The herald., 1896-04-17
Local, Eastern and Foreign
Commercial Dealings
WALL STREET SPECULATION
How Fruit Canuery Helps a Small
Town
An Arteslan Well Makes Eisctrlclty-Sugar
Exports and Stocks in cuba-Wheat
Stocks on Hand

Tho government receipts since July
I, 1895, are $3.50, 500, $40; it's expenditure
Tor the same period, $26936O, 542. The
receipts for the month of March were
$26,041 ,149, and the disbursements ST.
27i.993.
The Sebastopol Times says: The Sc
bastopol cannery will be operated this
year on u larger scale than ever before,
and from $50 to 800 hands will be en-
ployed during the entire season. This
means the circulation OF nearly $1,000 n
week in our community. and q boom i'll
business is bound to follow" That is
the way the fruit industry sustains
every community in California which
makes 81 proper use of its opportunities
The Prairie Farmer tells of an arte-
sian we'll at Chamberlain. >. D., which
. furnishes hint to districts where such
wells are obtainable. 1t is 675 feet IN
depth and spouts 4,400 gallons per min
ute at pressure of 110 pounds per
square inch. The temperature Of the
water is rs to 80 degrees. and the inn
mensc jet is thrown through an eight
inch pipe to J. height of 121a feet above
the mouth n, the well. If forced to
pass through 2A inch nozzle the water
shoots l,e y height of 162 feet. This
we'll furnishes 100 horse power with only
part of the water. and with this pow
er the town is lighted by electricity by
means Of 500 lights, and the capacity of
where q well produces but small part
of the force of this one, a farmer could
develop power enough to light his own
house, do his own cooking, heating ana
do much other valuable work about the
place.
Ramon 0. Williams, United States
consul general at Havana until very re-
Gently, sent to the department of state
at Washington q statement as to the
Cuban sugar crop of 1896 compared with
that of 1885 From this report the fol-
lowing facts are gleaned Exports for
the season to January 81, 1895. amount
ell 90 81 ,5S5 tons. and TO the same date
1895 to $50, 593 tons. Stocks on hand in
cuba same date We're 900 tons last
year and 55,6s1 this year. Receipts for
the two years respectively were No.
:37 and 23,S09 tons The exports We're
mostly. therefore, out of the previous
years crop, and of 434,6S3 bags export
ed 420, 290 came to the United tSates, the
small remainder going to Spain. From
sources it is learned that to offset the
falling off in Cuban supplies of sugar
all beet sugar producing countries will
endeavor to increase their output. An
increase of II per cent in European beet
countries would make up the deficit
The Corn Trade reports supplies of
wheat to be drawn from up to Septem-
Der /. 1896, as 100000 bushels less than
last year. and 1100O0,000 less than in
1894, and 120, 900, 900 bushels less than III
1S93 and 150,000,000 bushels less than in
1892
The United States holds half of
all visible supplies at this date. In
this country the visible stock is only
6000,0000. Last year and the year be-
fore at even date it was nearly 7S,000,-
200.
The treasury statement of circula-
ion April l shows but a slight decrease
since March |. The total circulation Is
now S1.52S, ,629, ,46S. The amount of
greenbacks in circulation has fallen
from 1915, 900 in 1893 to $232, 900, 900.
and Sherman notes have diminished
from Sal 900 in 1894 to $103000, 900.
The total loans of the 3.699 national
banks stood at $l.95l ,344, ISL February
2S against 81 1855 ,314. .36S in March, 1895,
and $1.S72, ,402 sos February 2S, 1884,
American Banker.