The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1880-08-08
MONEY AND TRADE NO7Es.

n on, oad are favorable IOr iurther improve
a prices. One cause which the Gazette
5 exerts directly sustaining influence
Tho iron trade is the large volume of rail-
way construction.
Houston Post: We see by our exchanges
that the Great Eastern has been chartered by
an English firm for the purpose OF transport
inc meat and cattle from Texas to England
The company has issued circular explain.
inc lis intentions, ono of which has been sub
mitted TO the governor. We have not seen
this circular but understand that the COM
pany contemplates the policy of sending this
aleyiathan among the minnows" to some
point on the Texas coast say Galveston OF
Eorpus Christi, and there take in freight of
10000 cattle for the English market. The
enormous bulk of the ship will allow this
number to be carried each trip and the ex-
pectation is that four trips can be made during
the year. 1t is further stated that the Great
The butter receipts thus lar this year
amount to over 100000 lbs, against 3D.
$4,000 lbs to date last year; and the ship
ments amount to 49, 10000 lbs, against 90
1876 780 lbs to date last year. Wool receipts
exceed 100000 lbs, against 2S,OO00O0 lbs
last year to date; while the wool shipments
since January l amount to only l7,l450O0
lbs, against 25,234,000 lbs last year up to
July 81. Hide receipts have reached over
80 400 900 lbs, gain over last year of TO-
o. $1,000 lbs, while the shipments from here
have reached nearly 35,O00,0O0 lbs, against
80 500, 900 lbs for the corresponding period
last wear. HAY receipts thus far for 1880
amount to 2S72l tons, gain of over 10000
tons over the ceipts tor the same time last
year.
There was marked improvement in the
crop advices throughout last week, and the
indications point TO much larger yield of
spring wheat than was generally expected q
short time since. The weather IN nearly all
sections of the wheat belt has been generally
clear and cool and very favorable for ripen-
ing. Harvesting operations are In full pro-
gress, and it 10 estimated that in a week or
ten days, at the farthest, the new wheat will
have been safely gathered. In Minnesota
the crop, which was last year about 30,OOO,-
900 bushels, is expected to yield this year
about 100000 bushels. In Dakota the
crop in many sections will be double that of
last wear. la Iowa the yield. will be larger
than that of last year, and in Wisconsin
somewhat smaller. The accounts generally
agree in stating that the wheat is in fine con-
dition and the quality will be better on the
average Other grains are looking WE'LL and
corn particularly is represented as likely to
produce the largest crop ever harvested. The
southern states are also to be favored with
large crops, especially the great staple Of
cotton, the yield of which promises to be I'M
usually as large.
Concerning the New York wool market,
the Comercisl Bulletin of Saturday, says:
The general run of business is still con-
fined in the main to parcels required for
early consumptive wants, and the market in
consequence shows an absence of spirit or
animation. The promises for the goods
trade are sufficiently encouraging to lead to
the belief that q pretty full amount of wool
will be wanted; out manufacturers are still, as
q rule, unwilling to anticipate their require
ments, and, with the possible exception OF an
occasional choice and extra attractive par
eel, it is rare TO hear Of purchases against the
future. Just now there appears to be quite
a little call for good medium complngs at
4S@49c, or possibly soc, but very little OF
this class Of stock is here, and the business
reported is light. Advices from the interior
report a stand off, and the letters at hand
contain nothing of special interest. Inc gen
eral supply on this market increases slowly,
and should any liberal demand develop sud
denly it ,uld be difficult to meet 1t, only
two or three houses having anything like
respectable accumulation OF domestic. For
eign, however, is plenty and owners, it is said,
are little more anxious to md Call
for it."
Eastern will be utilized to carry on her other
trip emigrants for our shores. The
great facilities that will be afforded by
this arrangement are expected to draw
a heavy flow of immigration into our state,
as the expense will be much lessened
and the difficulties of the route simplitied.
II this experiment shall be made in good
faith. and with sufficient capital to inaugu'
rate il fairly, there will be quite revolution
caused in transportation rates, and an in.
creased stimulus impaired to the rearing of
improved and marketable cattle. The Great
Eastern has ever been marine elephant on
the hands of its owners. AS common car
rier the mammoth ship soon proved COM
plete failure. Her enormous tonnage, con,
sumption of fuel, and huge bulk required
for each trip goods enough to furnish a
town, small mountain OF coal and regl-
ment of men. She soon broke her owners.
After various experiments, she was laid up
in ordinary, until called into requisition for
the Australian emigration purposes, for
which she was peculiarly fitted; with the
subsidence Of that movement this naval
Othello's occupation was gone, and II Will De
q godsend to her owners ii the Texas scheme
of transporting cattle and emlgrants can
afford sufficient scope OF work TOR this mon
ster of the deep. , :,
The New York Produce Exchage Weekly
saws: Official Russian reports Of the ?th
inst, states that in upward OF forty Russian
districts the yield Of the crops will be under
average. In many provinces prospects are
serious. In some districts in the sout1 the
cereal crops have altogether failed, owing 10
ravages of insects. In the government OF
Khaskoff ten districts are laid waste; 200
tschetwerts, or about $4,000 bushels, were
collected and destroyed in two districts In
the Bukhmot district of the Ehaternslon
government the population had aband med nei
the task in despair after gathering. 9,ooo
bushels, estimated at 5000, 900, O0o OF insects.
This appears unfavorable for any consiuer-
able grain exports from Russia during the
coming crop year. The last four years mas
been 54,OOO,OOO bushels, and for the last nj
teen years about 100000 bushels. Other
reports say that the crops in the south lock
well, but are rather backward. A In the nor a
for the wheat and linseed the prospects
are good, but rye is likely to prove under
average.
ChilbIaims