Salt Lake Tribune | 1917-01-02 | Page 12 | Trade not Hurt by Market Conditions

TRADE KOT HURT BY iRMITIS Stock Fluctuations Fail to Have Effect on Retail Dealings. NEW YORK, Jan. 1. Trade and industry in-dustry in general have "continued active and practically unchanged, notwithstanding notwithstand-ing the European war situation, the disturbance dis-turbance in money rates and the very unsettled un-settled stock markets." according to information in-formation obtained through special reports re-ports from numerous firms and corporations corpora-tions in the last few days, it was stated here today hy Pierre Jay. chairman of the federal - reserve bank of New York. "Retail stores are reported as handling an unprecedented volume of holiday-trade," holiday-trade," Mr. Jay's statement says, "while collections generally are stated to be very satisfactory. Materials are stated to be still scarce and the deliveries of goods somewhat hindered by a shortage of freight cars." The labor situation, he says, has been considered improved by the closing down of certain outside activities ac-tivities and by workmen seeking sheltered shel-tered employment during the winter. The demand for news print paper. Mr. Jay's announcement declares, "exceeds anything heretofore known, exceeding for the first time the producing capacity of the mills." This is accounted for, he says, by increased advertising and circulation. circu-lation. "Everything entering into the manufacture manufac-ture of paper," he adds, "has increased in price. Foreign orders are large and i m ports of forei gn- made paper ha ve fallen off considerably." Short crops and a large demand have caused prices of food products to rise, he says, whiio seasonal conditions prevail in other lines.