OCR Text |
Show Improving Trade and Commerce. Com-merce. New York, 1. Tho week has shown a substantial improvement iu all the leading departments of trade, and advices from the principal cities and large towns throughout the Atlantic states are so cheering as to leave little doubt that the long looked tor revival of commerce and industry is ut length at hand. The harvest, without doubt, is decidedly the most fruitful ever known in this country, and so far as grain is concerned English Eng-lish and continental shippers are taking tak-ing hold as though they meant buai ness. Exports are steadily increasing, the good effect of which ia already apparent in freights and exchange. The over-supply of tonnage, whioh bung like an incubus over the freight market lor months, has been woiked off, and shippers have been under the necessity of chartering vessels iu Eu rope, in this way affording employment employ-ment for many idle English steamers, us well as sailing cralt of all nations. Although merchants can now ob tain all the credit they want at reasonably low rates, there is great discrimination in regard to credits, and borrowers must be in a position to offer something substantial in the way of tangible security to avail themselves of tho best terms. Although Al-though merchandise prices as a rule are low, there was rarely ever so little disposition to speculate, which can ouly be explained by the general lack ol success in such ventures during the last three or four years. Caution is now the rule, and if trade is not so active as during the flush times, it certainly has a better basis. One of the encouraging signs of the times is the comparatively email number ot mercantile tailures, and it is worthy of note that most of the few individuals indi-viduals and firms who are dropping out of the ranks had been crippled by the panic of 1S73. Silver has ruled a trifle higher this j week, both in New York and Lon-!don. Lon-!don. The trade of the United States with Brazil averages over $7,000,000 an dually. ! Large quantities of printing paper are now sent to England, |