New-York tribune., 1909-01-01
DUN's REVIEW OF 1903.

r q Dun & Co. in their annual review say In
part:
Recu?erative powers disclosed y commercial and and
financial interests IN the CHteu s7siine The
wear opened with everything at a low eob ana ; III
we're aban ioned until the number Of uneInpl3ysd
rose above all records since the panic OF 1855
ir,I6ierstiou of over a million charged TO an excess
Of emisrants in l9os SO as 20 an rin g, most
ness the early part Of the year In M
adversely with similar figures IN IJV'' Nule -. ~.
nor o,1, iii The comparisons with the Previous
vear show gains. but in many cases there was IN
tt showed the earliest evidence of hetterInent the
averag- ot the sixty most acllf% fi -
did not make any such gain put van StiI7s S9iT fau
i'm securities was dsProportionate TO losses III
When It was seen that no further sethacE Il,al- @
I'D tr-,Ss gradually Increased. and growing cor
fG,nce broght renewal % interest IN % W"rs ra Pr
40 L!ttors that stiH produced caution & am
- 80 ~ ota a. - hole satisfied these two points
although large majority ahtlcllahtgu ~ Sef,,s the
sio 6 the fnai official tigures of farm prod
ucts which proved to exceed an pIfNi'uS pf 7.l7
by ,ack OF ram; "a ;rfcII!tr,re but low water II the
- etSl'. i-tarrinfed work at the mills and traffic
a.. the rivers. while forest hr"7 'ln -Io frI
5sad 5' vitR mills reopen5ne while money
was abundant and oredits feagN ~ Ibs 1resart
VI arrsloratton suggests that the nation Hts %
resume tEe attainment Of new H'-"-"'
in 1909.
DRYGooDs AND WooLLENS-
=, ,t,,- ,f the depression which settled over all
br4ncbse Of trade the end Of Hos WtS 'l,,S S-I5
be s"PPGfe" fE ohsrs Readjusmentz in cotton Goods
u-ern fre1uent and radical dUrliS Ilp LI,-
9 ne. I'll Han AZ The beginning of the year though
not at the low point when al az IL las baa,, \
aGi!uf market Tor both buyer and sHHsr diT@5as @
Inoef ali the twelve months. The PurohaSes +s5
al'T, az! nossasseJ that confidence which W9rrlGtsi
freedom ii operations. and "o,I II,t5 baya
oresta f-nness bat which brought about "S' i
ness and degree "f dsu"ra-lzal'uh - 'i'i'
took l a., ySoe ne export r1srket has teen dis
whose mills are equifPed 10 H irifr have Seen able
the foreign markets ne th3I'i S,Jx which thav
G 20 eli to the home trade out ~ the same time
certain baT not teen app-e,fahy lessened
HIS ~ - W feen fortunate for the rest of ire marker,
however that brI T tbcm Without sIaughterins. beev
ing in the eventual sale OF thelf p'o'U''S ~
sources wooLLEN GOODS.
=, 49,, Mons wear division there nas been sharp
line Of dcmarkaton daras NE trat Of WooI goods
NsrufaCtuters OF the inter nave oStH n H"t- s,-I,
aeai1st hope that revival in tenlaRd nd tor or, ianSy s
son has disclosed IN. SAM uil7,9 .s g-;,i.E Is[
desuIt0rv movement In these EoCrS Ef,,I. N,,.l 1i
meant The Inability 10 run nluch 9cHiiSlS i a. az
lncIr,se" Here nd there certain specsltss have
UryCven ynasmodcaIly successtul. Dut cVlt-tCE -.
l,t;lit mess
n"tireaby lacking. Ia the cheaper IeS I, oL gI, i
Iltli - The cotton worsted 10. merry neld sway
r.. .,ttnp t.arded fabric has been "a rVdehot' ~
e thra has been a noticeable tendency IN fave: OF
better goods throughout.
THE METAL TRADES
ro,,,,ara tion from a setback IS always very SO"
~ fron ana steel industry. just as IT reefs
Ie,resSjCn in trade more Slowly ihah LIoSt ~
,,Iotions Thus the crisis OF OctobeI iS', "a
-. ir1,,,aIiateIy bring about An extensive cur 'al.
a- ~ productfon. and the recovery thdt ~
oIi5erca elsewhere most OF the year i'uo Il''
~ taainv improve iron and steel condltlIis tttt
nov no NJ I,Gt 6,arter The closing months OF ENN
,-t.nessed n regular rate Cf increase ln DIE -
"-oJuction of about per cent nlontcI4r anu m
a+ T-car viii start out with striking inipIoI-,
80. ~ r-cekIv output compared WIN the -'ni'-
% I.ISt' -, January / 1905 that was the sIidI.e
80 -. ~aco-d in many years. with the single
uohlniE f to,nar,- 1901 Prices OF pig iron and
etoc nrC6ucts declined during the midsummer So
s'I ~ dulneSs but have since recovered 70 w'InLh
small margin OF the figures prey aiins year ago
FOREIGN EXCHANGE.
,,a1 ease in the domestic money markets
- o'.o - nreSsIre for funds abroad nave kep1
49,, of exchange unusually favorable 10: exports
ISte9 1I tha nj result OF the International move
81 aS Tor the year being loss 10 TINS country ..
t, So cln On whereas The twt Dreceoiig yeaIS
S'l"NI n ,o- fu,Dorts of SiS0ento- \ feature
- inch weight in the maintenance oi hi5H a.
~ cvrhange vas the eageTnesS Of the oahk 81
81 ~, - Strengthen its reserve This vas noi!'h-
eisD Ian which finally announre1 70 oe 10
COOS ooc Ofi Accommodations at Paris wee "a. ~ eN
80 az that sum- the gold reserve 81 " " aodt U
rance rising above all records to SoSoV'o'" Cou-