The New York herald., 1868-02-29
THE ACTION BUSINESS.

TIE February Resumptiou IN Dry 0eSds-
B.th Bsvcvs md seiieSs CawtIsus.
The auction bssiaes has bsca resumed 10 earnest
though with ess effort 70 f.rsa sales than prevailed
ss the month Of Dsoomssr. and wts snasr sales than
during the nssth Of February last yesr whss credits
easier and currency easier s Ths heavy fsilsrss
the sount'y retailers In ary asods which swssd the
liabilities Of 1867 10 an ssrregsss Of four misrs be-
yosd thoss Of 1sss have ssd he effect cssass cred
ana 70 render sellers csuslss This asvsnspt vAs arst
begun ~ ths larger dry sscds houses for instance
thsss ef A. I. Stewart ssa Il d Caasa and hss
assed saM ssuiise sss srrvsd ut peist Of slasst
absolute sarsy. Tie srsat ssslisa hossss vita
p~omiseusus and spssulsuvs - f ssssonsrs have
fs,iswsA ls 90 walks Of ns loading Wholesale
houses spd thus = ssaadsrsb's tssSeney 70
snp1se,iss hes ses~ brsosh sssos ~ snst
even ,hs sse,,oa business has assumed . less spsos-
ivs tons. meg be sksu for granted therefore, that
hs failures sf the svrng Of isos viii be ssmpsnnvsy
reduced In sumbs ana n azoust of ssNsWss, srS 10
the sessss ef the suunsr . normal shsssh ecsoswhst
syswsy esnSrios ~ nsac 10 ssssirsst rss qass-
uy Of esoas .hss hr disposed or with iss utsc~ &C.
nvny ne part Of dsalss osasisiest with safe credits
has been les sy a lees, pr cent las that Of last
yser eash The ssrhst far lcss feverish than In The
ssse ssssss Of 1897. aud generally hsashy And
speculative a. sspostse " DaaifsstsA. This equally
both Of euvefs and sen rs; fer, vhs asecreSrs
aavs evlnasd dsposios 70 he rrinses, In the aitsr
ct crsAi shdsrs asvt sveesd ~ ssssy stross sps-
slhon 70 bs earueu. sscs In largo oss
s,nsll LOIS aad ready cash ccas,ts,s Tho RUE and
yess s4eK mnssista ws~s in Ms ~ay o. srripx
stocks bsycrs refrss - b semped fss rsssl,
has been o slight sdvtses. esresNily sf domestic
fabrics, and q general nrns-as q prsea wi,h
moderate np~srs tendonoy, which mere sspseaiiy
noticeable the erenee Of tbs ssassn ban sew Con.
arsnen,s marked Must n ssy priee" aro lssa fro
sucnt end sa1tisnserc have been gives epporuuiy
10 rosupstr, which ~ tee slsfirg sf The antrsossl
ssssss. tAsy ~srs ssdly n Rcei sf-s isss whkh In
worthy Of nota In esanettoa with iae rrobshs traras-
hsHs Of 1885 L.rgo stocks of dorssSc goods have
hssr worked on az nrbee dursg tho wnitr though
this IL irus 10 lees extent cf the dry ssods thaE sf
eishing markell Ia o latter, In fact, omers rsfues
10 invest M, wiihsssdrr ths asrsg bsN 81 sxcsed-
nsiy low prices and place ds or 'sefns below ccs,,"
With other devices 70 aduo3 psepe vita ready cash 10
iavsE. The buspess IN clcttng has, In fact,
been ssis sish something ike astag perslyns from
when tber u pronpsc, Of preecnt rscsverv, and
may ~ wrh.ca sovn az usllksiy 70 recuperats uDtn
autumn, ovisa 10 excessive onsissaens u second
elsss stocks
IL p.sns street rsy.sd,y--,hs greet mari cs dry
sseds sarsnesrs snd spessesrs lessor and grsa'sF
In a scrts Of fancy articles aud furn'shsng rrodsthers
un eensldersbs hvshness hsssra Wilmeniing
Mount ensred q isvss stock o. German hosiery and
gloves, wblot vas sparngly taken aud Ia very small
iois In comparison III Decsmber an advance In
prices sesgns ab at ave per cent uas eshbitsd ard,
though hcss uas NO spirited compssiecA ouyss Vsre