The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1880-07-22
MONEY AND TRADE NOTES.

The impor,ations of specie and bullion at
New York during the week ending July 9th,
amounted to $99,442, including $59l05 gold
and $40, 1897 silver Since the lst of January
the importations have reached S4,8162S3,
consisting of S1,8S9,7l0 gold gold, $685.
494 silver and Sl,079 brass and copper coin.
From the 1st OF August, 1879, to July 8,
| 1880, there has been total importation at
New York of $82,S23,945, of which ST.
l49,051 consisted of gold and 1854, 1874 Of
silver.
New York usually receives about two
thirds of all the foreign imparts landed in
this country, an ships about 46 per cent OF
all the exports, so that it has been compare
lively easy. having found the total at the
port, to reckon the foreign trade of the whole
United States. But the sudden and enor-
nous changes in the foreign commerce of
the year just closed h 5 rendered this far
more difficult than heretofore. The returns
from other ports than New York for June
are not completed. A year ago the compar-
ison stood as follows:
Imports at MI port, lS7s-9 ...... Si76, 0T3,775
Exports from all port+, 1859. seas. 7S5 i36 $50
Excess of exports. $3.50, SO. l07
The following is the estimate of the Jour
nal of Commerce for the fiscal year Just closed,
all the ports being completed for eleven
months, and New York for the whole year:
Imports al all the ports ls79-S' 1851 Oh, co.
Elk ports from all the ports, lS79-S0 $50 600, OOo
EXCESS of exports ..,.............$ $4,000, 600
The Journal of Commerce says: "Of
course the change from two hundred and
sixty-nine millions excess of exports for the
year ending June 30, 1870, to ninety.tw
very significant, but it is far better showing
than expected. With an increased import
rom capital Of ! i66,073,775 in the former
year to total of S76l 100000 for the last
year, it was certainly most reasonable to ex-
pect that the balance Of trade would be
turned largely against US. That it is still
nearly one hundred millions in our favor is
cause for serious congratulation."
According to the Blue Book, which con.
tains the railway statistics of Canada for
1879. the total railway mileage of the domin-
ion on June 30, 1879, was as follows; Rail-
WAYS actually in operation, 6,4S4 miles {;
railways under construction, portions of
which are compile d and track laid, 500
miles, railways under construction, S45 miles;
total, S,022 miles. The mileage for the pre-
ceding year was: In operation, 6,l43 miles;
under construction, 1892 miles; total, 1905
miles. There was, therefore, an increase of
BAL miles in operation and decrease of 224
miles under construction. The total increase
in operation and under construction is ll6
miles. The nominal capital raised for rail-
ways up to June 30th was $273,S26, 1Si, in
addition to S88,259,957 from the dominion
and provincial government, municipalities
and other sources.
The following is from the Pittsburgh Com
mercial Gazette: THE view given by an
afternoon paper Of the movements in iron to
the effect that the recent break in iron was
movement engineered by the iron trade to
chisel the innocent and confding ore men
out of 20 per cent. of the contract prices on
ole, would be very unhattering one to the
integrity OF our ore men, we're it not more so
to the Intelligence of the writer who gives it
publicity. The decline was about $50 n ton
on bar iron and $50 u ton on pig iron,
which we ar asked to believe the iron men
threw away on the chance that they might
get 81 90 u ton of an abatement on their ore
this year With something like half mil.
lion tons of foreign iron at the seaboard and
large domestic capacity ready to start if
higher prices arc reached, to say nothing of
last years experience, the idea that the iron
men will start another boom as q sequel to
the alleged manipulation is not more re-
markable for a lack of common sensef"
The end of the planting season indicates
that there Is % be no overproduction of dark
and heavy tobaccos east and west. The area
under such in Kentucky is estimated at 10
per cent, in Tennessee 80 per cent, in the
western leaf states of all kinds 70 per cent,
in Virginia and North Carolina go per cent.
The Maryland crop is estimated at about GO.