The herald., 1896-07-21
MARKETS OF THE WORLD
Local, Eastern and Foreign
Commercial Dealings
WALL STREET SPECULATION
Eastern Banks Making Notes Payable
in Coli
Hard Times and Tobscco Consumption =
Japanese Finances and tho Cost OF
the War-Florida Oranges

FOR thirty hve years notes ana mortgages
made in California have generally carried
closure making the debt payable in gold.
For the past three years notes have been
generally genera made when large sums were in
70 payment A. New York correspondent
or the philadelphia Ledger. writes to his
paper: One effect of the silver agitation
and the uncertainty as to the money of the
future is seen in the increase of gold mort
cages IN real estate transactions. A loan
erty. was recorded last week In favor OF
HE insurance company. and when 1t Is
PAID payment must be made in gold: j,
The year 1885, with a population Of
probably 100000 more than 1S90-9l shows
an aggregate consumption of tobacco Of
it PVT Tooo,OO0 pounds more than in 1s9O-al.
for in previous decades the per capita con-
sumption 81 Increased perceptbly,. until 1891
" 1t was ~ pounds In iSs5-96 it has been
1T is said that over 80. .Oo0, 900 feet of pine
logs will be RATED to Michigan mills from
the single Canadian port Of Spanish River.
Gago parties are looking over the Georgian
Bay region with view to getting control
aztec, there. The timber is red oak; birch:
hard maple and some bass wood. elm and
ash; Buffalo 51 Is already getting some con
Bay.-Chicago Hardwood.
Mr.. Lowther. of the British legation in
Toxic; reports that the japanese revenue
LOT tne year. including S1D,Uu0.UW or Inc
war indemnity. is estimated at about s23s.
600 600 and the expenditure at 1852. 900 900 be-
ing an increase of s47.009000 in revenue and
of ss2, 100000 in expenditure. To meet the
deficit new tax is proposed on the regis
tration of lands. business etc. sort of in
come tax on business, an increased tax on
sterling. Japanese revenue in 1s95-s6 was
- 750 C0D and in 1862 is estimated at
e15.Ooo;00o, the. expenditures for the same
the establishment of an iron foundry over
four million dollars have been voted, to be
spread over four years. The total cost of
year was 1925 000, 900, of which $50 00o. coo had
been repaid in indemnity. and new war
loan covered is SSo, M 900 900 more. Previous war
loans gave 900 more and the reserve
fund supplied the. balnnce. The sunnle
mentary budgets for Formosa and Wei
aMei 5Ca ooS fogethier amount am to neary $S
while wei-hai-wei Yields NOTHING The
orr taking % the dollar oT a at Is a. to TO ss
of which only f130 $50 is foreign 1t is in
tended that the debt shall all be redeemed
on Jly 1at there were 81 BACK biaekpate
plants in the United States in actual ope-
ration or ready to. operate. OF these all
least portion Of it. They possess among
them 179 hot mills complete and ready for
work. with one building. Three black-platc
plants. with a total of mills. are in course
of construction. making an aggregate of
80 black-plate plants and 1S9 mills either
finished or building. In addition. there are
81 works which purchase their black plate
and dip and finish it for the market. These
works nossess an aggregate of 16a timing
sets. This gives a grand total of 70 con-
Germs engaged or preparing to engage in
the tinplate industry in the United States.
The large majority of these works were
running on full capacity up to the close of
last month. but almost all were shut down
on July 1st, pending the settlement of the
wage scale.-The Metal Worker.
Orange. groves along the Indian river In
Florida have come out wonderfully. and
many which 1t was feared were killed out
right are now loaded with young fruit.
After the freeze many of the growers cut
their injured trees down to the ground. and
thus saved hundreds that are now sending
up fresh roots. This industry in Florida
is hv no means paralvzed only tempo
perienced growers say that within three
years 1t will be where 1t was three years
ago-Fruit Trade Guide.