The true northerner. [volume] (Paw Paw, Mich.) 1855-1920, 1877-08-17
COMMERCE AND INDUSTRY.

The valuation of property in Boston
has fallen off 500, 900, 000in year. The
city is rated now at 1856, SOP, 100, and
taxation has increased from $1270 to
$13. 10 per 81, 0O0
THE business of the clearing houses of
the country has been considerably small
er since Jan. l than during the CORE
spending period in 1876, which seems to
indicate collapse of speculation.
ACCORDING to the Chairman of the
Grand Trunk railway that road has lost
81, $50. 900 In two and a quarter years
from competition, and railways in Amer
lea have lost $47, 600, 900 in the same
time from the same cause. e
SHoEMAKING is said to be duller now
at Lynn than was ever known before.
The period following the Fourth of July
until the first of October has always been
considered the busiest time for shoe
operatives, but the present year is an
exception, and, unless business picks up,
there will be much suffering in Lynn
during the ensuing winter. The major
ity of shoe manufacturers have already
filled their fall and winter orders, and
have begun to discharge their employees.
SECRETARY EvARTs is contemplating an
extension and improvement of our rela-
tons with South America, with view of
promoting trade and commerce with its
principal states. 1t is alleged that the
present Consular and Commercial Agents
of the United States in those countries
have been looking after their personal
interests too much, and operating in such
manner as to favor European commerce
rather than our own.
The returns from all the customs dis
tricts give very favorable showing of
the trade of the United States with for
eign countries. The total exports for
the fiscal year ending June 80, 1877, at
specie values, were $500, Ala, 5S1, and the
imports S451, 1907, $40, the excess of ex-
ports being $151, 167,0 32. This is big
gain over 1876, when the excess of ex-
ports over imports was $40, 643, 481. A
decided improvement has also taken
place in the coin balances. For 1877
the exports of coin and bullion were
$50, 163, 237, and the imports $40, TIA, Ala
against total exports of S56, 500, 302, and
imports of only $15, 936,6s1.
DURING the year just closed the Uni
ted States sold los, 900, 600 yards of cot
ton goods abroad, ten times more than
was exported the year before. The sale
is being rapidly extended to every quar-
ter of the globe where humanity wears
anything better than unadorned lowell
ness and at present the prediction of
Mr.. Wheelwright that the trade will be
quadrupled in two years, stands first
class chance of realization.
FEARS have been expressed that
trouble might be caused in financial
circles in Pennsylvania by the passing
of the dividend of the Pennsylvania
road. The rules of the banks do not |
allow them to make loans on non-divi- |
dend-paying stocks, and, in consequence,
it was anticipated that some of them
might throw out the shares held by them |
as collateral. If this has been done to
any extent nothing has been seen of it,
and the probability is that the banks of |
Pennsylvania will strain every point |
possible to protect their customers from |
the panic and loss that would follow any
such action.
A SPEEDY return of the good times of
five years ago is predicted by the Toledo
Blade, which bases its belief on the i'm
mense crop of the year, and the we'll
known effects of prosperity among farm
ers on general business. Itappears that
the crops being harvested are the largest
the country ever had. The acreage of
wheat is largely in excess of any since
the settlement of the country, and the
yield per acre is infinitely greater. Hay
g magnificent, and has been secured in
The very best condition. Corn is now a
certainty. Never was the eye gladdened
With the sight of such fields. The
stalks tower gloriously, and the color is
superb. Oats, which have been a fail
Ire since 1874, will yield very much
more than they did then.