The National tribune. [volume] (Washington, D.C.) 1877-1917, 1882-11-02
lis Industrial, Commercial, Railroad,
and Agricultural Development.
FINANCE AND TRADE.
Latest Reports from Leading
Business Centres.
The condition of the Treasury, as exhibited
in the public debt statement for the past month,

in the public debt statement for the past month
is as follows:
Decrease of Il, 629 Is
Cash Treasury 215,3~ l
ANalaplS cash.. '''''''''
Gold certificates outstanding. 26}60 ~
Silver certicates........., sou. II
Currency certificates 9@50e
Refunded .............. 49,. ~
Fractional .. 40 ~
legal 1Si Lon
Principal of debt. li0 II :.
Decrease of debt since June so, lSS2.... CO.'S, IL
Anovel enterprise has been started near Peril
Amboy, New Jersey. A company is making
terra-cotta lumber which can be made to taxi
the place of timber in most of its uses. The
process Is the invention of c. c. Gilman, of Iowa
and the lumber is made by mixing 4 peculiar
kind of clay known as kaolinite with saw-dust
forming sort of dough, which is cast into large
blocks and burned in kilns in a manner similar
TO that of ordinary brick. The material so pro
duced is said to be completely fire proof, and can
be worked as easily as pine lumber. The ROOT
of the new Columbia College at New York is tC
be constructed of this material.
The American Steamship Company of Phila-
deIphia, which has four American and six Eng
lish steamships on the line between Philadel-
phia and Liverpool, is now entering into con-
tract for the building of four steamships of
5000 tons each. The American vessels origi-
nally built for the trade have capacity of only
300 TONS and have proved insufficient for the
increasing business of the line.
The coinage executed at the United States
mint in Philadelphia during October aggregated
$685., 200 pieces, valued at s., 122 100. This
amount was made up of 81, 200 eagles 100000
silver dollars, 10000 dimes, $4,000 .fve-cent
pieces, and 3,26O,OOO cents.
RAILROADS.
The gross earnings of tbs Northern Central
Railrod Company for September were 1892, 49,
10: operating expenses, $299, 846.15; extraordi-
nary expenses, 81, OOI.59; net earnings. S269,-
5S7.41, being an increase as compared with the
corresponding month last year of $2l918l2S.
Earnings for the nine months ending Septem-
Der Both, were $40, S2455; increase of $780,
35868, as compared with the corresponding
period Of last year.
Three hundred tons of steel rails are loaded
in barges ready to leave Pittsburgh for the
South on the first high water, to be laid on the
Mississippi Valley Railroads. Two thousand
tons go to Anthony Ferry, Yazoo river, to be
laid in Sharkey county. A thousand tons go
to New Orleans for the road between that city
and Baton Rouge.
The Baltimore and Ohio Railroad has Sc
cured the right of way through the city of VIII
mington, Del, by the unanimous vote of the
city council, October Goth.
The net earnings of the Philadelphia and
Erie Railroad Company for September, 1852,
were $l49, 1925, an increase of $86, 1872 Is over
the same month of hast year.
The controlling interest in the "Nickel
Plate " road has been purchased by a syndicate
represented by Gen. Devereux and Judge Burke,
Of Cleveland, Ohio.
Pullman's patent on sleeping car berths
expired November LIST.
INDUSTRIAL.
The stockholders of the Mutual Union Tele-
graph Company have placed in trust for five
years the voting power of a majority of the
stock of the company Their purpose is mutual
protection against any adverse combinations
which might deprecate the value of their
property. The trustees are Mr.. George F.
Baker, Of the First National Bank of this
city; Mr. A. p. Potter, of the Maverick Ma
tiOnal Bank Of Boston, and Mr.. George w.
BallOu, of this city, either of whom will re-
ceive the stock and receipt for the same. For
the receipt so given trust company certificate
will be substituted as soon as prepared, which
certificate viii be transferable. The trust will
be closed as soon as a majority of the stock is
deposited.
During the last fiscal year there were domes-
tic money orders issued amounting to $113, 4O0-
nd int ny1,r 70
$6,536, 5144S. During the same period there
were paid domestic orders amounting to $l13-
3ss,30l90; international, $2,453, 1929. The
total amount Of fees paid by the public for the
orders was 81, 199, $3.50.
IN answer to a circular from the Department
of State that Department has recently issued a
volume on the cotton and wooden mills of
Europe as gathered from reports made by United
States cOnsUls. The reports treat the subject
very extensively, and cannot fail to be of in
terest to importers and dealers of wooden goods
in this country.
To transport the vast amount of cotton now
received, the Richmond and Danville Railroad
has been running special cotton trains. Hun
dreds of bales are piled on flats, and tubs filled
with water are placed all through the cotton
One Waterman takes care of two flats.
The general freight agents Of all roads run
ming east Of St. Louis, excepting one, met yes
terday at st. Louis and agreed TO reduce the
rate on cotton to New York and New England
10 cents per hundred. 1t is expected the new
rate will go into effect at once.
The receipt Of cattle ut the Chicago stock
yards last year were Lass, 80 head, exclusive
of calves The largest number received in one
day was ll,O63 head, and during one month
15l ,515 head.
The business failures for the last seven days
reported in New York number 131, of which
124 occurred in the country and seven in New
York city.
CROPS.
The potato crop is said to be almost as much
of failure this year in western New York
as it was last. New York produced last
year 25,0O000O bushels and the rest Of the
country S0000,0 0O-in all 100000, or fully |
20,0000O0 less than the average for the past ten
years. If, as is reported, the New York crop |
is only 22,000,000, or less than last year. the |
high price Of potatoes is likely to last for an
other twelvemonths, 10 the very serious loss of |
the community. In the last fiscal year over |
$4,500,O00 worth Of potatoes were imported |
against SS71019 in 1881, STA, 220 in 1880, and !
Sl,3i5,9l9 in 1873, another bad potato year In |
spite Of cheap breadstufs, a poor potato crop is |