the local building trade situation is
taken to indicate resumption Of
easier money, for it is estimated that
with fifty thousand men idle here all
summer at least $500,00O in wages has
been withheld every week from circu-
lation in channels where the tide OF
cash ebbs and flows.
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 dullnesS 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 ha Id any
appraciable 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 in the continu-
ance of good times.
At Bradstreet's Commercial Agency
it is felt that local conditions are stead.
lily improving. Each week sees 4 re-
sumption of work on more and more
buildings in this city.
The far-reachiIfg effects of the
troubles in the building trades have
not been appreciated Ly the average
man. BrickyardS up the Hudson were
idle all summer. That was quick.
direct consequence Of the strikes and
snTtdcwns. At the same time the lum-
Der trade felt the curtailing of demand.
and this depression extended all over
the Eastern States. The steel and iron
business suffered. and all workers in
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 few large
failures reported all over the country
where the liabilities exceed 100000
or $150000, 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.