The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1880-12-21
MONEY AND TRADE NOTES.

duced its rates for messages between Ne
York and philadelphia and Baltimore ar
intermediate places. The reduction max,
the rates uniform with those of tho America
Union and Atlantic & Pacific compsnio
They arc Is cents for a messsg. of ion wore
between this city aud Philade'phis, and }
cents fer a Similar message bstVes
this city and Baltimore. These hsv
been the American Union rate. +,
the last Ave or six m.ntb,
and the competition wSs met bv sdop,in
the same rates .on the Atlantic & Paoa
lines, but tho Western Union has now ouict
ened the rivalry between the two comp.n;a
by making the same rates on its ovs lips,.,
OF the production Of vine in Csliforri,
the San FRANCISCO Alta says: ."Tbe ran,
crop Of 1880 has been large, and though M,
in ripening, tho season has been favorable FL,
masking wine and raisins. We had NJ
rain until the 29d Of November. srG
then it was light and lasted only si,pls 6sv
mot enough TO do much dsmsse to the f. =,
grapes not yet gathered This Quantity az
wine made ia 1880 is a mstter OF surmi~
but will probably De 100000 OF l2,00O. /.
600 gallons. II hiss been the custom of tho
wine dealers to overststs ths QUANTITY in are.
vious yesrs. They wouls publish 8 600 ono
600 or 100000 gallons vixen i, was mot
more thas 100000 Ssn Francisco has
never received more tNsn 100000 gsllong
in year, nor has tho stsso ever oxported
mora han 100000 gallons in wear. The
receipts at San Francisco we're ], 100000 gal
Ions in 1876, 2, 4O0,000 in 1877, 3,0OOO0O Ia
1878, 100000 in 1879, nnd the
same il $780, The raeeiDt, Of
brandy were $4,000 gallons in 1876: 100, 900 in
1871 no. 600 in 1878, and 100000 in 1879
Our wine exporta by sea vera $4,000 Gal.
lonf in 1879. 100000 in 1877, 1880 600 in
1878, 1,400 900 in 1879, aud thu same amount
in 1880. The export by rail is about 900
900 gallons annually. The figures for 1881
will probably show decided increase over
1880 Tho state hSs nsver approached the
limit Of its capacity in wine making, the
greater part Of the grapes having bs,n used
every ycsr for the table, whilo msry have
been SLOWED to spoil on the vines, and the
hogs have beoH turned into come vinvsrds. As
the most prSRtablo uso that could be m.ds
Of theN. Their have besn yesr, when
grapes seld at Los Angeles aad Sonom. for
one'hslf cent poRDd 1T whcleesle, and
such low prices s!ill prevail in large vino
yards in the Sierra Nevada, remote from the
market"
Very few persons are aware" says the
New York Times, unless personally or 10.
culiarly interested In i, of tho magnitude of
cigar making ia She republic particularly in
this city, whsre it steadily and rapidly in.
creasss The American INSIDE cigar sailing
at fifteen cents by retail is said to be euperior
10 tho samed priced Cuban cigar, which il
is driving out Of market A factory here is
reported to DO the largest in the world. 1t
has only sixty cuitomers, and refuses to
swell the number, becsuso it cannot fully
supply Their demsnds. Some / 500 persons
men, women and chlldron-are in It's
employ, and the firm IS building
another factory which will need as
many more. But even with their enlarge
facilities they will not sack anothercu,tomor
This is y statement OF their bIsines last
Octobsr Cigars dolivsred during tho
month, 4,S28,55O; W'gcs paid, S64 600;
amount paid government for reveEus STAMPS,
S8S 900; amount Of duties paid on foreign
tobaccos, S4, l54; paid for cigsr boxes DUR
ing the month, 1896 q; loaf tobacco
worked into cigars, TWENTY-FIVE pOundI to
the ona hundred cig.I, $4,000 The rap
idity Of the growth VI our cigar fActuro
is asserted 10 DO greater than csn be readily
imaeined. Millions of our cigars are annu-
ally exported 10 Europe, and the number of
Cuban cigars imported is but = triilo compsr.
ativey. The Ame,icsn product in this
branch OF enormous industry must be count
cd by Thousands Of millions"
SAYS the Chicago Times: Tie sill
verites are delighted to see silver
going into circulation in the form OF certif
Gates. Perhaps they will not be much de-
lighted by and BY. Under an order Of the
treasury department, issued something more
than two months ago. any person depositing
gold at the sub-tTsasury in New York can
have an equal amount of silver certificates
delivered to him, free Of charge, at any other
sub.troasury. In this way persons wishing
to send money rom New York to Chicago
Cincinnati, or elsewhere, can save the expense
of shipping gold or grssnsscks. Advantage
has been taken Of this to flood the west with
silver certificates, which have been paid by
the railroads to their hands, aud to the farm
ers for their produce. But the banks dislike
them. They do not permit them to be used
in settlement Of clearinghouse balances.
They do not receive the larger denomina-
tons on deposit St all, and they receive the
smaller ones only when they constitute q
small part of deposit. They work them
back into tho treasury in payment OF dues of
various kinds to the government; and it is
because the larger ones are less svsilsbie for
this purpose thaa the smaller ones that the
former arc not taken on deposit. From the
Let of September to the 1st of December
So 100000 of these certificates have
been put in circulation in the msnnor de-
scribed. The western and southern demand
for currency will probably cesss before long,
and q rsaux TO the money centres will set in.
Then the certificates will rush bsck into the
treasury as fast rs they have rushed out. The
government will receive certificates instead
Of gold and gresnbscks in payment OF Gus
toms and other dues, aud aS the gold receipts
will DO less, the gold payments from the
treasury will have to be increased, and the
GOLD reserve will be diminished. This is the
process by which, sooner or later, the none
tary standard will DO changed TO silver, uE-
less congress shall have the wisdom to pat
stop to the coming of that metal.
Foreign advices report sales OF 30 600 tors
of steel rails in the Genmsn market for
American account.
New York sdvices state that within the
past six weeks contracts have been closed
for more or less extensive lots of ingot COP
per, tho total of which is placed now at
5,OO0,0 900 to 100000 lbs. The entire
amount has bean taken by manufacturers,
and includes deliveries up TO next April.
About l9c seems to have bcsn the basis OF