The Waco evening news. [volume] (Waco, Tex.) 1891-1894, 1892-01-13
CLEW VS. VIEWS.
THE SITUATION PAST, PRESENT
AND FUTURE.
The Year 1892 Gives Promise of
General Prosperity Compared win
Is8t-The New Year Has shown IA
Decided Improvement Already.

NEW YORK, January 9.-The
first week of the new year ex-
hibts the general activity in the
stock market, that our recent weekly
advices foreshadowed. The disburse-
ment Of over one hundred millions OF
January interest and dividends, is at
tended with an ective demand for
bonds and for dividend. ing stocks;
and those purchases have given a
stimulus to the latent feeling in
favor of higher prices, and developed
an active speculative movement, un-
der which prices have advanced
throughout the list. The transactions
on the exchange have doubled the
volume prevailing during the quiet
of several proceeding weeks, and symp
toms seem to favor the preponder-
ant opinion that campaign Of un-
usual activity has set in, which is
likely to be continued ttroug hout the
year.
Opinions differ as to the results of
the past years business of the coun.
try; some maintaining that neither
mauuta ,turers nor merchants have
made their usual profits, while others
hold that the quiet of business has
been due mainly TO conservatism fol-
lowing the crisis of 1890 and that,
at er all, the business of 1891 has left
nearly an average rate Of profit. On
this question, more than upon any
other condition depends the future
course of the stock market; and the
current month will solve the problem
In the meantime, the "street" is not
likely to jump to any positive opin-
ions on this point, but is likely to sus-
tain the market unit it is settled
what may be expected from the "out-
side element. In the meantime,
there is likely to be some realizing on
recent profits, which probably range
between 2 and 8 points and are there
fore tempting 10 prudent operators
That process, indeed, is now in opera
ton; but as such sales are soon fol.
lowed by re purchases they have no
marked effect upon prices.
1t lie especially important to keep in
view the fact that new and import
ant group of stocks will from this
time come into prominence through
the forwarding of the corn crop. The
department OF agriculture estimates
the out turn of that crop at 2 060,-
100000 bushels, which is the largest
but one ever realized. 1t is the last
crop to come into the market, and is
now beginning to be moved. The
securities of the roads dependent upon
this grain have, in degree, sympa.
thlzed with the improvement in the
finances of the roads serving the
wheat belt; but there is still liberal
margin for further advance to come
from the future reports of actual in.
crease of traffic; and this lengthening
of the list Of roads showing large in-
creases can hardly fail to have the
effect of advancing prices later. 1t
will be the infusion of new steam to
replace that which has evaporated,
and will therefore act as a sustaining
force to the general market 1t is
questionable whether sufficient i'm
portance has been attached to the
volume of this years supply of grain
destined to come to the seaboard. CO.
incident with our unprecedented crops
Ohe wheat crop being now officially
reported at 6l2,000,000 bush
els), there is general
de ficiency in Europe, and the
Russian export is now wholly cut off,
while Russia herself may have to i'm