The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1882-04-22
1HF DALLAS HERALD SATURDAY MORNING. APRIL 90, 1882

fall orders for cars were frequently refused. The
manufacturers Of railway supplies think that
the denression threatens to b. permanent
According 70 the Bulletin OF the lron and
Steel association in speaking of steel rails it
says; The capacity of the American works is
now In excess OF the demand" Ii this is cor
rect as II doubtless is, the domestic makers will
mol allow many foreign rails to be brought in
beyond those already contracted for
Sec here said Milwaukee railway official
70 reporter of this sentinel Who entered his Of
flee, Il want 10 call your attention 10 something
Of interest TO the people OF Wisconsin lie
llourishcd a Chicago daily IN his hand and
read .therefrom two items Announcing the arri-
M OF 7. y. Finney general manager Of the
Wisconsin central, az the Palmer and 4 X
Phillips, president of the Eastern railway, of
Boston, az the Grand Pacific. Now" he said
that is apparently all right but | assure YOU
II IS only for effect In the first place you
must know that Messrs. tinncy and phillips are
closely interested in the New Milwaukee n ake
Wlnnehago railroad, the proposed southern
leeder OF the Wisconsin Central, which, though
twill be only siXty-fvc miles IN length il is
claimed will cost s3,C0A00l Mr. Finneys visit
to Chicago is ostensihly TO purchase stecl for the
new road but II IS IN reality to meet Mr.. Phillips
and learn from him the success nfthe circular In
raising the required amount. aud In order 10 di-
vert The public gaze from his movements. regis
tered at another hotel than that OF Mr. Phillips
n,e,i You mat game now being p'uyod by Co by,
Phillips, Abbott and Finncv 10 raise $4,000 on
n small piece of road, which cannot possibly
cost more than sL2jO000 at the outside is
sharp one, and in caSeft is successfully played,
It's origluatOrs will become rich.
me Commercial and Financial Chronicle pub.
hshes the gross earnings during March OF hlty.
one railroads. These amount t. S20S772>5,
against SIG ~, Ill in March, lSSl; the mileage
IN 1881 was q, ~ and in 1881 ST73S The list
docs not include the principal east aud west
trunk lines, whose officers asa rule withhold
from publication the receipts of their respective
companies, The roads which show tho princi.
pal Increase are the Milwaukee d st. Paul chi.
cage " Northwestern, Union Pacific Central
Pacific, and Northern Pacific.
There is very general belief that pig iron
VIII be used IN ms large quantities us Ii was last
year. but owing Ia the increase In the number
ana capacity of furnsces, lower prices are looked
lor hhguSh manufacturers have combined to
reduce the production of TEMPLATES - per cent
Tor four months. This appears to have had no
ehect To strengthen prices in the New York
market as yet and prices sppw II little decline.
Inc condition of the 'hoopiron market
Is still disturbed by questions chilling far
Il decision from the secretary of the treas.
ury. The secretary now has under advisement
the disputed question whether hoOp-iron. cut TO
lengths ana splayed, is hOop'lrOn. The manu-
iaeturcS took the position IN position which
was had before him recently, that hoop iron,
cus, punched or splayed, was hOop-irOn until
applied TO It's final use. and therefore should pay
a specific duty of ~ to lsie per pound
Un the olner hand tie importers claimed that
Splayed hoop-iron is n manufactured urt.-
clc, and should be admitted at 80 percent ad
ynlorcm.
Regarding pig-iron, the New York Commercial
Bulletin says: For anything short of 20 or l0l
ton lots of American pg-irOn, the market looks
slightly weak, At all events 1t seems quite Ger
tain that large blocks can not be placed except
ut concessions from the prices generally quoted
While the spirit manifested by larger consumers
gives the impression that nothing Short of very
tempting orders can induce them to purchase
more than month or six weeks supply at II
time Canwhile il is apparent that stnckS i'm
FIRST hands are gradually accommodating and.
furthermore, that there is enough stock slightly
urged for sale to keep the market feyersh des.
pie the claim made by several furuace.men
be takenup to meet orders in hand. The ap.
pearances of semi,wcakness il may be remark.
ed, are mainly on stock for future delivery
scotch pigGontinues more or lqSs unsettled and
weak 10 sell in round IS"