The true northerner. [volume] (Paw Paw, Mich.) 1855-1920, 1877-09-21
TRADE AND INDUSTRY.

to Europe this winter at fair rates of
remuneration.
A FRUIT CANNING establishment on a
large scale will soon go into operation
in Cullam, Ala.
FRAR's POINT, Miss, is to have a
$40, 900 oil we'll, with Ex-Governor AL
corn as President.
The production of coal oil has been
increased from 500, 900 barrels in 1860 to
8,968, 906 barrels in 1876.
The Louisville Courier Journal finds
the wholesale dealers of that city i'm
mersed in business. They think the
good times are coming again sure
enough.
The chronological Commissioners
who were sent out West by the Govern
ment say there need be no fear of grass
hoppers this year.
The New Orleans Times says that
landlords in that city threaten to increase
rents 30 per cent, on the ground that
they are now too low.
BRICKS perforated with three holes,
that the mortar may get good hold, are
being used in the construction of some
buildings in Minneapolis, MINI.
The Colorado grist mills are now busy
grinding new wheat, and the price is
steadily declining, because it is offered
in greater quantities than is needed.
Mr.. SHEFoRD pre-empted 16O acres
of land in Nueces county, Tex, in
1861, and started sheep ranch. He
has now 60, 900 acres, and is worth over
100000.
ACCORDING to the reports of the En-
glish agricultural Gazette, the wheat
crop in the three kingdoms is consider
ably below the average but it has been
good year for graziers and dairy
farmers.
THE New York Times says: "Import-
ers and jobbers say an unusually heavy
trade has set in. A leading importer
states that the purchases of silk veivets
and the finer grades of wooden dress
goods have been, and still are, unexpect-
edly large"
THE English railroads are still plow-
ing in new capital, and ten of the old
lines will call up E5, 800, 900 during the
last six months of this year. In no year
since 1866 has 30 much English capital
been put into home railways as during
1876, when EOS, 600, 900 was raised in
preferred stock.
The Massachusetts, boot and shoe man.
ufacturers, says the Springfield Repu6-
ticdn, are having as busy season as
they have had Tor years, and many of
the factories are running fifteen hours a
day, the demand exceeding the supply.
Most of the manufacturers are asking an
advance of to 10 cents pair on all
duplicate orders.
The London Economist quotes an ar
ticle from the Berlin BOrser Zeitu,ag,
intimating that of 100000, 600 silver
coin withdrawn by the German Govern
ment, about half has been redeemed and
$75, OO0, 900 sold, leaving $25, 900, 900 ON
hand. The silver remaining in circula-
ton is in one-thaler pieces. No date for
its demonstration being fixed by law, it
will be withdrawn at the discretion of
the Government.
The New Bedford and Billerica, Mass,
two-feet-gauge railroad, the first of the
kind in this country, has been completed,
and the first trips show that the road is
inferior to none in speed, smoothness
and safety. The road, which is eight
miles long, has cost but $4,000, in.
Guiding buildings, bridges and equip.
ments. The latter consist of two loco
motives and eleven cars, the former
weighing but eleven tons each, while
the passenger cars, carrying half the
number of the standard cars, cost but
one-quarter as much.
The Financial Chronicle, of New
York, makes calculation of the amounts
of investment securities held by the
banks, insurance companies and trust
companies of New York. In tabular
form the figures are as follows:
1877. 1876. 1875.
U. s. bonds sl509l1 113 $136 1922 Sis, &c., 1854
State securities 17,595,122 19,364,s2O 19,985,9l7
City securities. 62,S56,5S6 602o5,972 6i,29l,1Ss
County h town
bonds. ...... 66S4, JOB s5e6,171 1873, $50
Co. securities. 14397, 1892 1862, 173 12,64U0S0
X. II. bonds and
mortgages. :. l92672525 205 962, 345 200, 11s97i
Real estate. 49, 233, l03 32,sO0,291 31,645013
Total $780, 4lO,3 s4 ,Oo4 s45l 1874 62s
State banks I'M
classihed..... 100000 sso,2s4 s9s,o6s
a.. 49, axnA onr0n