The herald., 1896-06-12
Local, Eastern and Foreign
Commercial Dealings
WALL STREET SPECULATION
Great American Production OF Iron and
Steel
The Acreage and Condition Of Wheat -Mone Y
Going Into Bicycles-For an lnterna.
tionaI CoIn-Local Markets

The rolled iron and steel products Of 1894
unciudlng railsl aggregated about /, 66S. 9SS
duction Of iron ore or wa Was ~ about iSo isSs7,
gross tons against 1885,. .614 in 1895. I'M
ports In 1894 were 16S541 tons, against 524.-
man can now turn out 142S tons Of iron bill
lots In twelve hours, exceeding all previous
records.-Clapp's Letter.
ter wheat acreage %, ,043, 900 acres, yield 32g-
0O0 000 bushels. Spring wheat acreage 49,
oSSoO0 acres. yield 1so, 600 900 bushels. Con
Decline is u points in Kentucky, Michigan
II, INDIANA l5 illinois 8, Kansas Missouri
and Ohio are S now Sending i' bad private H re-. e..
ports.
Bulk lard has sold at $3.50 per 100 in Chit
western farms are worth only 81. 90 per ioo
live weight. This Is the cheapest pork
produced in a generation.
The treasury receipts for the current fis-
cal cal year, up to the end OF May. have been
same period have been 1926, 7s6, $50. It is be-
!ieyed that the deficit which these figures
INDICATE Will not be greatly reduced. II at
all. during the month Of June. The failure
OF the revenue to increase sufficiently to
remove the deficit is a disappointment,
and It is beginning to be felt that addi-
% tional revenue ought to be provided; The
fhs treasury SsS received cd BY voiantary "e con-
from a New York bank. The bank justi-
a large stock of that metal on hand. The
monthly statement Of the controller of the
currency shows that on May 81 the amount
OF national bank notes In circulation was
szzS. 20O' Sls an increase Of $l.o99,OoO for the
month.-American Banker.
The New York Journal of Commerce has
made several estimates Of the probable
amount of cash diverted to the bicycle
trade. and thinks the amount involved
year. Just as in the period preceding the
worlds fair the failure of business to come
up to expectations was attributed to many
small economies which intending visitors
were then practicing. so in the last two
years thousands of people have been lay
wheel.
The house committee on coinage. etc.,
unanimously made q favorable report on
the resolution of Charles w. Stone of
Pennsylvania, as follows:
That the president be authorized and
requested to invite. through our diplo-
matte representatives. an expression of
opinion from the other principal CONNER
cial nations of the world as to the desira-
biltty and feasibility of the adoption of
international coins, to be current in all the
countries adopting the same at a uniform
voice purposes; and II the expressions thus
obtained from other nations are such as
In the judgment of the president to render
an International conference desirable. then
he Is hereby authorized to invite such con-
ference at such time and place as he may
designate, to consider and report to the
several governments joining in such COR
ference al plan or plans for the adoption
and use OF common international coins.
composed of gold or silver, or both; and If
such conference shall be called the presi-
dent Is hereby authorized to appoint there
to three representatives of this govern
ate. for whose compensation and expenses
provision shall be hereafter made"