The Superior times. [volume] (Superior, Wis.) 1870-1912, 1880-02-07
THE BUSINESS REVIVAL.

Tx DUSlNESS REVIVAL.
The production of petroleum is about
$4,000 barrels day.
The United States consumes every
year 30, 900 bushels Of canary seed.
THE total home clip of wool last year
amounted to 232, 500, 900 pounds.
THE shipments of soap from Cincin-
natl Ill 1879 were 44S, 972 boxes.
SIXTEEN million bushels of oysters are
annually packed at Baltimore
! CLEVELAND decreased her debt $685.
600 during 1879, and has IS, 591 900 left
to pay.
I LEADvILLE, Col, has four banks of
/ deposit, and the Democrat says they are
overrun with deposits.
/ A CALIFORNIA paper says that it is now
considered well settled point that the
production of raisins in that state will be
made profitable.
THE west-bound Union Pacific train
from Omaha Onthe 14th ult. took out $50
sacks of Australian mail for the next
steamer from San Francisco.
The shipments of mules and horses to
the south is on the increase The trade
is now said to be better than since the
panic of 1873
THERE are now nearly one hundred
lumber and Single mills on the Saginaw
river, with an estimated capacity of &c.
/ 500, 900 feet, and giving employment to
/ over thousand men.
/ Iowa butter is carried from Davenport
to Boston for sixty cents per hundred
pounds, and frequently Vermont butter
goes into the Hub with the same train at
eighty cents per hundred pounds.
I THERE is a sudden cessation of pros
perity at Virginia City, New. Mining
! stocks are down, work III the mine has
stopped, and the poor are destitute IN
the midst of an uncommon cold winter.
The assignee OF the Stuyvesant bank
of New York, which failed 10 years ago,
has just announced his readiness to pay
the stockholders first and final dividend
of three cents on the dollar.
THERE have been very large sales of
hemp In New York, many OF which were
Oh account of Boston owners. The sales
foot up nearly 20, 900 bales "tO arrive"
III New York and Boston, ranging from
to g cents.
A CHICAGO paper says that the culture
of frogs is quite an important industry
III Illinois where one man has over an
acre and quarter Of land, on which he
is breeding 200, 900 dozen of frogs of all
ages for the Chicago and Cincinnati mar
kets.
ALTHOUGH glycerine was discovered by
Scheele in 1879, it is ouly within the last
few years that it has been manufactured
commercially. Its value became known
simultaneously with easy and cheap man
ufacture. France is now pre-emiment III
It's production.
The aggregate steam power Ill the
world is ae present $4,000 horse
power, employed in stationary engines,
and 10000, 900 horse power In lOcOmO-
tive engines. The steam power IS equal
to the working force of %, 900, 900 horses,
and one horse consumes three times as
much food as one man. The steam
power, therefore, is equal to the savings
of $4,000, 900 human beings.
THE sugar and India cargoes to Boston
this year will be very large, as numbers
of vessels are now loading or on the way
from Calcutta, Manila, Java, Singa-
pore, etc. The West India trade on
sugars reached last pear 1872, 900 hogs
heads, or 500 cargoes. Probably this
year from Cuba, Porto Rico, Barbados,
Martinique, St. Croix and other ports 600
cargoes Will be received.
LAST year was a bad season for Pacific
cost mining speculations, 27S companies
having assessed their shareholders for a
total of Sl4, 9S7, 800. The entire assess
ments III Nevada for deep mining on the
Comstock have been 81 ,404 400, and the
dividends only 81, All, 800. In California
the assessments exceed the dividends by
nearly S1,500,000, and mining stocks
have fallen all round.
GERMAN telegraphic engineers have
lately been experimenting with alumni
MUM as material for telegraph wires.
This metal can easily be drawn out to o
much finer gauge than Is possible with
iron, and its cOnductlbIlity Is twice az
great as that of iron wire. It's excessive
cost has hitherto prevented its use fo1
the purpose indicated, but it is found
that an alloy of aluminium and wire can
easily be made, which will produce 8
wire both finer and stronger, and less
susceptible to atmospheric change than
iron wire, while it is much superior as q
conducting medium.
AUGUSTA, Ga, has six cotton factories
in operation, one is in course of building
and capital is being raised for still an.
other, the last to have 24,000 spindles
and TO cost $4,000 The six factories
used last year 10000 bales of cotton
their products being worth 81 200, 600
Cotton-mill stocks there are quoted al
I 120@130. Last year the mills paid ter
to twelve per cent. dividends, and put
away handsome sums in their sinking
funds for extensions. The new 24,OOi
spindle factory Will add to the population
Of the city at least 5000 souls, and vii
pay the employees $4,000 annually
These mills make, besides what they
consume, market for 175, 900 bales o.
cotton, which requires $4,000. 600 an.
nally to handle.
The Pittsburg Commercial Gazettt
arrives at the conclusion that all the in.
d1cations show that the business is in
healthy and prosperous condition. excep-
where it is hampered and threatened by
over-speculation. eff any one had sale
year ago, says the Gazcttc, "that the
American nation would within twelve
month show that it had forgotten the les
son of 1878, he would have been laughed
at as a pesImist But, nevertheless, Oul
chief danger lies IN the repetition Of the
over-speculatiOn and undue expansion ol