The National tribune., 1882-12-28
IFS Industrial, Commercial, Railroad
and Agricultural Development.
FINANCE AND TRAD E.
Latest Reports from Leading
Business Centres.

of the year. is called Mlbrae The house Is like
palace in size and external ornamen;ation,
but is built of wood, as are all the others IN the
valley. on account of the dread OF earthquakes.
Further along is Belmont where Ralston, the
unfortunate manager Of the Bank of California
used TO entertain strangers and friends alike
with lavish hospitality. This property Is iii
the hands of a receiver. At MCnlO Park. thirty
miles from town. are dozen or so of very eN-
pcnsiVe summer houses. The newest and most
wonderful is that of Flood of Comstock Lode
celebrity. 1t appears in the distance like n
magnificent white marble pile Of vast proper
lions and ornate architecture, hut proves on a
nearer view, to he painted wood 1t stands IN
beautiful grounds, and is approached by wind
ing avenue lined with exquisite flowers. An
other grand place at Menlo cost the late banker
Latham million, but cannot now be sold for
the 100000 mortgage that rests on it. En-
Governor Stanford's estate embraces 5000
acres, much ofwhich is used for stock breeding
The failure is announced of the Cooperative
Dress Association of New York. Kate Field,
Mrs. John BigelOw. and other well-knOwn
New Workers are the leading spirits III the
concern. 1t was started about one year and
half ago with a capital of S250,OO0 Stock
holders, it was announced, were to have re-
ductiOn of five per cent. on all purchases be
sides the dividends that were certain TO be de-
clared. A large tivc-story double store on
West Twenty-third street was hired and fitted
I'D in handsome style. ThCre was q hand
somely furnished reading room and a reStau
rant, which has been patroniZed by Out-Of-
town customers. The stock was in 50 shares.
These were taken largely by wealthy Ladies
and many of the middle classes The loss is
not likely to fall very heavy on any one. al
though there are instances where there will be
a loss of few Thousand dollars. From four to
twenty-five shares is the amount held by most
of the holders of the stock. The liabilities are
given at $125,0 and the assets $2i4,00G.
Late accounts from California notice the great
increase in the size of the vineyards there. 4
plantation of POO acres used TO be considered
a lar 5e vineyard now vineyards of 500 and
600 acres are not uncommon, and one of 1900
acres was recently planted near Los Angeles.
1t is expected that in three years so Califor-
mia will possess vineyards of 5000 6,000
acres in extent. The total number of acres at
present devoted to vine culture is estimated at
about 100000, all of which will be bearing i'll
about four years time. and producing about
forty or fifty million gallons annually. New
wines at present fetch from twenty to twenty
five cents per gallon for dry wines either red
or white. Sweet wine is dearer, ranging from
fifty-five to seventy-fiye cents per gallon.
Though next years prospects are good, last
years prices Of grapes are not likely to be main
fained, as the cellars of San Francisco are said
10 be full.
The new works of the Clark Thread Com
pany, at Kearney, \. j., have been formally
opened. Here are some statistics about them:
There were 100000 of bricks used in the
buildings, 2,000,0O0 feet of lumber and 100000
pounds of iron; there are two pairs of engines
of 500 horse power each, twelve tubular boilers
six feet in diameter and seventeen feet long;
800 puliies from eight inches to eighty-four
inches: so machines, weighing 100000 Of
ponds which in one day of ten working hours
will TnIg rof Of IN
circle the earth four times, and so fine it would
only weigh 1900 pounds. The spinning mill
is ;}l4 feet long, 125 feet wide and five stories
high. The thread mill is $50 feet long, eighty
five feet wide, and five stories high. The
chimney stack Is 200 feet high and seventeen
feet wide at the sottom. The cotton mill is
the largest in the United States that is entirely
used i'll spinning cotton and in its preparation.
The mill cost over 81 100000.
An invention, which it is believed will effect
important changes in the metal trade has re-
Gently been patented in Great Britain and most
foreign countries, and is now being sold as an
article of commerce. The invention consists
of q new method of manufacturing alumina, by
which nine-tenths of the present cost is saved,
while it can be made in immense quantities in
the course of few days, instead OF requiring 8
months to produce il, aS was formerly the case.
The inventor is Mr.. Webster of Hollywood.
near Birmingham, England, who has been en-
gagged in the experiments since 1871, and only
succeeded in periecting his process about twelve
months ago, after having expended nearly
$4,000 in the experiments.
Statistics of building in Chicago in 1882 are
now complete. The number of permits issued
was 3,6i0. The street frontage covered with
new structures. lineal measure, was about four
teen miles, and the total cost Of buildings
erected was about S20,000000 The larger pOr-
tion of the new buildings are two and three
stories high, about one hundred are four stories,
seventy-fiye five Stories and thirty six stories.
There are few seven, eight, nine, and ten
story buildings. The totals show that the ex-
penditure this year has been about one-half
that of the year 1872 when the rebuilding of
the city after fire tie was going Oh.
Emigration from Germany to the United
States seems to have fallen OF somewhat from
the high figures of last year. During Novem-
Der the number Of cmigants who left Ham
burg was S,l44, as compared with 934l in the
same month Of 1881. For the first eleven
months Of the current year the number was
11009l, as against 1889 for the same period
Of last year: but the former figure includes
q considerable percentage Of fugitive Russian
Jews. On the whole, it is calculated that the
number Of emigTants through Hamburg has
this year fallen off by from 10000 to $4,000.
The industrial census of Philadelphia, as
taken by the police department under the di-
rectiOn ofIorin Blodgett, is substantially com
plete, and the returns show a large increase as
compared 10 the census of 1-S0 From the
figures already computed over 10000 establish
Inents are shown, with 222, ,652 operators. This
is an increase of 1000 establishments and of
10000 persons employed. Mr.. Bodgett calcu-
latcs that the entire completion of the revision
will show 1900 establishments, with 100000
persons employed.
George Tying, representing the Tehuantepec
Railroad Company, New York, has formally
agreed TO the forfeiture of the concession by the
Mexican Government. The government paws
the company II, ,625,000 for the road construct
ed the rolling stock, materials &c. One hun
dred and twenty-five thousand dollars in Mcxi-
can silver are already pad, and Of the balance
100000 will be paid in April, and 100000
per month thereafter until the completion of
the payplent-thc future payments TO be made
III American gold.
At meeting of manufacturers of iron in
the States east of the Allcghanies, held at Phil
adelphia statement TO Congress was adopted
expressing satisfaction at the appointment Of
the tariff commission, and while not wholly
approving of the proposed reduction Of duties
expressing the belief that the industries of the
country viii not he seriously affected thereby
Con@r is admonished that prompt action on
the tariff question will relieve the feeling of
uncertainty which Is now causing depression in
business.
1t Is announced that the telephone interests
of the Lehigh Southern and East PENNSYLVANIA