Burlington weekly free press. [volume] (Burlington, Vt.) 1866-1928, 1910-01-20
TRADE VOLUME
IS VERY HEAVY
Bank Exchanges and Railroad
Earnings Show Gains-sharp
Contrasts Noted.

New York, Jan. H.-R. @. Dun's Weekly
Review Of Trade will say tomorrow:
Notwithstanding the reasonable lull in
business. general conditions are fully
normal and the volume OF trade as
measured by bank exchanges and rail-
road earnings Is very heavy. the clearings
nggregating 122 per cent. greater than
last year outside of New York and 179
per cent. in New York, while railroad
earnings in tho first week of January
show gains OF ~ per cent. There Is a
wide diversity Of reports from the
different trades and trace centers but
even the least satisfactory indicates no
fundamental weakness. while a majority
Of the reports. particularly those from
cities farthest removed from the influence
Of the unsettled conditions in the
financial markets. show a healthy con-
dition OF affairs
II IS noticeable that while the in
dustrial and mercantile situation is that
of norma prosperity. the speculative
markets are disturbed with much said
about tho possible effect Of the political
crisis In England. the influence Of
legislation in this country bearing upon
the corporations. and the economic con-
market is also an obtcc. of some
solicitude, owing to the decreased re-
serves of the banks. In cotton there
has been a sensational decline in the
option prices and this speculation re-
stricts operations in cotton goods to
some extent but large sales of print
cloths are reported. Pig iron Is in in
creased demand but finished steel pro-
| ducts are somewhat irregular.
The distinguishing feature of the whole
business situation is the sharp contrast
between the hesitation prevailing IN the
security markets and the confidence and
activity prevailing in productive enter
! prise.
Commercial failures this week in the
United States are 3l2 against $40 last
week. 227 the preceding week and sol the
corresponding week last year
Transportation INTERRt PIED.
New York. Jan, N-Bradstroet' State
Of Trade tomorrow will say: Reports as
to trade and transportation reflect vari-
ations OF weather irregularity affecting
sales and movement of farm products and
coal supplies and &C spring goods TO varl-
Gus markets. Retail trade in winter goods
| has been helped as a whole by cold
stormy weather and the usual January
price revisions. very fair volume OF
recorders is reported by jobbers while the
volume Of orders for spring reaching
wholesale houses from travellers is fairly
good Transportation lines. particularly
In the North and West. have been ham
perSd by stormy weather and the move
ment OF crops to market has been inter
fered with. Something approaching a
| coal famine still exists at many western
points despite the efforts Of railroads.
who are hampered by decreased hauling
| power. to supply necessities.
The January level of prices Of COM
modities has broken all records. For the
week the cereal affected by shortened
! movement are strong or higher, corn. OF
which there is still reported very much In
the field. leading in strength. At present
prices of hogs there is said to be more
profit in feeding than In selling the grain
| Oats are stronger and wheat holds stead
| lily at high prices.