The true northerner. [volume] (Paw Paw, Mich.) 1855-1920, 1877-04-13
TRADE AND INDUSTRY.

French Finances. Say. French
Minister of Finances, wants TO spend
1857, 123, 342 next year. Most OF tins is
for the interest on the public debt, which
now amounts to "a, 634, 500, 900, and Is
the greatest of all national debts. The
debt of Paris is over $40, 600, 900, and
costs each inhabitant of that city $3.50 a.
year.
Wooden ,Ships.-The losses OF Amer
lean ships have been so great this WIN
ter that the ship-yards of New England
are looking forward to busy year, es--
pecially those which build wooden ves-
sells of the best class. There is no
especial symptom of an intention to re-
place these vessels with iron ones. The
American in the coasting trade still
clings to his wooden ship.
Depression in OBSERVATION-DISCLOSURES
land was one of the last countries OF
Europe to feel the effect of the financial
depression which has prevailed almost ,
all over the world She is now suffering
as severely as neighboring states. The
trouble there began a short time ago
with a panic in railway stocks. Watch
making is now very much depressed
and the hotel business has been SO un-
profitable that no less than twenty-six
pubic-house proprietors III Montreux
and Geneva have already failed. The
suffering is so great that the Govern
ment, in order to find work for the starv-
ing people, has undertaken the construc-
ton of public roads on much larger
scale than at any previous time.
Pork-P Packing. annual report of
pork packing in the West for the past
season shows the total number of 5,072,
S39 hogs packed during the winter, an
increase of 1872, 204, compared with
year ago. The average net weight was
215 $500 pounds, decrease OF 1900
pounds. Lard, "a 3-100 pounds per
head, decrease of / 42-100 pounds.
Aggregate lard, $50, 44S tierces of 800
pounds each. Average cost of hogs,
81. Is per 100 pounds net [; decrease OF
81. Ga Total mess pork, 4SS, 769 bar
rels an increase of 81, 445. Other kinds,
of pork, 14S, AS barrels The increase
in all kinds of pork is 1877. 657 barrels.
The total number of hogs packed for
twelve months was 7 1858, 955, an increase
of /, 221 All.
Petroleum.-T United States is en-
tightening the world with something be-
sides liberty, and millions of dwellings
in other lands are now made brilliant
with the pleasing blaze of her beneficent
petroleum. The extent to which the
United States confers this oil on the
world at large, however, great as it is
now, is nothing compared with what it is
likely to be after the Kentucky oil fields
are developed. Attention is now turning
in that direction. The oil fields are in
the Cumberland valley, in Madison,
Pulaski, Lincoln, Wayne, Casey, Rus
sell, Adair, Metcalfe, Barren, Monroe,
Cumberland and Clinton counties. and
are very rich and can be worked profit
ably. A company has been formed in
New York and Boston to develop part
of them, and thousand farms have been
leased for this purpose in the valley
within six months The Louisville
Courier-Jo,o7aai appears to believe that
Kentucky will control the petroleum
trade in eighteen months from this time.
TT Ceteras. Norfolk claims to have
grown TO be the second cotton port of
the South in five years. She has three
cotton presses, going night and day, to
load ships. ;. The business OF sending
beef and mutton to Europe is growing
to astonishing proportions. The latest
proposition is to fit up the Great Eastern
for this trade. She would carry over
100000 beeves. The expectation of
the excellent soaps of this country in
large quantities has created soap panic
at Marseilles. Nearly all of the 35, 900
people employed in that industry there
are out of work and wondering what to.
do next. An announcement of inter-
est to the leather trade is made from
Berlin. 1t is to the effect that an inter-
national exhibition of the whole leather
industry and the production of oak bark
will be held in that city in September.
1877 There has been shipped from
this country to Glasgow within the past
year, in successive loads, pretty nearly
whole street-car line complete-cars,
miles and all.