Year: 1869

The very quiet which prevails in business
circles during the summer foretokens most
encouraging reaction early in the fall. Our
men of finance and trade who are wise enough
now to escape from their usual excite ements,
and cool off and recuperate in the mountains
or on The seashore, will return to the city
with invgorated health and purposes. The
revival of trade will be proportionate to the
revival of their mental and bodily power to
give it "A fresh impulse and wider scope.
American business men have been long IN
learning that to unhend the bow occasionally
will insure speedier and surer flight to the
arrow, but they have at length learned the
lesson. Dyspepsia and failure, the frequent
consequences of unremitted attention to mer-
camille pursuits, are less common than they
used to be before a summer trip to Europe or
to some one or other of the numerous pleasure
resorts in America became the rule instead OF
the exception. The redoubled energy with
which our merchants, after their vacation,
will devote themselves TO their accustomed
activities would alone suffice to insure re-
vivai of trade in the fall


Moreover, early autumn will pour into our
markets millions of dollars worth of fruit, and
the stimulus which the fruit trade will impart
to other activities of trade will be immediate
and powerful. The granaries of the great
West will also send to New York, as the main
distributing point of their treasure, an unpre-
cedented wealth of corn and wheat.
DESPITE the drawback of extraordinary
rains and floods, even the crops OF Central
Illinois, which have suffered 80 much that the
use of reaping machines is reported to be out
of the question, will not prove to be an utter
failure. In Northern Illinois the grain looks
very well and promises a good yield. Corn
can scarcely be expected to yield more than
two-thirds the average crop, but there will be
an immense yield of oats. There is no cause
for alarm as to the winter wheat in Southern
Illinois, notwithstanding the delay in stacking
on account of the rain. The wheat crop In
Iowa, Wisconsin, Nebraska and Minnesota is
in excellent condition. Throughout Illinois
there has been planted an enormous extent Of
small grain, and, although more than half Of
it should be damaged, good average crop will
be secured. Almost everywhere similar
promises Of bountiful harvest exist. And
although the cotton and tobacco crops of the
Southern States are raised under new con-
ditions, so that in consequence of the great
number of small farmers engaged in prOduc-
ing them more ample volume of currency
is needed to move them, yet the virtual con-
traction in the currency of the Northern States,
on account of the thirty million dollars which
it has been necessary to send South during the
past nine months has already been followed
by a relaxation in Mr.. BOutwell's policy OF
contraction, and it has been rightly conjec-
tured that ''frOm this relaxation we may antici-
pate measure Of timely relief to the money
market" With an easier money market, with
reduction in the high prices which have
hitherto prevailed, with the opening of multi
piled channels of industry and commerce
with renewed enterprise on the part of OH


merchants after their needed repose during tn
heated term, with the return Of the families o
our wealthy citizens and with steadil,
increasing influx of European emigration, it i
| safe to predict that the prospects of New Yorl
trade in the fall are brighter than ever.