The herald., 1896-11-21
Local, Eastern and Foreign
Commercial Dealings
WALL WALL STREET STREET SPEEcyI ST
The Wire Nail Trade Of the United
States
Dearef decline in Cocaine-Railroad
Mileage and Steamer Tonnage to 1893.

The Taunton Wire Nail company Taun-
ton, Mass, is now turning out 800 kegs of
wire nails a day, and is running double
turn of twenty-five hours daily. The Oliver
Wire company, Pittsburg, Pa. sent out a
circular showing parallel between the
production of wire and cut nails In the
United States between the years of 1886
and 1895. In 1886 we made S.16O973 kegs of
cut nails and 100000 kegs of wire nails
From that time until 1895 cut nail produce
tlon sank gradually to 2,129,894 kegs and
wre Ire nail al production rose to 5s41 a0S kegs
LECTURERS association met in New York
City on the 9th ult. Cent-a-Keg Parks did
eD1 Se to make to his
or the trade had fallen of about so per cent
,iui,digg ,Suir,idng October, owing to the stoppage of
ufacturers association has m reatt,rmed aii rnt,l
prices for Noyember. The circular price
Is fz4o base n Chicago for carload lots. Cut
price.-American Artisan.
As result of meeting of the Eastern
Green Bottle Manufacturers association
held in Philadelphia Wednesday. Novem, !,
Der 1lth there will be an immediate ad-
vance Gel, IN the price Of green bottles, which
production packed in this class Of ware
At Wednesdays meeting the association
decided to advance prices per cent and de-
agreement will affect ali manufacturers Of
World. ''
There Is a strong probability that Goldfish
will rule at fairly high prices during the
next few months until indeed, the new
catch Is ay,ailable. The catch of goldfish is
cilities for curing have also been limited
BY the continued bad weather. This will
AFFECT the market in both whole and bone
less flsh, and has already affected 1t to a
considerable degree.
So far as the catch of the Grand Banks is
concerned &c nan there is at least shortage Of
not very large, Is rather larger this year
than last. The net condition is one OF de-
cided shortage.
Cod Is higher now than last year. and the
price during the past week has been very
firm on all lines of whole and homeless fish.
In three weeks there has been an advance
o1.1a cent to cent per pound, and further
advances are almost certain: Another fac
tor in the situation is the larger demand
that, has prevailed this year.-Grocery
The first Of the month brought decline
OF 20 cents ar. ounce In the price of cocaine.
be quoted at uniform prices, which is an
indication that competition is not source
of annoyance in this market. Quotations
and crude cocaine from South American
ports. For some time the receipts Of raw
material have. exceeded the requiremnts of
had to give way. There is no evidence that
the market will improve in the near future.
but, on the contrary the weak symptoms
are rather pronounced. The course of VAL
ues, however. is likely to be steady for
some time, and at the ruling price Of SO. 10
per ounce In bulk, as the changes are made
by concerted action. Last August there was
an advance from $3.75 to A and the current
prices are merely return to the previous
schedule. Consumption has made good
progress since the time that cocaine was
quoted at SIPS per grain. and the outlook
for the article was so full of promise that
in Peru and elsewhere. Liberal offerings
are the result, but 1t is claimed! that the
bulk Of the stock is inferior, and that, in
comparison with previous years, the crops
of coca leaves have deteriorated in quality.
A small amount of crude cocaine is i'm
ported by firms who prefer to prepare it
for market, rather than to manufacture
from the leaves.-New York Shipping List.
Some interesting facts are given in the
Engineering Magazine for November. II
is shown that in 1860 the railways in the
world aggregated 290 miles, while in 1893
they had increased in extent to 800. 900 miles.
In 1860 the railway mileage in the United
OF the whole. In 1893 It was 17S.000 miles.
this country having fully maintained its
relative proportion of railway development.
In 1850 the steamship tonnage of the world
was $4,000; today 1t is estimated, as over
S000,0 AS a consequence of these ad-
vances, and the enormous facilities for ver-
bal communication afforded by quick pas
sages of mail steamers, by the telegraph,
and by the telephone, international traffic