Year: 1876




BRANCHES OF INDUsTRY-THE BOTTOM REACH


FD AT LasT-EYIL ETfECTs OF THEPANic of


1873 RAPIDLY PASSING AWAY-u0PEfJL


PROSPECTS FOR THE FUTURE


From the New York mes.


review Of the condition and prOspoc IS
OF the fail trade shows a very gratifying
improvement in nearly all branches OF IN
dustry within the past month, and that
revival Of business Is steadily taking place
on safe and substantial basis The bottom
has been reached after three years OF unpro-
htab!e business, during which many traders
had to give way - financial embarrassment,
brought on in great measure by system
of large and long credits 10 their customers.
which to great extent Is now abolished.
\ large portion Of the business OF wholesale
merchants Is now transacted for cash, and
the buyers seem to be oi q more substantial
class than those who came here three or
four years ago. Business of all kinds, too,
seem 10 be springlpg up in all portions OF
the country. Mills which have been Idle
for years are again IN motion, and on the
whole there Is every reason to believe that
the evils effects OF the financial panic OF 1913
are rapidly passing away


Dry goods merchants say that the condl-
tion of their business has improved recently,





and they look forward TO a healthy and
profitable fall trade. The boot and shoe
dealers say that trade Is very good, and
that reports from all parts of the country
are OF the most encouraging character.
. The hide and leather business improves
as the autumn trade advances, End. as pro-
minent merchant said, alt is beginning to
feel the inyigoIating effects of the improved
business pulse" The export trade in leath-
er is very good. the home demand is Increas-
ing. and gradual and steady Improvement
is expected during the fall.


The carpet and upholstery trade has
| greatly improved during the past month /;
the demand has been very active. and bust
ness is in healthier condition than it has
been for many years. The wire and liquor
| dealers have no reason - complain OF the
dulliness of trade. They say the prospects
| for the fall are very encouraging, and that
a marked improvement has taken place
since August in the volume OF business
transacted. The consumption of spiriIuous
liquors is admitted to have fallen off, owing
to the depressed times" the patrons of
corner grOggerles not having the money to
spend in luxurles. There does not, however,
seem to have been any decrease in the con-
sumption of ale or lager beer. the tendency
being rather in the opposite direction.


fhet grocery trade is in a very healthy
condition, business during the summer
having been good. and the fall prospects
are considered encouraging, though at the
moment OF operations in the wholesale line
show some abatement OF activity. The iron
trade. which has been, perhaps, in a worse
condition than any other branch Of business.
is showing signs oi activity, and the pros
poets are regarded as hopeful There is
not much to be said at present in favor Of
building trade. but the revival in other
branches OF business will no doubt be soon
felt by this branch Of industry and, in
some relations. even this interest is picking
up q little. Considering that We have
passed through three years of unexamped
depression In the business world, the pros
poets. On the whole, are very favorable
indeed, and will tend TO cheer those who
are beginning to lose hope in the future.