Year: 1872

| Iue parClhl SUSPENSION Oh OuSineS5 uSuaA
during the season of Midsummer is about to
| end Already, in fact, the quickening in
fuence of Fall trade is seen Our advertising
columns, always sure thermometer of busi-
ness and the activity of our importers and
merchants generally, show this. Our Wall
street stock and gold spectators, many Of
whom are 80 intent on making money that
they scarcely know the difference between
Summer and Winter are beginning to be
unusually actiye. In the course Of few
days our wealthy and fashionable people
will begin to return to the city; country mer-
chants and pleasure seekers will fill our hotels
and ransack the stores; the refux tide of
European tourists will set in, and with it is
coming swarm of artists for the operas,
theatres and concert halls. Then there are
all the elements of general prosperity and
well being to give promise of large trade and
plenty Of enjoyment Seldom has there
been such prospect of vast and
reviving business in this commercial metropo-
lis as at the present time. The Presidential
election and other elections will be but side
show to the great movement, for the trade and
industrial pursuits of the country go on undis-
turbed by the clamor and conflicts of politi-
clans.


Most of our citizens, male and female will
be glad to return to their comfortable homes
and the conveniences and pleasures which
cannot be found out of New York. Many of
them, indeed. make great sacrifices for the sake
of fashion, and know it by painful experience,
in leaving the city to be feeced, ill-fed and
worse accomm odated in those mammoth cara
vansaries called hotels at our fashionable
places Of Summer resort. However, they will
60, for such is the potent influence of fashion,
and the hotel keepers know how to profit by
that Long Branch, Saratoga, Niagara and
the other places, too numerous to mention,
have had fourishing business this Summer,
which goes to sh ow that the country is pros
porous and the people have plenty of money
to spend. Then there is that extraordinary
hegira of Americans to Europe especially in
the Spring and Summer, which is stayed
part of this could be prevented
and vast sum of money retained and be
spent at hem e, which is now expended and
left in Europe, if the charges were less and the
accommodations better at our own watering
places. Still, we are not left without some
compensation for this drain of substantial
wealth The hundreds of thousands of immi-
grants arriving yearly bring both money and
accession of labor, which creates money. The
balance in financial point of view, there
fore, is pretty well maintained. Besides, the
returning tide Of tourists in Europe at the
opening Fall season will add to the trade,
means and amount Of money in circulation.


1t is evident from the enormous importa-
tons during the Spring and Summed, and par
ticularly within the last month or two, that
our Merchants have anticipated large sales
the appro aching Fall. These importations
appear extravagant, but the merchants are
the best judges Of the demands of the mar
ket. They have to watch carefully the signs
of the times for their money and credit are
at stake. We presume consequently, that
they have good reason to expect an
unprecedented revival of trade It will
be seen by carefully prepared
statement of the warehousing of
merchandise in this city, which we published
yesterday that for the four months ending
April 3O 1872, the increase was ninety-fve
and quarter per cent-nearly hundred per
cent-over that Of the corresponding period of
1862 The increase Of the subsequent months
was in greater proportion. During the twenty
five working days in April last there were re-
ceived and examined at the public stores on
on average a thousand packages of merchan-
disc day. As the report states, the bust
ness done at the public stores has been simply
enormous. We are, then, just on the turning
point of the end of Summer pleasures and the
Summer exodus and the commencement of
most active Fall trade


| Apart from the increasing trade, wealth and
wonderful progress Of New York generally
there is ample proof of the well being of the
mass of the people. Ten years ago the
amount of deposits in the savings banks was
about forty five millions of dollars, and now it
reaches hundred and sixty millions This
is stupendous sum. The deposits for the
most part are made by the working and middle
classes They show the thrift and industry of
the great body of the community, as we'll as the
prosperous condition Of the country. The
same classes Of people are able, too,
out of their earnings to buy largely of
those articles of comfort and luxury which
pass through the Custom House and the hands
of our merchants. The masses Of people of no
other country in the world spend as much or
have as much to spend. 1t is this general
abundance Of means and the ambition Of
| Apooricopc of fhe humblact c1ascae IN live xval1
and appear well that give such activity to
trade.


At times there is some apprehension that we
are much too extravagant, and that our extrav-
agance must lead to financial difficulties. In