Herald and news. [volume] (West Randolph, Vt.) 1878-1943, 1894-03-08
A LITTLE BRIGHTER.

r our people are more vitally interested
. in than the financial situation; hence
, we devote much space to the weekly
review by Dun, the leading CONNER
cial agency lie says:
"With no more definite information
than a week ago regarding the out
come of financial or revenue disputes,
perhaps more people have come to the
belief that the end will answer their
wishes. Certainly rather more are
taking limited risks in business. espe-
cially in stocks. II is usually good
plan for practical men to rely little on
impressions which are assiduOusly fOs-
tered in speculative circles, where pco-
pie rarely labor to lift prices of things
they want to buy 4 more substan-
tial basis is the slowly growing demand
for goods, caused by gradual exhaus-
tion Of stocks held by dealers, and this
ha, further enlarged the working force
in manufactures. The fall of silver TO
- Ia d. and below 90 cents here, and.
after a slight recovery. its renewed
weakness, have an mfavorable infu-
cnce on some markets. The announce
ment that import duties are TO be inn
posed by lndia, il confirmed, may in
crease the difficulty. The passage Of
the scignorage bill by the House late
on Thursday has not bad time to pro-
duce much effect but is not financially
Ireassuring.
More works have resumed or in
creased hands or hours than have stop
ped or reduced, but numerous reduc-
ton. in wages continue TO lessen the
purchasing power of those at work
The demand from distributors is al
most exclusively for medium or low
priced wooden and cotton goods. for
81 80 and not for $500 boots. and for
shoes rather than boots Some sales /.
men and traders find indications that \
stocks Of the higher-prieed goods re- (
naming on hand are much larger than
usual, and bankers judge that much of .
the demand for commercial loans is
virtually for renewals 10 carry such .
unsold stocks Sharp reductions in
Indian Head sheetings and Amoskeag
tickin@s cause larger trading, but PRINT
cloths are accumulatipg and weak and I
several mills sofimpOrtanee have closed.
In an branches OF the wooden manu-
facture the demand is vet far below
the usual mark, but il is somewhat
improved in worsteds and dress goods
and leading mills have been taking
wool quite largely, 50 that in three
chief markets the sales have been
4. .s9s. POO lbs. for the week. against
j.I9s. 200 last year, in part because
scarcely any foreign wool has been
imported for months and supplies
are short. Western markets are also
broader. without improvement in
price.
The decrease in domestic trade rep
resented by clearing is 40.s per cent
for the week. and $50 outside New
York-a little less than last week. :
Railway tonnage from Chicago was !
but u per cent less than last year. !
against b per cent for February. lm-
ports of merchandise still show de- A;
crease of 40 per cent, while exports OF
domestic products for three weeks
are , per cent laiger than last year.
The buying power of the people is
necessarily restricted. with many
works idle and wages much reduced,
md apprchensi0ns for the future q
,au,e general economy The with
lraWals of deposit. from New York J
.aving, banks Of late have been unus-
lally large. aud these banks have gem
rally raised their raie Of interest 10 4 il
per cent The treasury receipts in
February were S4.500,000 below eN-
)eudimrcs.aud the deficit for the year
s likely to De 81. 2.O00,000. Gold eN-
,orts have begun, Sl,250.oo0 having
,cen engaged FOR to-day. /,
The most encouraging feature OF the .,
weeks record is the continued de- v
lease in number and Importance OF s.
ailulvs. For the third week Of Feb g
uarv. liabilities thus FAR reported are
nly -. $50. .3l6. and for three weeks
4 the month, only Sll,420,4 AS. of A
rhich S5.045.s47 were of manufacture
NJ and S6.2sl .693 Of trading con-
erns. The number reported in Feb -
uarv is l.260. against 2,0oo in ,lanu- d
nv. and the full liabilities were prob
blv less than $4,000, 900, against
80. .946. .497 in January. In Novem- y
er and December. the amount eX- Al
eeded 100000. 600. For the past
eek. the failures have been POI in the
-nited States. against poo last year.
nd ~ i'm Canada,against - last year, S.
rarcely any being of much impor-
mce. y
A. Messer of Rochester, Worthy Master
I the Vermont Grange, is winning gold bi
q opinions as lecturer of the National
range, wherever he goes. The following "
a fair sample OF many: "Hon. John i.
OK, master of the New Jersey State
range, in letter to the Farmers Friend ci
! regard to the recent visit Of the nation j.