The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1880-09-14
MONEY AND TRADE NOTES.

August, however, Will SNOW very Ulutfeul
result, For seven months of 1880. in one OF
which May exports exceeded imports
largely, the net imports of specie have been
only 81, l9S,042 but the excess in August
alone will be many millions, and the treasury
department, anticipating imports of about
$4,000 each week for the next two
months, has again placed $4,000 900 coin in
gold at New York, TO be paid out with as little
delay as possible in exchange for foreign coin
and bullion imported
Since the passage of the silver bill there
have been coined to date SOS, lS0,750 in
standard silver dollars. OF this amount
Sl9,SSG, AS is outstandng-in circulation,
The balance, $4S, 03,307, Is in the treasury
vaults.
The handsome excess of over S13,000,000
in amount of exports over imports for July
is wholly due to the extraordinary moy, ment
in breadstutIs and provisions. Imports were
la'ee,but the " lu osbraads.uffs a. oae ex poIt
cd from seventeen principle ports during the
month wer S30, 500, 601, against SIS, 55S,046
in July, 1879, an increase of more than
Sll 100000, of which over So Co., 900 was at
New York. The value of provisions ex-
ported was 81, S04 776, sgainst $685., 53l in
July, 1879, an increase of nearly $4,000,000,
of which about 100000 Was Mt New York.
That city sustains its relative position in the
exporting business, while Baltimore gains
largely in respect to breadstuhs, and Boston
in respect to provisions, Philadelphia making
comparatively little gain in either.
1t is expe ted that the eastern end Of the
Northern Pacific will be completed the
Yellowstone by the advent of winter, and by
he so,,o tiu,o lSQ p,i1nc u,ill ho
the Pacific side
Three American companies are seeking
railway concessions in Mexico-the Southern
Pacific company, with 9, p. Huntington at
the head;the Mexican Construction company,
with General Palmer and Jay Gould ut the
head, and the Boston company. 1t is now
stated that the Mexican government will let
concessions to the lowest bidder who will
tlrnish ample surities and guarantee.
The New York Commercial Bulletin saws:
"The foreign dry goods branch Of the trade
has been moderately active At first hands and
the job5ing distribution oflarger proportions.
There are no important changes, however, to
note, the market being substanti lily as at
last reports, while buyers continue to act
very coGservatiyely. Large quantities Of low
priced silks are still passing through the auc-
ton rooms, which have been we'll attended
Black and colored cashmere are moving
Steadily, but other plain dress goods were in
active, while fancy descriptions are doing
we'll both at first and second hands. Novel
ties, with some exceptions, have been less &C,
tive Fine black and also colored dress silks
in fashionable shades meet with d fair re-
quest, but low grades of which, as often
stated, there lisa large excess, are not wanted,
and sell at very low prices. Black and
colored satins were in good demand"
About 10000 miles of hoop iron--enough
for three'told girdle around the earth will
be needed to bind the forthcoming cotton
crop if it reaches the number of bales pre-
dicted by statistans, or 6, 10000 bales. The
number of bands required is six to a bale.
They are uniform,size, IL feet in length, and L.
200 weigh ton. Hence there will be required
30S, GOO tons of hoop iron, with total length
of 99G,000,000 feet. The cost of ties will be
about S3,0OO,OO0.
1t is somewhat remarkable, upon compar-
ing the returns of British board of trade
for the seven months ending July 81, 1879,
and July 81, 1880, to notice the Increase of
the shipments to the United States of dry
goods The number of yards for the seven
months ending July 1870, was 80, 349, 700;fcr
the seven months ending July 81 1880, S. u.s.
500. In the month of July, 1879, the amount
of bleached ard unbleached cottons was
6,0S7 900 yards; in July, 1880, 8 296, 200 yards.
This increase of shipments is very large,
being over 70 per cent. Nothing which is
dyed or colored, or other than wholly of cot
ton, is included in this amount
1t is but few years since the introduction
of barbed wire fencing, but in those years the
production of this new fencing has been
simply wonderful, The farmers of the United
States have within the past five years put in
use over 56,0O0,0O0 pounds of barbed wire,
making in all some $4,000 miles of fencing.
This has been erected at cost of Sc, $50, 900.
The manufacture of this style of fencing has
increased from an output of 10000 pounds
in 1874 10 24937 900 pounds in 1879 1t is
thought by those well Informed in the trade
that the output for 1880 will rench fully So
100000 pounds. Over fifty different lines of
railway now employ barbed wire iencih g
along their tracks. Heretofore the greatest
sale has been in the west,
as eastern farmers and railroad managers
also, have entertained u prejudice against its
use. But now tn demand is charging in
the New England states, and the eastern
FARMERS nave COinC W HhO lnlS new renee,
and many eastern railroads that short time
since would not even look at this wire are
commencing to use it by the carload. The
chances are that 10 short time barbed wire
will bo as popular in the eastern states as it
is in Illinoi; or Iowa. A fine export trade is
being established in barbed wire, and as time
progresses we look to see this new product of
manufacture figuring as one of our largest
articles of export. This kind of fencing is
the cheapest known. 1t costs less than one
half as much as / e post and rail, the old
fashioned worm fence or the stone wall.
1t would seem to be pretty certain that
steel is destined to supercede iron in steam
ship building quite as etfectuslly as iron has
superseded wood. Evidences of the fact
come to us almost every day from the great
English ship ysrds.
For twenty-five years previous to 1875, the
balance of trade was against us to the extent
of $1,000, 0000 00-an annual average excess
OF imports of more than S60,0,00O. Dur |
ing the past five years the balance of trade
in our favor has been 1921, 119, S28. or a |
yearly average in our favor of $1S5, 100000, |
Walter Brown e Co.'s wool circular pub.
lished in Boston, says:
The wool market for August opened with |
moderate inquiry and strong prices; the
purchases, however, by manufacturers were
mostly confined to their immediate require
ments, as they have had but little induce.
ment from the sales of goods to encourage