The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1880-12-18

dpCl lJ,JUl, lB1
Silver DOllaTs"........,........... l5.4g4O 3
Total in fourteen months ...,..., sI9l $50. 23l
This is the total increase of CURRENCY NOT
in the national treasury, The addition 10
the paper circulation consists of S5,S3S,3l7
in United States notes paid out of the treas.
ury, S25320, 266 in silver certificates and
$9,7S9,5 in national bank notes. A like
expansion has not been witnessed in this
country since the early part of the rebellion.
when, in the fiscal year 1862 8. there was a
paper initiation Of over S3l600000O. The
next year there was a further imitation of
about $lS4,000 000 the most of it, however.
being in interest-bearing notes which were
not much used as currency. In no other
year has there been an expansion at all ap-
preaching that Of the past fourteen months.
Notwithstanding this great expansion, money
is scarce in New York, and the demand
from the interior continues unabated
Sales of steel rails during the past week,
is said, will reach nearly 10000 tons,
more than half the amount by Pennsylvania
manufacturers, the remainder by Chicago
and Cleveland parties. The demands almost
entirely from tho west and northwest and
large amount of additional orders are likelv
to come on the market before spring. Prices
realized in the above transactions are believ-
ed TO have been from S5S to $50 at the mill,
but the exact figures are not definitely
known. The increase in tho production of
steel'rails this year is estimated at about Is
por cent, or, in round numbers, $500 net
tons, The output at the various mills is
likely 10 BIO as follows: Edgar Thomson,
10000; Cambria, 100000; North Chicago,
S50O0 Joliet, $1,000; Bethlehem,
$4,000; Pennsylvania, $4,000; Scranton,
$4,000 Troy 100000 Cleveland, G0,O0O;
Union, $4,000; Vulcan, 10000. 1t should be
stated, however, that the production during
the last six months is much the greatest, some
Of the mills being entirely closed during the
early portion OF the year The above esti-
mate is believed to understRto tae output
rather than otherwise, in which cas- pro-
duction Of nearly million and quarter net
tons can be made III 1881, if necessary. The
development of this branch of the iron trade
withn the present decade is something won
derful. In 1870 the total production ia the
United States was less than $4,000 tons. On
the years business the five Pennsylvanis
mills are expected to produce 100000 touf,
and the Illinois noxt with an output Of 220,-
900 tons.
Indiana has III coal mines, employing
3,459 men, and the product this year is
49, NV .' 80
In III arIielS gu our i3leIsn 'rauo we ne"
lork Oonllne Io puo ocH SHOWS 'nAS LOT
the slA years, 1000 70 looV inclusive tne mel
export OIL gold Sn as SILVER rom tnls country
averaged S4S,oUo'0oV ana tne nome produc-
uon ?oi ,oVV'OJO; IN the SIX following years
a.perod embracing tno war Win all lts IMAM,
ca! dsrSnSemeht'-the net e1porS averaged
S4 9UOVVV' WIN IN ave'ase prU Se4 w OF
300 'VoVUV; lor inc sl& yGa no o loo'-'4, tno
average net S1po orr W %GS qo2VvVvvV Nuu vac
1eoo W. So1oSvoVU, YIN Wy ivu' go .n
lo.o.'o-wii' ie's Vlo o u.rsc' olSoS VI 'ne 70
g,ea d Ps nno OIL "'ei"so Iss eA1or' %
S0o'o0V'U0TU' WIN PEouuc'iSn vi
9'LoVJ'VVo' Durlns th9 6 n,ss VI tne'e
pe',Uos sng oNPol' n1S'aSsu a. ~ "A 'no
W ;nS y ~ I,iUo" nont Thms 1so ra,;n ~ Tho
p pun1,,o,'n, rptsiroJ far homo uss has hspn
i,oo JHC' ;"orsasin.. bui ne ;ncraasa il in
- a.,,nII - 'bot II is 4 ,ubtfnl sybetber
go; ;tuans, s r,moh "a snn,bing hsvend the
orog;n go ronnirements far tha arts and manu-
factureS T'hesa facts demonstrate that il has
been the normal rule for four-Giths Of our
nrodnct of gold and silver to 90 to other
countries. In explanation of tho reversal of
the usual order of things, the Bulletin shows
that the export of brssdstuff5 aud provisions
for the last three years aggregated Sl,20l,'
5000; while for the three yearl the value
showing thst an increase on the
nation.l exports of S5O4 ,92O, 900 consequent
unon the three successive failures of the
Enronsan crops. When, in contrast with
this increass OF exports, it ia considered that
the importation OF merchandise for the past
thrse wears sgpregsto only Sl,425, 900, 900
while for the three preceding years the vAlaC
was 81 626 OOOO D0. it will be quite apparent
what annie reason there ia for Rttrbutinl
the lsta extraordinary course of tho specie
movement in the still more exeraJrdinary
vicissitudes Of the food crops,
M ..,., oo,orrrt;or Of cofI.a in III,
Ira;to5 sVa' dmrio@ tbs eleven mopths end
inc Novon,ber 70 1880 as Indicted nv tht
my No'ouio9t w, f'r tbo Atlantic snC
Warehous' uo'iTo os9 orc ha"s o@sinst O8G
zoo $3.50 az, "1 ,;,an in 1870 aud 696 Sl9 II
$50 ~ i0i ''ii' '''i' - 'O
1910 ..,.o, g..
Introductory steps nave oeen . 'SSon gu ;o1
meeting in Chicago OF me raliros5 1 S Vhic,S
of tho Wabash, Limos central anu Sn'c"s
" Alton roads for setIlgnens 81 .no prs .S
senger trainc questlon, auu eSs'S sS VI tI
war Wnlch ms Ue0" '''i''O Va ava
The Psnsms canal OF Gs hosSops 70 hoV
only aquestion of time. IL receives Is is nnaa,