The herald., 1896-06-26
Local, Eastern and Foreign
Commercial Dealings
WALL STREET SPECULATION
Value Of the Various Industries OF the
Country
The Congressional Apportionmsnts-Life Of
the Anthracite Coal Beds - Annual
Observation-Disclosures With Japan

Practically the annual value the past de-
cade of ten leading agricultural crops
raised In forty-five states and territories
Appropriated an average OF $2OO0,0OuW"'
Fruits, forests fisheries and mines ap-
proximate 81, 500. 000, 900 more. The dairy
poultry and unclassified agricultural pro-
auctions add as much as either. Various
miscellaneous state Industries add an ex-
change value to the raw products equal
ing double the original value. Secondary
and auxiliary values created by new
methods, inventions and devices of brain
and muscle add 25 per cent. The aggre-
gate production of our 72,000,0O0 people,
possessing an aggregate wealth OF $I2, OOO.-
100000. is about $4,000, 600. 900 annually, or
q per cent gross gain In value each year.
Government estimates and reports show
that 90 per cent of these values are used al
home, and that 90 per cent of all the values
exchanged pass between producer and
consumer by the use of money of account,
which has been vastly increased by ex-
changes and clearing houses.-Clapp's New
york Letter
The appropriations made by the session
of congress just closed amount to $515, 49,,
80. How this compares with the appro-
priations of the congresses Immediately
preceding may be gathered from the fact
that the Fifty-third congress appropriated
$9S9. 239, 205. the Fifty-second congress 81, OPT
104.547, and the Fifty-first congress 81. 035.
$50. 109. These are for two sessions, whereas
the first figure is for one
Bradstreet's speaking of Mr.. William
Grimths' estimate of the life Of the anthra-
cite coal industry. says:
The conclusion of Mr. Griffith's series
brings up a matter in this connection of the
utmost Importance. The extent of the
unique geological formation which supplies
the anthracite coal of Pennsylvania Is lin
tied. but 1t Is not generally recognized how
limited 1t Is. or how rapidly the prevalent
tendency of the companies to overproduce
IS cutting into 1t and fastening the day
when 1t will be totally exhausted. Mr..
Griffith indeed. basing his calculations up
on the present rate of production of about
67OOO,O00 tons per annum. will be about 100
years. His estimate of the total anthracite
supply of the future Is a little more than
b.O0O,000,0 tons, a figure considerably
smaller than those arrived at by other
authorities. President Harris of the Read
Ing company has, for instance. put the
total at nearly 6.000. 900. 900 TONS and Mr..
A.. d. w. Smith makes 1t no less than
C,9oo. o0o, 900 tons. Even these figures. how
tible. and that the policy of drawing reck-
lessly upon 1t is to be deprecated.
1t Is estimated that the business of the
country for the first four months of 1896
equaled $4,000, 900, 900. against about SCI
900 same time in 1892, the high tide
year.
England sold Japan in 1895 about s65, Don. =
900 of products, and bought from them
about 81. 900 worth. We bought $54. O00-
0o0 worth of Japan, and sold them IS, 00O, 900
worth. 81 per cent of 1t staples.