New-York tribune., 1873-06-28
INDUSTRIAL PROGRESS.

| The JapaneSe Mint has already coined l1,JOO,OUO
pieces of gold and silver valued at S2O,l16.OO
The total tonnage of tho vessels which passed
through the Suez Canal in 1870 4O93l2; in 1871
7O3 202: in 1872 1O8209 tons. These figures indicate
q satisfactory increase ia The traffic. which, how
over, is not at all as great as was expected
A meeting of lead miners and smelters in the Mis-
sissipp Valley was recently held IN st. Louis 1oI the
purpose Of organizing an association committee
of which the Hon. II. I. Blow is Chairman and H.
B. Lockwood Secretary was appointed to collect IN
formation and report at a meeting 70 be held next
April.
-Four thousand five hundred pounds Of crude
boray says The California Mining and Scientific Press,
the FIRST shipment has arrived ia Los Angeles Gal.
The entire bOraN district IN California IS now beng
thoroughly prospectod and laid out m CLAIMS mum.
berng nearly 20U, and extending over an area OF
10000 acres. .-ss, ss,c1llAA-Ss.-.;. -
Rochussen and Daelen German iron-workers, have
patented III England an invention whereby the Bes-
process Is so modified that more steel Is pro-
duced nom gFon quantity OF iron tIan at present,
while the cost of blowing is Tellce9 pore than one,
third II il also claimed that Nv this process steel
can be produced direct from the ore.
The Norton Iron Works Company-a new oreaniza-
ton composed of leading capitalists of lronton
Cincinnati, and Louisville-is completing n large
blast furnace. nail factory and rolling mill at Ash
land, Ky. There WILL therefore, very appropriately,
be ere long a great industrial establishment near
the homestead of Henry Clay.
The difficulty Of inserting screws in plaster walls
without attaching them 20 any woodwork may be
overcome 10y enlargiDg the hole 10 about twlce the
diameter a
Paris such as is used for fastening the tops OF lanEs
&c, and bedding the screw III the soft plaster
When the plaster has set the screw Will he held very
strongly.
Mr. Wide British inventor, has patented com
buatiOn OF apparatus by which the electric ngnt
can lie employed to illuminate the path OF sea-golng
steamers OF light up the lines OF ships or 1Ortihca-
tiOus of an enemy The principle OF the apparatus
is au electro or magnetic Induction maehlpe winch
solves the problem of producing electricity at con
tinuous rate and ia uniform quantity, whlle II
neutralizcs the influence of the current. A simple
apparatus regulates the caTbOns, and the lght ths
produced Is intensified by passing through catad-
optric hOlOphOte, which moves on plyots ana con.
denses the RAYS, producing E1r-reaclnng beam OF
great intensity. The British military authorities
have directed q report to be made on The value OIL
the invention.
Among the collateral benefits of the competition
of inventors with reference to improvements IN ca
nal navigation is the discovery of two new me
rhanical movements. One of these Is wheel re-
yolyiug upon central universal JOINT; the other
telescope shaft surrounded by sleeve vibrating
upon tTunni0ns. In the practical device shaft.
driven by two small engines each OF = horsepower
with dead points at night angles 10 each 9thei, eN
tends from the deck Of the canal boat 10 the SHORE
hut being hinged near the engines, Is capable Oi
being raised OF lowered as occasion may require.
The revolution Of tho shalt turns cogged wheel 10
whose center il is sttached by the universal JOINT.
The cogs of the wheel fall into those OF permanent
track laid on low supports along the canal Dank;
Tie fixed leverage OF rail track rs thus obtained
without the need Of heavy weight ike that Oi "a
locomotive, TO procure the necessary adhesion.
Free Trade notions evidently receive little atten-
tiOn i'm New-Xeaand, for the Government has Just
offered the following incentives TO enterprise with
view to encourage certain colonial industries:
bonus Of $2JGO0 for the production OF 1000 tons
weight Of pig iron Of marketable quality; bonus
of 50 900 for the production OF 100 tons weight OF
aTketabe steel from magnetic or tltanlfer0us iron
sand or iroU ore; bonus of $1,000 for the prodnc-
ZION of 25O,tUns of s1giT manufactured from beet
root in New Zealand bonus of $l25OO for the pro
ductioD of 100 tons of prlntingpa manufactured
i'm New-Zealand by machinery, and a bonus of 81
nor hundred 20 be paid cured fish, dry or
pickIed. exported from the colony for consumption
thread The payments of the above bonuses are
subject 10 certain conditions, and wall be made on
tbe certificate of an officer of the Government that
the conditions applicable TO each reward have been
complied with.
"WlI il pay" to start cotton mills IN the South is
osvered In The affirmative by The Raleigh Sentinel
which cites a case IN point: ,,--
In our sister state " South CarOna lhere manu-
,actnrIng company known the "Granlteyile IL has
,ecenty published Its annual report From ths report
We learn that its clear profits during the year Just ended
- oei ner cent on the capital stock OF Nl6VOo And,
wac .t - ~ ht "a not ali the stockholders have made.
Their prOperty has also grown greatly M Vhne Decause
Of the great prOhtablcDess of the BUSINESS now WAI
hank or railroad cotton farm makes tnat ucn an
Dual diyidend Where is the corporation thA' cesS as
nuchf IL. fao,s
The Sentinel, from the foregoing and other isc's'
concludes - ,-..o 4, ,,o sou,b
l. That cotton manufacturing pays better IN tue 9ou.
than any other form Of investment Ihat " ~ nvio M
Certain and permanent because 10 has palu wen eV
since the war g. ThaGit profitable in inc sou'
than in the North That every faetoIy iuust p@S
good dividend II well managed.