The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1880-08-27
MONEY AND TRADE NOTES,

The Boston national banks have q COM
bined capital of $40, $4,000. They 'eport a
specie supply amounting to S6,S49, 900; de-
posts aggregating 1858, 100, and loans
reaching Sl4S,05B, $780,.
On the overtowed lands along the Mjssis.
sippi in Iowa and Illinois, where corn was
damaged, the farmers have sown Hungarian
grass to large extent, and thus have made
provision for a supply of feed for stock.
The hop crop in the S ate of New York
and throughout the county this year will, it
is stated, exceed that of last year % per cent
or about $50 900 bales. In New York city
few days ago new hops grown in Oneida
county, brought 90 cents per pound.
In coming S20,000,000 in silver and $780,
100000 in gold at the San Francisco mint IN
1878 there was lost only $50. Tbs carpet,
which had been down FIVE years, was taken
up last spring, cut up into small pieces and
burned in pans. The debris was put through
the same process as mining dust, and yielded
$500.
The foreign exports of hog-product from
the seaboard have increased and for the week
ending last Saturday amounted to 20,63S 600
lbs, against 1852, 2S3 lbs for the previous
week, and lS,l54,l4 lbs. for the cor
responding week last year. The gain over
last year was wholly in bacon, there being
falling off in pork and lard.
The cranberry growers in Ocean county,
New Jersey, anticipate m unusually large
crop. The Toms River Courier states that
the setting of fruit is very abundant, and, ss
srule, the bogs have b en- exempt from the
rayages of the freworth. If the berries
should escape the "scald," the crop this sea-
son will be larger than that of any previous
season for several years.
The crop of cranberries in Wisconsin is re,
ported to be only fair owing to the high
waters prevalent during good share of the
season. The crop for the state is estimated
at about 10000 barrels The quality OF the
berries, it is thought, will be very good, the
cool weather having been very beneficial. In
about three weeks the crop will begin to
come forward.
Wheat cultivation in India is increasing
enormously. In the year ending June 80,
1879, Bombay exported only 1924 cwt. of
wheat, but in the year ending June 80, last,
exports had risen to 9l2,5S4 cwt. Crop ac-
counts rom thence are better now than for
some years past, and the encouragement
given to wheat raising having proved ample,
it is fair to conclude that the English imports
from India should prove an important factor
in calculating the course of prices for the
American crop.
The San Francisco Merchant says
"Though the season has we'll advanced, we
have only dispatched FIVE vessels with 1856,
092 centas of wheat up to August y, while
last year by August IA, We had dispatched
twenty vessels with 756, 22S. With cropto
dispose of over one-thrd larger than last
year we have fallen behind SOL, 900 centals."
Since March the total hog-packipg in the
west has reached 1896 900, or l,2l5, 900 more
than during the corresponding time last year,
and since November the total is 10,6i2 900,
or a gain of G85,000 over the same time last
year.
The Vienna correspondent of the London
Economist writes on August ain Ger
many, as well as in Austria AMI Hungary
reaping has been going on, exceptin the
northern parts of Germany and in the higher
districts of southern Germany and Austria.
In the latter, wet weather is the cause ofthe
harvest being late. On the who'll, the re-
suits are about as good as they promised TO
be. Hungary has had good average har-
vest of winter wheat, and thoroughly good
harvest of summer wheat. Austria has had
good harvest for wheat, rye and barley. 1t
should be stated that the principle wheat
producing provinces have had better har-
vest than the other parts of the country.
Austria and Hungary will be able to export
large quantities of wheat
The officers of the United States treasury
department are reported by the Washington
correspondent of the New York Evening
Post as notexpecting that our gain in gold
for the present year will be so large as it was
last wear. Crops in Europe are much better,
and the grain harvest in Russia is only par
tisl failure, instead of complete one, as has
been heretofore reported. France and Eng
land will buy more Of our grain and bread
stuffs than any other nation. There are now
ahoat on the way to this country S2,OOOOOO
in gold for the settl, ment OF the balance due
to the United States, and this amount will be
increased as the autumn shipments are made,
but our imports in gold will not reach the
figures of last year. 1t is estimated that they
will be between S40,000OOo and S5O,OO0 OOO.
The New York Bulletin says: "As mat
tiers now stand, there will be little doubt
that taking Europe as a whole, its wheat
crop will be an average one. Its require
ments upon US for meeting consumption re-
quirements may therefore be something less
than half the quantity of our exports during
the last crop year; and the remainder taken
from us will be either on speculation or to
fill up depleted stocks. Under these cir
cumstances, we shall stand at disadvantage
as to price, which European buyers will not
be slow to turn TO account. All immediate
wants being supplied from the home crops,
our supply will probably be neglected until
we are ready to sell at low prices possibly
much lower than those at present current.
In that case, two results would follow, im-
portant to the money market-our exports
of wheat would be delayed instead of going
out freely early in the seas IN, as last year,
and the shipments would realize less
amount than those Of last season."
The St. Paul Pioneer Press says: "Mr.
John Shields gives some interesting particu-
lars of the progress of the construction on
the Thunder Bay s. Selkrk Division of the
Canada Pacific railroad. The work under
taken by Mr.. Shields company is a stretch
of So miles from Rat Portage to Eagle Lake,
part of the missing link, and connects with
the Purcell Il Ryan contract on the east and
the Whitehead section on the west. MIR.
Shields firm are pushing the work as rapidly
as circumstances will allow. They have now
1900 men at work, and expect shortly to in
crease the force to 1000 at which figure it is