The herald., 1896-12-02
MARKETS OF THE WORLD
Local, Eastern and Foreign
Commercial Dealings
WALL STREET SPECULATION
Estimated That 10000 Acres Of Vinss
Will Be Planted
The Russian Imperial Finance Minister S
Plan for Monetary Reform-American
nr;. yr,l-
WALL STREET SPECULATION

new vineyards were set out last season.
This season, from a careful canvass, we
believe that the acreage will be close to
10000 acres, and possibly more. The Italian
Swiss colony will plant, for instance, 100
acres at Asti and $50 acres at MADEIRA, and
they will undoubtedly be the heaviest
planters. But the number of men who will
set out 5, TO- 20 to 50 acres will undoubtedly
be many.-Pacitic Spirit Review.
The London Times Berlin correspondent.
speaking of the plan of the Russian i'm
perial finance minister to reform the cur
rency system of the empire says.
Stated in brief form, M. de Whites plan
is to introduce new gold currency cor
responding exactly with the present value
of the silver ruble and its paper equivalent.
This has been begun by the compulsory
circulation of the silver ruble at par with
its paper equivalent and of the old gold
pieces at a fixed premium OF 10 per cent.
Besides. treasury notes representing new
gold rubles have been put in circulation,
the proposition being that the new coin will
be smaller and made to correspond in
weight with the value of the silver and pa
per rubles. while all small denominations
of paper money will be Withdrawn from
circulation. 1t is stated by the Times cor
respondent that the arrangements thus far
effected are regarded with favor inasmuch
as the excessive variations of the paper
currency values which formerly prevailed
have been done away with. On the other
hand, IA conservative people like the Rus
SLAMS have not viewed the introduction of
such n novelty as metallic money with
complete acquiescence. and in one instance
the circulation of the new treasury gold
notes-merchants had to be compelled to ac-
cept them by threats of retaliation by the
state bank
The Edgar Thomson steel works at Brad
dock, Pa, is turning out two orders from
the far east. China has given the Carnegie
company one order FOR 5000 tons of steel
rails. They will be shipped to Baltimore,
TO go bky steamer. The light grade rail
plant of the Edgar Thomson works has
started on an order tur 5000 tons of 7 rails
for Japan.
Bradstreets says: From the elaborate
statistics of strikes in the United States
between the years 1885 and 1894 inclusive,
issued by the commissioner of labor. 1t ap-
pears that of 46S6 strikes counting the
number of establishments affected,) 20397
succeeded. 4775 succeeded partly. and q 6S6
failed. OF the 1926 classified under the head
of transportation 1886 succeeded. 206 sue
ceeded partly, and 7s5 failed.
The eleventh annual session of the Ma
tional Fraternal Congress of Secret In
suarnce societies was held in Louisville.
Ky last week with about $50 delegates in
attendance. The body represents a men,
bership of nearly 100000, with insurance
OF nearly $,OUU,COo.
The Belgian government "is making
every preparation possible to insure the
success and importance of the internaton-
al exposition to be held at Brussels April
oath f. October 81. 1897. and 1t is highly de-
sirable that the industries of the United
States will be well represented on that oc
| casion. The United States commissioners
| appointed by Secretary Olney are Prof. !
| II. Gore of Columbian university. Wash
! ington. ID. c.. and Thomas Wilson of the
. National museum. Prof. Gore was United
States commissioner at Amsterdam and
Antwerp. and WAS ON the jury of awards
at the Worlds fair and at the Atlanta eX-
position Mr.. Wilson was formerly United
States consul at Nantes and Nice
The British Trade Journal says: "A party
of fifteen leading American manufacturers
| under the leadership of Secretary Fishback
of the American legation at Buenos Ayres
has been studying the condition and pros
poets of American trade in South America
and has just made Il report which is en-
couraging to British manufacturers. Sec
retary Fishback says the United States
manufacturers cannot at present compete
! with the British in South America"