The herald. [microfilm reel] (Los Angeles [Calif.]) 1893-1900, 1896-11-08
MARKETS OF THE WORLD
Local, Eastern and Foreign
Commercial Dealings
WALL STREET SPECULATION
The Apple Crop Will Reach Nearly
6O,0OO,0OO Barrels
The Flow of Gold-The Business Expo
sition of 1S97-A Cargo of Ameri-
can Products Worth $1,000,0O0


Throughout the apple producing states
New England, New York and others
the crop of winter apples is very large
according to the report to the American
Agriculturist, which places the aggre-
gate yield at little under 59,O00,0O0 par
rels for all the United States, against
$4,000, 900 barrels in 1895, and 57,629,OOo
barrels two years ago. This paper says
the crop in New England, New YORK,
Michigan and parts of few other states
is simply phenomenal New England and
New York alone have over 49, Oo0 par
rels, against a little more than i,0OO,0oo
barrels a year ago, while Michigan is
harvesting the largest crop OF hne frult
ever secured there. In contrast, the re-
port covering the central west shows
that in many instances the crop will not
supply home requirements: This is
decided change compared with year
ago. There is also a marked difference
in the supply available for commercial
distribution. Five New England states
are credited with $500, 900 barrels, against
a scant 1000, 600 barrels in 1895 and 7,00O,-
900 in 1894.
In all, SIC, $685. 2S of gold has been ship
ped to this country from Europe and
Australia, and SCI 900 have been re-
ceived, including Saturdays receipts,
leaving $10,000,000 to come. OF the sums
received, only about 81 900, 900 can be
traced in the treasury and the banks.
This leaves $40,000,000 which has disap-
peared 50 far as the ordinary places of
deposit are cerned.rPhiladelphi
Press.
The United States commissioners to the
Brussels International exposition of 1897
acting under the direction of the state
department, have completed their plans
for American participation IN the a1falr,
and have appealed to manufacturers
and producers to seize the opportunity
for introducing their products in foreign
markets. Prof. J. H. Gore of the Col
umban university of Washington, APP
pointed to the head of the commission
by Secretary Olney, was the United
States commissioner general at the
Antwerp and Amsterdam exhibition, as
we'll as secretary of awards at Atlanta,
and his wide experience is expected to
make the American section at Brussels
next summer creditable to the nation.
The other member, Prof. Thomas Will
son of the Smithsonian institution will
have especial charge of the United States
national display. Applications for space
will be received until Jan. LIST, and ex-
hibits must be in place by April 18th.
The steamship Algoa, which sailed on
Monday from Galveston, Texas, for
Liverpool, took what is declared to be
the largest cargo ever shipped from an
American port 1t consisted of 1890
bales of cotton, 1O4, 900 bushels of grain
and GAO tons of other freight, making the
bulk of $4,000 bales of cotton. The value
of the cargo was about 81 100000, and
the freight paid was over $4,000.
The low prices for tin-plate, due to the
fight between steel works in and out of
the pool, have led to an invasion on the
coast markets. which were supposed to
be sacred ground for the Welsh works
Considerable blocks of tin-plate have
: started around the Horn and others are
to fOlloW.-Iron Age.
The rise in the price of wheat Is JUS
titled by the situation. 1t is not specu-
lative advance; on the contrary, spec
ulative effort to bear the market is on
foot. The English wheat crop did not
exceed 7,250,000 quarters, though it Is
stated that it reached 5000, 600 Let the
farmers wait.-Mark Lane Express.
A Picking dispatch says: An American
syndicate will advance 10000, 900 taels for
the construction of the Acknowledging
railroad. The line will be 700 miles long,
and will cross twenty-seven rivers, in
GLIDING the Whang-Ho, all of which
will have to be bridged. The entire works
will be transferred to the syndicate, but
the shares of the company will ostensi-
bly, be held by China.
Secretary of Agriculture Morton es-
Inmates the gain to the farmers Of the
country by the rise in wheat up to Oc-
tober Il. at $2S, 6SS, 900 over and above
what they would have received at the
prices ruling on September 1. He adds
that after careful canvass of the situa-
ton, it is found that not less than IS
per cent of this years crop is still in the
farmers hands
The demand for pig iron continues ac-
tive. some speculative buying being not
ed in Bessemer pig. The market for fin
ished material is not strong, and low
prices are being made in nearly all lines
where the orders a re for prompt delivery
Chattanooga Times.