Orleans County monitor. [volume] (Barton, Vt.) 1872-1953, 1893-01-09

are expected by many to be brushed
away by January disbursements, ano
| it is hoped that the contrast between
industrial depression and threatened
, revolution abroad and peace and
l prosperity here will lead to new in
vestments of foreign capital. Great
| hopes are also based upon the World IS
Fair, which is expected to prompt
such investments in large amount, to
keep many millions at home which in
other years are spent abroad by
American tourists, and to bring hither
multitudes of foreigners to expend
literally here in travel and enjoyment
In business the sky is never quite
without cloud, and one no bigger
than mans hand sometimes pre-
sages a tempest. The possibility of
cholera this year is brought to mind
by reports Of death even now in many
European towns. If the pest gains
foothold here, neither the interna-
tional exposition nor the domestic
trade Of the year will realize as much
as might otherwise be expected. Nor
is there any certainty that the action
Of congress will be helpful rather than
hurtful. Some of the silver men avow
their intention to resist silver pur-
chase repeal even by filibustering IF
their opposition succeeds, and outgoes
of Egold for securities continue, the
year may become one of serious diff
Guilty. just now hope predominates
in the exchanges, and stocks rose last
week So cents per share, closing only
| $3.50 per share lower than year ago.
Payments through clearing houses
outside of New York I'M December
we're the largest ever made in any
month, exceeding those Of 1891 by Is
per cent, of which part is due to the
advance in prices, which are now
per cent higher than a year ago, and
omitting wheat and corn and their
products, now exceptionally low, the
range Of other commodities is 7 per
cent higher.
Railroad earnings are also satisfac
tory, in three weeks of December ex-
ceeding those of 1891 by three per
~
reports disclose a great increase in
expenses, and the dividends declared
in 1892 are not, on the whole, as satis-
factory as might have been expected
from the enormous traffic, about as
many companies reducing Or falling
out of the dividend list as were added
to it or increased their rates.
In speculative markets hope has had
the upper hand. Wheat rose last
week about 2 cents though western
receipts for three weeks have been
Is, 100000 bushels against 13, 10000
last year, the visible supply, nearly
80,O00,000, is 25,00O,0 900 bushels larger
than year ago, and the exports in
four weeks from both coasts, -four in
cluded, have been but Ia, ,S46 900 bush
els, against Is, 1914 900 bushels last year
Corn rose only q fraction and oats not
at ALL while cotton was a shade high
er for January.
The exports of gold last week were
but $500, 900, and occasioned no ex
but it is said that if the UNI
bria had arrived on time with the Sc
curities and coupons she brought, the {
outgo of gold would have been larger. t
January disbursements will be of un
precedented magnitude, but probably $
a considerable share of these may go
abroad The imports of merchandise I
were small last week, the Umbria hav a
ing been delayed, but for four weeks :
at New York have been 50, ,542 900 I
greater than in 1891 indicating prob
able aggregate of $72,000,04O for the
month. Against this there were mer-
S100, 900, 900 in value, for while ship I
nents from New York decreased in
four weeks 1882, ,712, and the cotton {
exports, though nearly 2 cents higher a
n price, were SO small as to be about b
$40, 600, 900 less in value, yet these de-
luctions from the s119, 1886, 1896 exports T.
n December of 1891 would leave a P
great excess of exports. 1t was in d
he face of this that gold went out in tf tt
December, and yet there appears W
nothing to indicate that the merchan- tt
lise balance in January will be as G;
arge. The gold movement evidently CO
depends upon the temper of foreign
folders regarding American securi
les. 4
The treasury took in 81, 100000 gold
asst week and 81, 100000 silver, and
dded 50, 300, 900 to the notes in circu til
alton. During the last year the net al
old in the treasury has decreased Sc
s 800, 900, while the notes outstanding al
ave increased $40. 900. 900. and the u u