The true northerner. [volume] (Paw Paw, Mich.) 1855-1920, 1877-05-11
TRADE AND INDUSTRY.

IHE United States treasury mas u COIN
balance of $47, 100000.
THE Pullman Palace Gar Company has
declared quarterly dividend OF 81 per
share in net earnings.
AGENTS of the French Government are
said to have been buying horses and
ship timber in this country.
FROM Jan. up to the third week of
April, the coinage of trade dollars was
81, 7S2, 900, and the export 1885, 600.
THE savings banks of New York, &C
cording to their reports in February, had
deposits of 1916, 677, 2S5. The amount
deposited within year had been $l46,-
532 500, and that withdrawn, $l46, 026,-
362. The amount due depositors by the
New York city savings banks is $780,
600, 149.
THREE Russian officers inspected n
powder mill near Portland, Me-, last
January, and endeavored to purchase
improved machinery like that which was
there in use This they were unable to
do, but they made contracts for the
manufacture and shipment of large
quantity of powder worth $3.50, 900.
THE foreign trade for March, and for
the three-quarters of the current fiscal
ports in March, $47, 48S,013; exports,
$45, 593, $40. For nine months ending
March the exports were $40, 0S5, 7S2 /;
imports, 1914, S54, $50; excess OF ex-
ports, $155, 230,S52. The specie imports
exceeded the exports S., 1891, 297.
Mr.. Roach, the we'll known Philadel-
pllia ship-builder, thinks that the war, if
confined simply to the armies of the two
countries, will benefit the shipping in
terest of this country, and that, if the
others powers become involved in the
struggle, it will give our mercantile ma
rine stimulus that it has not felt since
the rebellion.
THREE shipments of agricultural i'm
plements have been made from this coun
try to Russia, under the new arrangement
for supplying the farmers of the north
ern provinces with the tools which have
enabled the Americans to beat them in
the sale of grain in the markets of the
world. These shipments will be sus-
pended by the war in Europe. 1t will
not pay to send these implements to the
Baltic ports and freight them overland
to their destination. The Russians en-
gagged in this business, however, do not
now think that further shipments will be
long delayed. 1t is their opinion that
the war will be short
The foreign war has precipitated Q
great speculative movement and rise IL
-four and grain and beef and pork. This
movement has given quite flip tc
business railroad stocks have recovered
little from their worst depression, and
there is a new feeling of hope and faith
in better times ahead Quite a number
of smaller mills of various sorts in New
England are starting up again after long
idleness, and with the certainty that the
world will want all the food that we car
raise this year at fair prices, and with al
early and most promising spring the
business outlook bears a more cheerful
aspect than it has for many day cts
an i'll wind that blows nobody any good.
A WASHINGTON correspondent informs
us that the President and other Cabine
officers have been in conference Will
prominent American ship-builders witt
respect to the propriety of recommend
ing TO Congress at the extra session some
special legislation which shall tend K
aid in the revival of AmericaD ship
building. The general opinion of the
ship builders is that, if the European
war should spread beyond the immediate
parties and become general, we shall re
cover our former standing as the SECOND
nation in the world in ship-building anC
navigation, and then pass rapidly from
the second rank TO the first, as a genera
European war will open vast market
and our resources for supplying it ARK
without limit.
THE following figures from the New
York Bulletin are significant of the ratr
at which nearly every American munich
pality is galloping toward bankruptcy
Debt of New York city. ..........$ 160, 600, 900
Debt of United States, 1860. ace. 65,000,UO00
Excess against New York city. .....s %, Oe0 0OO.O
Taxation Of New York city ......... $4,000, 000.O
Taxation of United States, 1860. 53,0O0,0 00.0
DlHerence Observation-Disclosures ZOOOO,OcJ "
Debt per head OF city population 1880
Taxation per head of city population. 27.5
Compare these figures with the follow
ing facts of population and taxation il
several foreign states, which include ex
penses for armies and navies:
Tarat,o,