The Kenosha telegraph. [volume] (Kenosha, Wis.) 1860-1888, 1877-08-30

", nearly 1000 carloads were received
by rail, and over 10000 bushels by
canal.
The Pittsburgh Gazette says there is
no especial change in financial circles
in that city, but a general tendency
toward increased activity, the approach
of which is very perceptible in the COM
munity.
JAY GOULD and Sidney Dillon offer to
build a narrow-ga railroad from the
Union Pacific at Cheyenne to the Black
hills if the local money men will put in
half the money, which one-half will be
about 5000.
INSPIRED by the reports of Western
crops, an eminent banker of New York.
and one of the most sagacious observers
and best informed financiers of the coun-
try, predicts that within two years the
United States will be overfowing with
prosperity and wealth.
In some respects the strike on the
Baltimore and Ohio road was successful.
The road is now employing the same
number of men as before the strike, and
many favors are granted employees here
tofore denied. Nearly all the men are
now enabled to make full time.
The widespread influence of dull trade
after unhealthy speculation is traceable
in the failure of several Lyons silk
houses, one with liabilities amounting to
81 100000 The condition of the French
manufacturers has been rendered ex-
ceptionally precarious by the partial loss
Of the American market, and the prefer
ence which has been for some time &C.
corded to wooden fabrics.
We are doing great deal of national
wailing over hard times, but compare
lively we haven't SCI much to weep over.
In Southern India 20, 900, 900 of people
are threatened with starvation. Their
crops have failed for two years because
of drought, and it will be some months
before the growing crop will be avail
able for food. The British Government
is sending relief, but the job is large
one and thousands are dying.
THERE is annually imported into the
United States from Italy, Sicily, Spain,
Portugal and other Mediterranean coun-
tries, 25,0OO,O00 pounds of sumach,
which is used by all morocco manufact-
urers. It has Just been demonstrated
that it can be cultivated with profit in
California, and in quantities large enough
to supply the home demand. Agricult-
ural societies sre circulating directions
for it's culture and treatment.
The grain shipments of Buffalo via
canal for the week ending Aug. 81,
amounted to 1,588,817 bushels, against
584 1897 bushels for the same period last
year. This shows gain Of 100000
bushels to the canal, all caused by low
tolls. But for the reduction of the tolls
the railroads would have gobbled the
million of bushels; and yet there has
been loud cry in New York demanding
high tolls ON the canal, put forth doubt
less by strikers for the Central and the
Erie.
The New York Tribune ventures to is
sue warning to business men to be-
ware of dangerous ventures this fall, and
shouts out to them to hold hard. It
finds the stock market booming with
wild speculation, and, as to the banks,
loans upon stock cOllaterals to an extent
not equaled before since the days of
1873. It ventures the opinion that ''the
stock market is in a most critical condi-
ton; that a very reckless speculation is
sustained by enormous loans by the
banks on stock collaterals; that very
great and rapid fall in price of stocks is
contemplated by everybody in the street
as likely when the strong holders can
get rid Of their ventures; that prices are
showed up desperately to help them; and
that the fail, if it comes, will bring as
great a pressure as that of 1873 upon
banks very much less able to bear it.