New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1903-01-31
CONDITION OF TRADE.
''Dun's Review" says


Wall Street continues to be the only dull point IN
the country, and speculative nactvlty 70 rbIs
aecoUaieG py any eVidenGe ht 1 tradinr is good
sign. dulness usually brings a downward ser t
fsfactory rates for money ruling low in response TO
increased reserves in the associated banks. wnlle
Strong returns from leading banks abroad lnGis i6
that there VII be no iInmedlate PES s1ecuaton
liberated funds besides improving the outook oUr
this port for the last week showed an increase OF
50 1876 as compared with the same comfi5e to
prosper, while the fuel situation has grown 5 ess
dt through tine s9e egra b mild
Distribution of other products has been reSt.IctS
are importunate Clearance sales are about ende9.
leaving only small stocks of winter goodS h ~
ana fall contracts also placed hoeraly: .1 AT
In most cases where there is no delay fuel ac-
count manufacturing plants are busy. though cost
FL for fnisbed PRODUCTS are consequently to be
pected Favorable returns OF railway e SII az
ing an increase of 81 per cent over last year an1
leuT 9fT S Gean 9sr has fallen far below the
week in earlier years, bank exchanges az tnls ciy
ARE only only psT Geh than in s At other leading
cities there appear gains of Al and 1875 per CENT
spectiyely-
'Bradstreet's' says:
Trade DEVELOPMENTS in January confirm the san
guine expectations and predictions made at the
outset of the month Wholesale and tobbing trade e
hats is Improving steadily, Januarys Joining ou5l-
ness at leading cities East and West being the
best ever recorded in that month. Shipments on
orders are larger and earlier than IN preceding
wears Retail trade reports are hardly 50 IaVor-
able Unreasonable weather dulls retail dlstrlou-
ton in this line, and the usual January clearing
les are attracting less than ordinary afternoon
Winter wheat has lost its snow covering out
aside from this no developments are noted
as to this crop. Mild winter weather, too, helps
coal consumers, and the pinch, bad enough az DesI,
is partially relieved thereby. Among the industries
no sign of tagging activity is noted iron ana
steel production is at its highest point, deSpite
fuel and car shortages, and prices are nlSher-
Activity in lumber is also noted the country over
among the cereals, and cotton, among the textles,
leading heavy break in wheat prices que 10
the reported liquidation by the leading bull inter
est contains favorable side, In that lower prices
are expected to develop the heretofore shrinking
export business Money is showing increased ease
all markets 49,,
grows better. Smaller than expected movements
Of grain and lumber to market of fuel from pro-
ducing centres to consumers and Of general mer-
chandise from wholesalers and JoDbers 10 retail
ers are reported the country over. preference is
still being given coal shipments, and some ra-
roads reported refusing all dead rrelsnI ouISlue
OF fuel. There is not yet time TO measure the
effect of recent rate advances upon earnings. out
larger gross receipts certain to follow, and the
gain for January is likely to be fully per cent
old conditions due to advanced wages ana h1gner
cost of materials and increased operating e&-
penses were Improbable, because while gross
earnings increased for November by from D 10
per cent, net returns actually fell on or per
cent from a year ago.