The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1880-08-20
MONEY AND TRADE NOTES,

Oshkosh, MS. mas lne largest HAUL lac
tory in the world
4 Cincinnati exchange states that some Of
the q rs OF that city are paying gold OVER
the inter- on checks in preference to cur
rency
Europe will not be as free to send gold as
aha was last year, for her supply is smaller.
The Bank of England holds about $50, 000,-
0OlD less of coin and bullion thsn year ago,
and the bank of France has about $4,000.
600 less than then.
The value of fractional paper currency
now outstanding and not accounted for at
the treasury department is Sl5,5Sl, 64S70.
The government began 10 issue these notes
August q, 1852. and closed the series Feb
mary 20, 1874. The total amount issued
was 1858, 724,O794
The total paid up capital Of the railways
of the United Kingdom Of Great Britain and
Ireland in 1879 was e7l7 900, which is an
increase of elS,45S,0 900 over the previous
wear. The length Of railway which that
sspital represented was 1896 miles, or $50
more than in 1878. OF this increase Eng
land and Wales claim SIS miles, Scotland Ga
miles: and Ireland % miles.
Last year the country exported us, 900 600
bushels of wheat; this years increase Of 50,-
100000 bushels would therefore give us an
available surplus for export of about 225,-
100000 bushels; to which must be further
added 100000 of visible supply on the 1st
of August, over and above the average of or
binary years, making the total available for
export during the current crop year, $780,
100000.
A New York exchange says GAS about
two.thirds of all the foreign imports of the
country are landed at New York, and only
about one.hslf usually about As per cent Of
the exports to foreign ports are cleared hence
we see tina! the balance of trade is still in our
favor, the total exports from the United
States for July being likely to exceed the
total value of the imports upward of Sl1,-
100000.
The grape and wine industry III the United
States is assuming large proportions. The
following estimates are approximately. cor
ect Missouri has 1900 acres of the vine in
the cultivation, producing last year 100000
gallons of wine; Sandusky, o., and vicinity
Including the Lake Erie islands) 1900 acres,
producing 100000 pounds of fruit; Cali
lUEuld OOiODV dClCo SlupOoI ippASSOLAsAhS 49,
money, including land, S3O,0Oo,00o.
The first iron blast furnace in California is
now 10 course Of construction at Clipper
Gap iron mountain, on the Central Pacific
railroad, 1872 miles east of San Francisco. At
this 1int there i, an abundance of hematite
and magnetic ores, and an almost inexhaust-
ible supply of wood fuel, and limestone con-
venient for hux. Including all contingencies,
SD will cover the cost of pig metal worth
$50 at least.
In the United States only small section
comprises the wheat belt now under cutiva-
ton that produces an excess of the require
ments of the population. Only nine states
according to the returns of last year, pro
duced an excess for export, viz: Minnesota
Iowa, Kansas, Missouri, Michigan, Wiscon.
sin and Nebraska, on the Atlantic slope, and
California and Oregon on the Pacific. The
adjoining territories are however, being rap
idly developed, and will this ye go to swell
largely the increased productions of the
states above named.
The LeadviIle Circular asks whether, in the
light of the following, Leadvile can be de-
clared u fraud: NET profits of original own
ers of Little Pittsburg, $l000,000; paid out
in dividends to stockholders in Little Pitts
burg, S1,0j0,000 net profits Of original own
ers Of Chrysolite 81, 100000; paid out in div
idends to stockholders of Ohrysolite, $1,000,
OO0 net profits of property in leis than two
wears, $4650,000. This sum of money
nearly four millions and three dusrtcr-has
been taken from farm of less than hun
bred acres in less than twenty-four months
If any farm of like size has ever done as vel
before in the worlds history, it would be in
teresting to hear of it."
A table has been compiled which gives a.
estimate of the worlds annual production
the leading articles of 1880 and at the presen
time. 1t furnishes key to the great change
which have occurred during the last centur
in the producing and consuming power
mankind. The increase in the production
wine aud tea il but little greater than the in
crease of population, which is estimated t
be not more than 200 per cent in Europ
nor more than 80 per cent. in the entlr
world. OF iron, 100000 are now prC
ducel, against $50, 100000 tons in 1850. III
increase in the production of steel is almo
equally remarkable, as it has risen from Az
900 tons in 1850 to 100000 in 1880. {
printing paper, the estimated annual pr
duct of a century ago was 10000 tons again
100000 tons at the present day; and abo'
the same advance has been made in the nun
Der of watches manufactured. The produ
ton of coal has increased from 100000
30O,O0O,000 tons pei annum, and the produ
ton of cotton in the same proportion, rislT
from $4,000 tons in 1850, to 10000 tons
1880. The two other leading articles
which production has increased with !,
markable rapidity, are sugar and beer, =
product of sugar increasing from 1000
tons in 1880, to 100000 tons in 1880, 81
the product of beer from 2oooG,oOo'iO9oO g.
Ions in 1880, to 8O00O,0O0,OOO gallons
1880.