The National tribune., 1882-09-23

During the session of the Tariff Commission
in Minneapolis, Mimi, on the 14th inst, the
Secretary of the Board of Trade stated that the
city owed its prosperity originally to lumber
and -four mills The shipments of flour in
1860 were 10000 barrels, and in 1851 3,l42,94
barrels. The quantity of wheat ground into
-four in 1SSl was 16,5OO.00O bushels, being
2.50OO0O bushels more than the entire receipts
at Chicago in that year. The foreign export
of flour from that city in 1878 was lO9, lo3 bar
rels and in 1851 amounted to Isl, ,324.
The District Amalgamated Association con-
vention at Youngstown, Ohio, Tuesday voted,
by an overwhelming majority, to return to |
work at the old rate. Similar conventions |
were held at Pittsburg and Wheeling at which |
it was decided to withdraw all the demands |
made on June /, and to present the old scale OF
wages to the manufacturers for their sigma
lures. This virtually ends the strike of the
ron-workers, which has lasted 116 days. The
loss TO laborers in wages is estimated at be-
tween $S000000 and $10,0O0,OO0
The losses by fire for the first eight months
of 1889 foot up more than $6l,O00,ooo, more
than $50OO,O00 in excess of the total for the
same months of last year. The July record OF
losses was higher this year than ever before
except in 1866. These are not encouraging
! figures to property owners or underwriters.
Statistics of sale and settlement of United
! States public land show rapid and gratifying
| growth of. the agricultural interest. For the
! fiscal year lately closed the average number OF
acres disposed of is put at upwards OF l5oooooo
| and for two or three years Immediately prevl-
GUS at about 100000 per year.
The speculation in confederate bonds, about
as unreasonable as that in some of the fancy
Wall street stocks, still continues. According to
the Savannah Neus, Mr.. George w. Felker, of
that city, recently sold 100000 for $3.50 in
currency.
stupendOus project is on foot in New York
to establish a system of telephone communlca-
ton between America and Europe, and which
is at present occupying the attention of re-
nowned electricians and capitalists on both
continents.
The sales at Oil City (Pa.) exchange from
I Monday morning till the close of exchange on
Saturday afternoon last were Al ,916,O0o barrels.
This is the largest weeks business in the his
tory of any oil exchange.
Rumor saws the Gas Company at Dayton, o.,
recently increased its capital stock $4,000, and
bought up the Electric Light Company with it,
thus controlling the field.
THE CROPS.
The Department of State has been notified
by Consul Sterne of Budapesth, that contrary
TO general expectation the price OF wheat, IN
stead of Being well sustained at 120 cents per
bushel has within the two weeks ended Aug.
%. 1882 fallen to 115 cents and even at this
decline the export, which had opened under
, fiving colors, is dragging, and there is every
probability of a still further reduction. This
change is principally caused by the reports
, from the United States of abundant crops and
immense shipments of grain. Another reason
, is the difficulty attendant on the transporta-
ton of grain from the interior, and the general
inability of the railways to supply adequate
rolling stock.
Special dispatches received at Chicago, this
| week, report that the corn crop in every dlrec-
2 ton has been wonderfully improved by the
, past two weeks of fine weather. In southern
Illinois it is believed the crop will be safe from
r frost bv the first of next week. The crop will
: be a full three-quarters average In Iowa, 1t is
} thought. the yield will be the largest and best
ever known in the State. The corn had hard
ened and is fast getting away from danger by
: frost The hot weather which still holds IN
Nebraska and parts of Kansas has done nc
| harm the crop being so forward as not to be
l affected.
e Illinois has raised this year the extraordin
l ary crop of 1O0O00000 bushels of oats. This
r. +Ia,, nF
e previous year. and it no doubt surpasses the
a entire crop of that kind in the entire country
e not many years back. The oat crop every
), where is prodigious one this year, and th'
c value of it is manifest it has direct bearing
Il ON the values of live stock, and that interes
: again enters into many important elements o
e wealth. And while raising this phenomena
/ crop Illinois has done almost rs well in all tn
, other products of her fields.
u The directors of the Northern Pacific r.
: Co, at their last meeting in New York, author
" ized the issuance of new obligation amount
- ing in value to eleven and one-tenth per cent
of preferred stock to be issued to preferre
a stockholders only This is to meet the clair
J. that the company, since its organization Il
lg 1875. has earned a surplus of S453O,0OO, whlc
40 should have been palu as dlNluehus Oh pleici
st red stock, but which has, instead, been used i
extending and maintaining the road
II Epicurians may be interested in reading tha
rs in Mr.. Olsen's paper on the North Sea Fisi
81 cries" he writes of 200 miles of oyster-bed
% 80 to 20 miles wide. That is 10000 acres {
p splendid oysters near the British coast. A Gu
5G rious feature is that the oysters lie at dept
- of 2l fathoms, which rebuts the idea th;
- oysters can only be raised in shallow waite
VI OYSTERS Will hardly be cheaper in consequence
IS but what shall we say of a man who discove
V. 10000 acres of oysters?
The Department of State has received a di
-37 patch, dated August 2S, from Minister Crane
W of Bcrne, in regard to the almost total failul
. of the potato crop in Switzerland, potato
y forming one of the principal articles of diet
,l- the Swiss Mr. Cramer assumes that a larj
~ import must necessarily take place, and
,~ suggests that American exporters of breadstu
% ~ onco Ynaka arraO To SuDn