The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1882-07-08
FINANCIAI AND COTTON.
FINANCIAL

THY Chicago Times has the following: While
California has dropped rom the hrSt place 70
the second as producer OF the precious metals,
colorado having taken the lead last year il is
puShiug rapidly To the mont as a wheat-produc-
inc stare A san Francisco paper SAYS that dur
Ing the harvest year ended June 50 ISL, Sn3
vessels were cleared from california with wheat
and nour and four with barley. This year 10
thr,pilllp of June, 3 A. vessels were cleared and
estimating the number for the last half of June
tobeth- same us the first half the total for the
wear will be $50 vessels. the average carrying
CAPACITY is estimated 1t Los long toAS per YES
sol This would give a total shipment Ot more
than 2&5U CO0 bushels during the crop year
1881, and more than 36,NOoO bushels during
the present crop year mostly wheat and Hour
an Increase OF more than &c per cent
This increase has been made in spite of
the destruction of large part of the crop
in the northern wheatgruwnS districts. The
export last year exceeded that of any previous
wear and the export last year aud thls together
has exceeded that of any previous three years
The exported part ufthe crop this year is worth
morn thai doubl, the entire output OF gold and
silver ana the total crops probably worth more
than four times MS much,
current wear has ranged all the way from 10
shiliiuLS GuElishl per l.hs ION IN y ShilllngS,
The average /, estimated Al Nhnh Z ShlllugS,
mud the total amount paid for ocean caTrlat = OF
California grain for he yearis ,StimAtrd tOAp-
priNim tie 5000 NGOn The san Fran iScO pa
per r. erred 10 remarks This is II severe tax
on ihrIutmprs of the state, but there are two
wv of l.,scuiug the n ritu One is To POM
late the sta and G. tHtrH large h me Cunsumu-
lion aud TIE 9th r is to 'hip more wheat iu he
furu ut flour The oleuiuu of the south, rail
rad route will help some this year for the first
tue Mr. Cha der the mariner Of the navy
Il, parmCut would name another way lie
won Pre- scribuu uuuiy. To he paid out Of the
proceeds OF Ia Nayinl, and 10 I've high enough to
Induce Americans In bu ID the ships and do the
carrying. Accu ding In his reasoning u the
tti. 90 t,f Ia urh A p,tt l,..t,
grain, since the money would 90 iutn American
packets, such Is The ,couom,r philosophy e
the BE- unity ava 'nOs''! OrEgarS ahd th- high
tari prot Cuuh Is.
Itup rNhN % e. unable to rise to The towering
height u this lhil1S rNN VIII lmuI NOR favor
ably Ut '"c D tAc>u"n' OF the Su Francis.
paper "r az l'".l n'' ol ihtu' Il l. ~ NJ
means crrIalh mat Ppu"t.E the state would
Afford ANY lrlt tn anne'N The probability is
TIM the y w population would increase the
wheat rodur' anon in prlpprtuu to their
nuLDnis and the surplus for export
Nyuuld lr lbs lnr,c or largCr than ever
The indications are that gold and silver
mining wil. NJ .gdilv decline in importance in
california md tie market for homegrown
whca, In thnt direction will be more and more
restricted on the other hund however, fruit
culrIre, an especially grapc-growing, may ad-
vance more rapidly than grain. growing and
the market I'm this direction may be enlarged
The home market may also be enlarged by the
establishment of manufacturing industries. and
very likely this would be the case but for the
ldiotic hoititles of the Pacific coasters toward
the Chimes As the case stands the other
P %oaT n of PF SS Most Me- f4 kT hT Wo
be f2n.l to be profitable to gTind, the wheat in
grain 80, the thing, will be done; II not no
b0dy need worry about IT, Self-intetest will set
ue the matter IN favor Of she larger profit ltit