The Kenosha telegraph. [volume] (Kenosha, Wis.) 1860-1888, 1877-10-04
TRADE AND INDUSTRY.

The great railway wharf at ST. John.
N. B., is being rapidly constructed at a
contract cost of 81, 774, 900.
A NEW line of steamships Will be
placed upon the route between New York
and Venezuela, South America, early next
month.
ALTHOUGH Russia is only in the sixth
month of the wal, her paper currency has
been swelled to 500, 0O0. 900. a sum only
within $40, 900, 900 of the legal tenders in
circulation in the United States in 1866.
after conflict which had lasted four
years.
Our annual production of butter in
the United States is rated at $150.0OO.-
geo. That of cheese is $60,O00.000.
The cotton produced in the country is
$1,000, 900 less than that of butter alone.
In France the butter production of 1876
was $18, 100000
ENGLAND and France are disagreeablv
| surprised at a new tariff which has sud-
denly been issued at Madrid, whereby
, imports from those countries are subject
to duties from Is to so per cent. higher
than those levied upon similar goods
from Germany, Belgium, and elsewhere.
New ORLEANS proposes a new and
shorter cut to the ocean by ship canal
cut through to Barataria bay -an estu-
airy OF the sea that penetrates far into
the land on the south coast of Louisiana.
The distance from New Orleans to the
Gulf OF Mexico by this route would be
only ffty-eight miles, and the cost of
digging the canal about So, 100000.
The receipts of butter in the chief
Irish markets have steadily increased of
late years, at least one-third being des-
tined for foreign consumption. The
principal foreign trade is with Brazil,
Portugal, the West Indies and the Med
iterranean, while large shipments are
also made to Melbourne. The great
Irish foreign trade in butter is now with
Brazil.
| ENCOURAGING reports Of the condition
OF trade come to us from nearly every
commercial center III the country. The
streets Of New York are blocked by the
accumulation of goods to be moved
through that most incommodious city.
Business at st. Paul is described as
every heavy" AtLouisvilleitis crush
ing" st. Louis is a 60 beehive" Pitts
burgh finds its trade in better condi-
ton than for years. The Montreal, Bos-
ton, Philadelphia, Cleveland, Cincinnati,
and Southern and Southwestern papers
all give the same report, varied only in
words.
In consequence of the recent visit of
members OF the syndicate to Washing
ton, some new information about the
progress of the 4 per cent. loan has
gained publicity. The subscriptions
abroad have, III consequence of the war,
been less than was expected. The sales
abroad have been offset by the return of
called bonds, so that of the $10 100000
subscribed for abroad not one dollar has
been paid for in gold. OF the $76,-
000,00 of the per cents. sold, SIS
600, 900 are for resumption, at the rate of
S., 10000 each for July, August and
September.
The following banks and bankers have
failed in Chicago during the last four
years Second National, Fourth Nation
al, Mechanics National, Cook County
National, City National, Scandinavian
National, Manufacturers National,
Franklin, Bank Of Chicago, CONNER
cial Loan and Trust Company, Marine
Company, S. r. Shipherd & Co., the
Twenty second Street Savings Bank,
State Street Savings, Citizens, Farm
ers', City Savings, Cook County Saw
1ngs, Security Savings, A. G. & 0. F.
Badger, Barclay, Voorhees, & Co., Mer-
rill, Ladd & Co., Skow Petersen, Isberg
& Co., State Savings, Merchants, Farm
ers' and Mechanics Savings, Emil Josa-
phat, andthe Fidelity Savings.