The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-03-13

THE
whom the loan was contracted, leaving the
parties to adjust their own affairs.
With respect to North Carolina and the
, plans under consideration by the Legislature,
the report says: 1t is feared that the pro-
ceedings are only directed to the creation OF
J delay
South Carolina bonds says the report ''do
not appear to be held here to large extent,
but 1.-THE unsatisfactory conduct Of the State
toward its creditors is said to have frustrated
any attempt to raise money in England for
public or private undertakings within Its
bounds.
OF Georgia il is said that 'this State has,
during the past year, resumed payment on its
bonds of 1870, which had Leen in default
since April l, 1872.
The Council has forwarded to the Governor
of Alabama certain suggestions for basis of
settlement, which, if accepted Oh the part of
the State, will be submitted to meeting Of
the.bondhoders Immediately on the receipt OF
a definite reply.
It appears to be somewhat spitefully an
nounced that "a representative OF the Mis-"
sissippi Valley Company having at a meeting
of the Manchester Chamber of Commerce
| advocated certain measures tending to In
duce flow of English capital to the States
of that valley, the Council have addressed
! letter to the Chamber Of Commerce pointing
out that in their opinion, before any attempt
to bring about such result can be supported
| in this country with success the States of
the Mississippi Valley will find it necessary
| to re-establish confidence in their good faith
by giving proof Of their determination once
more to occupy position among solvent
States
The Louisiana funding act is denounced as
a measure of contiscation, and it is stated
to be "not improbable, if this measure
proceeds, that the Council will be called upon
by the bondholders to resort to the extreme
measure of issuing Louisiana certificates of
default, and applying for their quotations on
the Stock Exchanges of London, New York,
Holland and Germany"
stove FoundrieS.
There are in the United States about $50
foundries Eengaged in the manufacture OF
stoves and furnaces, using annually 10000
tons Of iron. OF stoves alone, it is estimated
by Mr. Perry, of Albany, who is regarded as
the best authority on this subject, that the 27o
foundries engaged in the business in 1871
produced 100000 stoves. This, of course,
does not incudes heating furnaces. In 1880
the estimated number of stoves made in this
country was %, coo; in 1910, 100, 600; in $50 |
375 900; in 1860, 1000, 900; in 1870 2,1O0.- |
00O-valued at S37, 800 900. The value of
heating furnaces annually made in the coun- |
try will amount to $50 600, 900.
Forty years ago the amount of cast-iron
used in the construction of house in Boston
did not usually exceed in value $40, nor in
weight 100 pounds. Now the cost Of the
heating and cooking apparatus in tirst-class
house frequently reaches $1,000, and in
weight of material several tons. And if YOU
build country house at the North, costing
$4,000 or $4,000, the stove dealers bill will
often amount to from $500 to $1,000 for what
is deemed only necessary heating and cook
ing apparatus Since the period first named
this branch OF the iron trade may be almost
said to have been created, raising in value
from few hundred thousand dollars to more
than SG0, 900, 600 per annum, and in its con-
of iron from few hundred tons to
an amount equal to one-fourth of the produc-
ton of all the furnaces in the country. The
number Of stoves produced in 1874 is esti-
mated at 2 G9S, JOS, valued at SAG, 063 900.
Indications of Mnnufa cturing Revival.
We note in our New England and Penn
sylvana exchanges some revival of business
among the iron aud other manufacturers, with
confident anticipations OF improving pros
poets as the season advances. There are
many works still idle, but nearly if not all Of
these instances are where the strikes of en-
ployees prevent increase OF operation. Not
only are the winter quota OF men employed, !
but old slack-time helps are returning, and the
are that there soon will be plenty
Of work, especiallyin the iron districts. There
IS great drawback in some sections, owing
to the want Of coal, caused by the coal miners
strikes In many of the cotton mills districts
hese strikes exist, and interrupt both trade
md industry. 1t is noticeable that where no
strikes are in progress, full time is the rule.
The wooden mills are not very active, while
he freshets and ice in some sections are still
preventing resumption of work. But on
he whole there is much Improvement to note
n manufacturing as in commercial circles,
With fair prospect that as soon as travel and
shall become regular, with an
adjustment Of the strikes so that workingmen,
With return to full employment, can have
he means to purchase more freely the neces-
aries of life, a substantial revival of these
industries may be confidently anti
ipated. Men Iorh; Bulletin.