Orange County observer. [volume] (Hillsborough, N.C.) 1880-1918, 1881-01-15
Commercial.

1t appears by an Odessa circular that
the total stock of wheat in that market
is 80 1000 quarters, whereas to keep the
mill going until the opening of the
navigation in March no fewer than
600 600 are required. Russia, which
ordinarily exports 40, 900, 900 quarters,
will now have to buy grain. The
Gotos gloomily points out that there is
small ground for looking forward with
any degree of confidence to a good
harvest in the future. tt e thousand
insect pests which, aided by IMPROVE
dence at the communal system, have
brought things to their present pass,
have defied the efforts made to exter-
inmate them, and lie safely hidden
under the snow until spring enables
them to resume their destructive work.
The Golos puts the expenditure of Rus
this year as 26, 343, 461 roubles over
the revenue. Things are altogether
in a poor plight there.
From recent statistics issued bp the
Norwegian Government it appears
that the mercantile marine of that
country is increasing at a remarkable
rate. During 1873 the increase amount
ed to 33, 900 tons and at the commence
ment of last year the fleet consisted Of
1892 sailing vessels and 306 steamers,
being about So per cent. of the former
and II per cent. Of the latter class of
vessels. The proportion of steamers to
sailing vessels in most other countries
is much larger than it is in Norway.
The great bulk of the Norwegian sail
ing vessels are employed in the Amer
can trade, the export of produce from
the United States alone during 1878
producing in the way Of freight 81
$4,000 crowns, against 5000, 900 in
1877 and~17, 900 900 in 1876.
DECADENCE OF OUR COMMERCIAL
MARINE.-The desadence of our COM
mercial marine is not a gradual dry
rot in point Of fact it is rapidly pro-
gressive. In this report there is no
mhtaking the statistics of the Register
Of the Treasury, just submitted in his
annual report covering the operations
Of the past fiscal year. According to
these, the total tonnage Of the country
exhibits a decrease Of 1O1 $50 tons.
Steam tonnage has increased 81. 1886
tons, and canal boat tonnage 1852 tons.
while the sailing tonnage has de.
creased S6,555 tons, and the barge ton
mage SIS, $50 tons. During the year the
amount Of shipbuilding has been less
by s., 62O than of 1879. The increase
in steam tonnage is chiefly visible in
additions to our coasting vessels. In
the foreign trade we are doing nothing
worth speaking Of. 1t does not appear
that any orders have been executed 70,
rate it is clear that American ship.
building ere long will become one 0,
the lost arts. Congressat its approach.
ing session can if it will do something
to assist this long depressed interest by
removing the shackles which obsolet.
navigation laws have imposed upor
it for the especial benefit of r Euro u-
pean competitors in the carrying
trade.
C., DINING at restaurant one da,
discovered an error in the checi
against the house.
The discovery makes him furious
and, going 10 the cashier. he oar
Il understand you did il 10 try me
lon wanted to see If | would take ad
vantage Of it. You took me for q ras
cal. shall have satisfaction.
And he stalks out, leaving the checi
unpaid.
The repairs of Madison Square Gar
den. New York. will necssi,a,e the pos,
ponement OF the next competition 70
u the OfLeary belt until the first or sec
ond week in February.