Martinsburg herald. [volume] (Martinsburg, W. Va.) 1881-1920, 1894-12-15
MOSTLY FINANCIAL.

mOSlLf FINANCIAL.
The Southern corn crop will be
nearly 500, 900, 900 bushels, according
to United States Agricultural Depart
ment, an increase of 4S, 900, 600 bush
els.
The State Gas Inspector OF Indiana
in his annual report to the Legislature
says that the natural gas supply is
likely to be entirely exhausted in less
than four years. He estimates that
since the first gas we'll was sunk S25,-
900, 900 worth of gas has been wasted.
Tinplate is selling at from So. 70 to
S5.75 a box, weighing 100 pounds, and
containing II2 sheets, each "a 20
inches. The duty was reduced on
August 2S from ~ cents pound to
IL cents pound. Recent prices
show decline about equal to the re
duction of duty.
A city of Mexico special says !:
There is an increased activity in the
investment of native and foreign cap
ital in this country. A new company
mainly composed of Americans resi-
dent here, has been formed to cult
vate coffee. A Scotch company with
Geo, 900 capital has also been formed
for similar purpose.
Russia has produced this year. ac-
cording to tn estimate of the Minis
ter of Agriculture, 272, 900, 900 bushel
OF wheat, as compared with $50, 900, :
600 last year Her rye crop is 1872,
600, 900 bushels, as against 7sz, 900,
900 year ago. The barley yield is
ne, 900, 900 and that of oats 672 900,
600. There is no famine in the
Cars empire this year.
The Manchester Canal, opened
about one year ago with imposing
ceremonies, is at standstill as far as
business Is concerned, says the Lon
don Financial Times. The reason
given is the very considerable reduc-
ton made in rates by the competing
railway lines, which has gone to such
an extent that there is no longer any
decided inducement to use the canal.
At conference of steel Inanufac-
turers at Chicago last week, at which
all the rail mills were represented, the
rail manufacturers fixed S22 as the
price per ton for heavy sections Of
of rails TOR mill delivery, and S24 as
minimum for street girder rails.
These are the lowest prices ever
known, and already good deal of
business has been booked at the
mills for early delivery in the new
year and more tonnage is under con-
sideration.
The annual report of the Director
of the Mint to June 80, 1894, states
the gold coinage for the year, $780,
474.oI2. so, was the largest ever exc
cuted. Other coinage was as follows:
Silver dollars, s75s; subsidiary silver,
S6,o24, 40. so; minor coins, s7I6,oIo.
90; total sIo6. 2I6, 73o.o 6. There was
deposited at the Assay Offices SI4o,-
o42, 900. The deposits and purchases
of silver were aa.746, 66I fine ounces,
the coming value being S7o, 400 900.
It is announced that the Tehuante-
pee Railroad has been completed. AL
though an enterprise purely Mexican
this new route, connecting the Allan
tic with the Pacific, will be of consid.
able benefit to Americans, Since the
distance by sea between the two coasts
of the United States will be lessened
by nearly 5000 miles. and at least one
freight handling by way of Panama
will be avoided. Starting from the
the bay of Campeachy the new rail
road runs through rich valley for {
distance of 1870 miles, and energies OF
the Pacific coast at the gulf OF Tehuan
tepec, tapping on the way severa
large and important cities of the Re
public of Mexico -Bradstreet's