The Waco daily examiner. [volume] (Waco, Tex.) 187?-1888, 1881-12-23
FINANCE AND COMMERCE.
Quotations and
stare OF Erade.-S5iCei
ous Commercial Matters.
Financial.

money market continues rather StrlD
gent, owing, perhaps, to the larg
amounts OF actual money being locke,
up and Withdrawn from trade channel
20 call in bonds. In London the speci
decrease to-day was G4l5,OU0. Consol
we're quoted st 80 BIG and accoun
it 997-l6; Erie was going at AZ. i
New York the stock market opened a
decline of Z to = yer cent
Sight draft is at par in New Orleans
| IterliIg bank exchange IL S4.79l3
consoIs are G59GSl2c.
Stocks in New York were irregular ans
unsettled on the last call. Money II
quoted at 6 per cent exchange is Site
for long and $685. for snort. Stat,
bonds are inactive, aud government
are still quiet and unchanged.
Commercial Paragraphs.
Tho continued uncertainty in regard
to the re-opening of France TO the
American hog product trade, continues
to exercise a depreciating influence, and
it is believed that the sooner our gov
srnmeut arranges the matter the bett I
It will be for the large interests con-
cerned. The losses to dealers in this
country, by the prohibitory decree, have
been very serious, and it is urged that
retaliatory measures by our government
would be quite just.
About twenty leading manufactur-
ers of Illinois have adopted resolutions
ON the action of the state railroad com
missioners III fixing uniform railroad
rates compelling railroad companies to
charge large patrons exactly the same
price per car as small ones. They de-
clare that this action will drive from the
state twenty millions of business
and that they will combine against this
unjust discrimination, if necessary, by
taking political action. The movement
seems likely TO become formidable one
as the interests involved are immense
and are fully aroused.
"A New York paper, GA the opposite
side OF the fence, under date Of the 18th,
remarks at is true that our stock (in-
terror and port is in excess of last year,
but the visible supply Of the world,
which, of course, includes interior and
port stocks, on last Saturday, was 2,671,-
900 bales. On the 3lst instant the Wis
able supply Will probably approximate
2,S000J0. In 1874, on December 81, the
visible supply was 2,7910OO. The price
Of uplands on that date in Liverpool
was slid touching 81 later in sea-
som, and in New York, same date, 143Sc
touching 1890 in March,. Tn con-
ditions existing in 1874 We all remember
as of extreme depression in all branches
Of trade, while this year We have the
reverse. Our readers Will therefore see
that present prices are not dear. and that
there is plenty of room for a good, big
advance, which seems inevitable sooner
or later. With drop in receipts, Liv-
erpool will be compelled to bid up and
secure her supply. Otherwise the crop
will be equally distributed, America and
the Continent taking more than their
share, thus threatening scarcity IN
Liverpool in the spring
Edward Atkinson says that III, 800
miles of additional railroad viii be
demanded during the rest of the present
century. When these roads are built
the proportion of the total mileage to
the area Of the union Will be only one
mile of railroad to about fifteen square
miles of territory. That is, even then
the United States as whole will be
only about a quarter as well served as
Massachusetts, now is. But if railroad |
building goes on at the rate which has /
been kept up during the present year,
the II 1000 miles of new railroads which |
he thinks will be demanded before the |
end of this century viii have been laid |
within fifteen years. He makes allowance |
for at least ono commercial crisis and /
one railroad panic during the next seven /
years, which viii retaId the process of |
construction, 30 that die whole u his /
mileage viii not he added |
until 1909. At the opening of the next /
century the United States viii have /
209,0O0 miles OF railroad, against $1,000 |
miles in operation at the first OF 1881. If .
these additional roads cost at the begin
ming $4,000 a mile, the expenditure on
them will amount to over S1,900,000,000, /
or more than &2GO,000G00 year.