The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1880-04-02
Commercial Noies.

Tho Kansas City Commercial Indicator
publishes special reports from Texas in ref.
erenco 10 the coming drive of cattlo from
that State 10 Kansas and other States and
Territories North, which places II 1T 20i20O
head, tho number Of cattle each drover will
drive being given Ia detail. OF this number
about 100000 have been already disposed Of,
leaving 200, $50 for tho open market The
drive will be principally Of young cattle,
and not more than twenty per cent. will be
beeycs There have been good rains in
Southwestern Texas recently. The grass Is
growing very fast, and the prospect for an
carly drive Is excellent. The cattle alonr
the coast have wintered well, and are in good
condition, but in more northern counties
they are thin in flesh. Atnn average of $40
apiece, the 29i,200 will sell for S5,sS4, 900.
This does not include the shipments that
will be made 10 Now Orleans and 10 the
West India islands, nor the beef which Is
packed in Texas and sent TO North Atlantic
and European markets. Nor does it cover
the hides and bones sent north daily, all of
which must be counted in order to arrive at
the correct revenue Texas receives from her
production of cattle.
AT Boston the demand for all kinds of
wool continues good ut firm prices, and tho
stocks are very much reduced Fall Cali
fornia in demand, and very little left of this
description on the market that is desirable;
sale at 2l@SS.
The nail manufacturers propose to show
TO the country that the producers and not
the spectators control the trade There il
no stock Of any moment in the warehouses
of the Western nail mills, and they think tho
two weeks suspension will so exhaust SUP.
plies that there will be no difficulty in main.
aiming prices.
In the Treasury statements are some items
nearly or quite fictitious. Amorg the totals
of outstanding currency is placed $15,674,.
308 Of fractional currency, of which it is safe
TO say that not more than million or two is
IN existence, the rest having been lost, do
stroyed or worn out. 1t might Just as we'll
be wiped of the books, and some use could
then be made of the ten millions of green
backs held in the Treasury as a redemption
fund for currency that does not exist If
they were applied to the purchase and can
collation. Of six per cent. bonds, there would
be saving of 100000 in the annual inter-
est account. Then there is also included in
the statements one and two year notes of
1868, and compound interest notes to the
amount of $685., 1896, all of which never pass
ed current to any appreciable extent. Final
ly, there are S6l,350 in old demand notes. is
sued before 1862, and these have entirely pass
cd out of circulation This paper currency that
we really have consists of the greenbacks and
National bank notes, now amounting to
about $500, 900, 900 in round numbers.
Of Louisiana rice the New Orleans Plea
yune says; The supply ahead, including
stock on hand, is about $4,000 bbls., which
under ordinary demands insufficient to sup
ply the needs Of Louisiana alone until the
new crop is safe to handle, hence the summer
will find this market for consumption in
stead of base of supply.