The Mankato free press. [volume] (Mankato, Blue Earth County, Minn.) 1879-1924, 1880-03-05
TRADE AND MANUFACTURES.

during two days, fears being, indeed
entertained for his reason.
TRADE AND MANUFACTURES.
CHIcAGo's cloth manufacture last year
amounted toS100, 00O, 900.
The wholesale oyster business of New
York amounts to $25, 900, 900 yearly.
RETAIL cigar dealers in New York are
combining to advance the price Of cigars.
FROM 5000 to 10000 pounds of oleo-
margarine are sold in Philadelphia daily.
The Flint and Marquette Railway and
the Mackinaw division OF the Michigan
Central are running long trains daily.
FIVE acres of land have been leased at
Four Mile Run, McKeon, county, Pa.
upon which glass works will be erected.
The Erie blast furnace Is at present
engaged in filling bill of 300 tons of
iron for Cleveland parties. The sale was
remarkably good one.
IT is stated that the Amoskeag, Man.
chester and corporations of Manchester
will increase their rate of wages ON March
LIST, from six TO ten per cent. The same
is reported of the Derby mills.
BEssEMER steer rails in 1873 could be
bought in England for $22 per ton; JAN
uary l, 1879, they were selling at $42 per
ton; now they are quoted mt about $40
per ton, and the price is upward.
The chain and hinge works at Beaver
Falls, Pa, are working to their full ca
pacity. A correspondent writing from
that point to the Pittsburgh Commercial
Gazette says that things are just hum
ming there.
IT Is rlm0red that the Philadelphia
and Reading Coal and Iron company
has leased the Pennsylvania iron works
ut Danville, and will soon assume charge
of them. These works give employment
to 1000 men.
The Springfield Republican notes the
advance of 40 per cent. in the stock of
the Willimantic linen company of Hart
ford in one week, and it says that another
manufacturing company has declared
dividend of 65 per cent.
The speculative fever pervatles all
classes in Boston, even the women yield
ing to its influence. A gentleman who
has been in business on State street for
90 years says he has seen nothing to
equal it in all his experience.
The tobacco crop in Pennsylvania is
of greater consequence than may gener-
ally supposo '. In Lancaster, York and
Lebanon c, II. les, to which the bulk Of
the tobacco culture is confined, no less
than "a, 100000 pounds were produced
last year, valued ut "a, 100000.
The town of Cohoes is unfortunate in
the execution of its new fire limits law.
A manufacturing firm took umbrage Mt
interference with their plans for bnild-
ing long wooden extension, and are
transferring their rolling mills to Albany.
The firm already employed 500 men and
disbursed $3.50 monthly among them.
The various manufacturing establish
ishments in Columbus, Ga, give EN-
ployment to 1,20l adult males, l,160
females and $50 children-a total of
2,64l persons. This is the number
steadily employed. In times Of unusual
activity it is frequently doubled. The
population of Columbus is about Is, 900.
THIS was the sage remark of an Old
Boston merchant: "I've stood here on
State street for ten years, and l have
seen men accumulate fortunes by specll-
lation, and I've seen these fortunes dis
appear. l have seen men go up i'll
worldly wealth, and down, and I've al
ways noticed that those persons who were
content with slow gains and per cent.
interest came ont ahead iii the long run."
SPEAKING of the rise in the price of
white papers, the Hartford Courant
"a r II
sold so cheap as the newspaper of to-
day. 1t is barely possible that the very
low price ut which it is bought tends to |
lessen the public estimate Of its value.
Year by year the expenses of newspaper
has increased. Take paper
of to-day and compare it with one Of ten !
years ago and the change is wonderful.
With one of twenty-five years ago there
is practically no comparison possible, as !
there is no ground to put them on. The |
labor Oh the present daily paper involved
in type-setting, printing, reporting,
editing, correspondence, and the thou
sands of incidentals, is greater than any
body outside an office can imagine. The
bill of to-day would have made
4 manager faint few years ogo. There
has been steady and amazing improve
nent in newspapers during the past de-
,ade, with 10 increase whatever of price,
md it is among the possibles that when
he general rise Of material begins to be
felt by publishers, as it soon
must, a rise of price may have to follow.
It would not be making people pay more
or their paper than they used to. 1t
would be merely making them pay for
nore-which they get in their paper"