Show the state of trade it cannot be denied that the general stagnation of business has bas seriously afflec affected ted the pianoforte organ and music trades on nil all sides bides we hear bear complaint complaints ss not so much about the 11 hard times as about the dull duli times manufacturers and dealers seem to fear a continued stagnation more than another cri sis the truth is but very few people had any idea that the effect of the panic would be felt anything like so long as it has been and arguing from previous troubles of a similar character thought th that atthe the recovery would take place certainly within two or three years at most our own opinion is is that five clear years must be allowed for the tho varl various causes which combined to cause the panic to wo work rk themselves out we ve arenow are now paying for tilo the war for its unhealthy enhancement ef f values for over speculation excess of enterprise and production for a depreciated precia ted currency and national I 1 credit and last but by no means least east for that uncertain financial In ancial policy of our government which nas has sapped public confidence which esthe is the first principle of commerce all these evils will gradually disappear and leave us in a somewhat what exhausted but still healthy condition we beile belld believe belleve vei vel that about the dallof 1877 a marked improvement will take place in all branches of commerce and the arts but little is to be hoped this year the excitement of the centennial exposition and the presidential election will not permit visible improvement A few special businesses from local causes may prosper but there will be no general revival re sivi vival of trade the sooner this fact is acknowledged and discounted the better for all while we are we well weli I 1 aware that many are suffering a terrible strain strains we see no reason why they should despair there is no lane so long but it has a turning and the turn to our long lane is at hand but just as the dawn is always preceded by the darkest our of the night nigh tso so will the revival of trade be preceded by times compared with which the present are prosperous indeed it seems almost cruel to publish such an opinion but we honestly think it for the best that none should indulge in that false confidence in ill a speedy improvement which has unfortunately proved most disastrous to so many new york music trade review |