The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1880-08-28
MONEY AND TRADE NOTES

The demands of tie watch trade in this
country now amount to 5000 watches a day.
Ofths number the large manufactures pro-
duce 1850 lay, AS follows; THE Wal
than factory, 1850; theElgin, 500; Springfield,
Ill, 20; Hsmden watch company, 30; How
ard, 26 Lancaster, 80; Rockford, 40; and lots
of them are produced by small establish
mepts. One-thrd Of the watches made by
the Walthsm company are sent abroad.
The special agent Of the United States
census 10 compile the manufacturing Sta
tlatics OF Chattanooga, has completed his
work and reports S2,29l, 600 as the amount
Invested in manufactures in Chattanooga.
In addition to this there are plants now tenn
porary idle, which will require not less than
$500, 900 capital to operate them properly.
The report also leaves off 100000 invested
in furnace plant at Redwood the prop.
erty of the Roane iron company of this city,
the product of which is handled and con-
sumed here. This would swell the total
amount to little a owe $4,000. 900.
Cincinnati can claim to be a great trad
ing and manufacturing city. Her iron man
ufactures are now valued at Sl7,000OO0
yearly, while Of other metals she produces
wares to the value of over S5,000000. The
extent of her ork-pacllng is shown by tho
fact that her food supplies are valued at
S20000,OO0, while her beers and wines are
worth S26 100000 yearly In wood manu-
features her annual output is estimated at
olo0O0,000. Her leather product i, worth
SlO,OOOOO0 and of soaps, candles and oils,
she makes and sells 10 the extent of So, 640,-
COO yearly. Cincinnati expects to handle
$4,000 bales of cotton this year.
A detailed statement of the Texas cattle
drive, published in the Omaha Republican,
gives the number as 301, 900. OF the above
number about $4,000 head will be driven TO
the Union Pacific. The cattle are in good
condition, fully up to the standard of pre-
vious years, and are mostly onr two and three
years old, but very few being beef cattle.
The drive to Nebraska would have been
larger had it not been for the drouth making
scarcity of grass along the road thther.
About 5000 horses are being driven up from
Texas this season, of which number about
5000 will go to Nebraska.
The value of land in London is illustrated
by two recent sales. At the auction mart,
token.house yard, Messrs. Edwin Fox &
Bous6eld sold, by direction Of the first COM
missioner of her majesty's works, premises in
Steething lane, Town street, at ca l78 4d.
per square foot, or at the rate of 1922
per acre. They also sold, by direction of
the court Of chancery, ten freehold houses in
Ely place, Holborn, occupying together
about l3,4l2 feet, all with vacant possession,
the leases granted SO years ago having ex-
pired The total amount of sale was e34, $40
being at the rates of CO lis. Cd. per square
foot equal to &ll2,l67 per acre.
The New Orleans Times has the following:
Along with thousands of others we are tired
of hearing the change rung on the poverty
of the people of the south. Some persons
seem to take pride in holding up the entire
south as composed Of little better than men
dicanLs and psupers. 1t is not the truth.
The south is prosperous and prospecting, and
richer than ever before, but the wealth that
exists is more evenly distributed than in the
old days. Especially il is to be noticed that
our farmers have done we'll, and hold more
ready money in their own hands, and are
freer from debt than at any time within |
the last fifty years. Apropos of |
these remarks we see it stated |
that Mr.. Edward Atkinson has recently pub. |
lishei some interesting statistics regarding |
the cotton crop of the southern states, from |
which it appears that the increase Of fifteen
years has been $780, 344 bales. The fifteen |
years crop of cotton have brought to the
cultivators over $50 per bale, or about 3d.
500,00O000 in gold value, and the excess of
production consequent upon free labor has |
been worth nearly S60O,0O00O0 in gold coin.
The value of these fifteen crops of cotton at
the factories or at the ports of shipm MT has
been little, if any, less than S4,000,000,000 |
in gold. Compared with grain exports, the
cotton crop has had more to do in preserving
favorable balance of trade than is generally
believed.
Few people have any idea fthe amount of
grain carried from st. Louis to New Orleans
by barges and boats on the Mississippi river.
We have obtained from the secretary of the
Merchants exchange few figures that will
tell their own surprising story. During June,
July and August (the latter month proxi-
mated) OF 1880, 1,529,744 bushels of corn
were shipped by river to New Orleans against
325,000 bushels during the same months of
1879. The shipments Of wheat for the same
months of 1880, were 2,6S6S71 bushels
against 1,09l,443 bushels for similar
period OF 1879. During the frs. seven
months of 1880, 406, 1852 tons of freight, or
40617 car loads were shipped from ST. Louis
to New Orleans, against 236, TAO tons, or 2S,-
GA car loads for the same months of 1879.
One tow, taken down the river from this city
recently, consisted of 207,775 bushels Of
wheat, which would fiji; 623 cars and make 81
full trains. A few days ago an order for
half million bushels of wheat was declined
because i, could not be shipped for lack of
facilities for transportation. On the 10th Of
this month there was 80 feet of water in the
South Pass, making it possible for the largest
ocean vessels to come up to New Orleans.