New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-01-09
MONEY IND BUSINESS.

Exports uf gold in January would have less
influence II there Wcr" not in commercial hands
in this country awaiting demand about 3d.
600, 600 bushels Of wheat and 900, 900 bales Of
cotton moro than the quantity ordinarily car
ricd at this season. That tho whca. and cotton
10 no, 20 abroad. while the gold docs. l. the
natural cause Of some disluictudc The gold
Exports last week were but - 300 900. and cN-
pcrts think no more will be sent this wee.,. while
Treasury Disbursements Of Sl,l00000 gold and
Il 900. 900 more notes against triiing incrcaS'
in silver on hand. besides reported receipts oi
-. 100000 BY Ncw-York banks from the in
terror, helped to better feeling and a recovery
Of stocks toward the end Of the week But the
ayerasc closed at S6337, against $500 the
week before, and 500 a year ago. There was
a little talk Of foreign buying. but with Wash
:ug;on news regarding silver legislation not dis
tinctly encouraging no extensive renewal of
foreign Investments can be expected.
The railroads arc doing fairly well the earnings
IF over eighty roads for three weeks and thirty
nine for tho fourth week OF December showing
a gain OF % per cent the previous year.
and ffty-two roads. reported by The Financial
Chronicle for the entire month. show gains Of
"A per cent but the increase in expenses has
also boon large Nor last year in all re-
-pccts encouraging for thirty-six railroads. with
0,j0S miles in operation, and S36s,00O,0O0 of
stocks and bonds, went into the hands Of
receivers, and though moro than half of the
mileage and amount is due to the Richmond
Terminal default, the aggregates still remaining
larger than usual. Such results within the
year after the harvesting of the greatest crops
ever grown, attract the attention of foreign AZ
well as American investors TO the hurtful In
nucnce of National and State legislation, but the
IT,.
amended does not appear very bright While
many Of the railroads earning handsome
dividends, some others evidently have not been
helped even by the enormous traffic Of last
year.
For the first week Of January The volume Of
business measured by clcarings outsidc Ncw-lorlI
was about per cen. larger than last year, and
the gain in December was over II per cent.
Settlements Of large amounts, which used formerly
10 b. made here, now made at other cities
While the volu.nc at all cities has doubled since
1919 the Increase at Ncw-York has been from
90 to 1863. The ratio OF payments now to thosc
Of 1873 or 1876 at other cities, the Latter being
taken as 100, is at Chicago 424, Pittsburg 1926.
~. Louis ia, lostoa 200, Louisville, 1872, Phila-
dcphia $50, San Francisco III, baltimore 1873,
Ncw- Orleans l2l, Milwaukee l20 and Cincinnati
I03 Besides the fourteen clearinghouse out
side New-York which existed in 1878, whose
settlements have increased from IS s65, 900 900 to
Sl026G, 00O, 900. there have been tabshed forty
six Others, who's. business last year Amounted to
SG,ls6, 100000 Eut the money in circulation was
~ - ,O0O, 900 in S,j, and is 10000
OOO greater increase than has taken place III
the aggregate of payments made.
Wheat advanced thrcc-eighths OF a cent last
week. although Western receipts for two weeks
have been s,O6l 900 bushels, agaIast 1,s5o,OOO
Il year ago, and the aggregate since August
has been l2O00,000 bushels greater. The ca
ports for four weeks from both coasts have been
I4,a46,s3s bushels, -four included, against lS,-
1914, 4lo last year, and with larger receipts and
smaller expor.s the unprecedented surplus in