The National tribune., 1883-06-21
OUR GROWING COUNTRY.
Its Industrial, Commercial. Railroad,
and Agricultural Development.
FINANCE AND TR A D E.
Latest Reports from Leading
Business Centres.
FINANCE AND TRADE.

Business Centres.
The New York Sun recently gave some of
the details 81 a programme OF the Reading and
BaiiiEsore and Ohio Iaail ruads Cor reaching New
Enelan8 They aro ~ follows: - Ii is not gen.
erdliy known that the Philadelphia and Read
ing AID she Baltimore and Ohio are making
great caoris 10 reach the Eastern States and
have terminus at Boston as well as New York.
The Pennsylvania S.stington and New Eng
land Railroad is nearly finished from Stating
ton. Pa, ca the Lah "A River thence over the
entire iensth Of tie great slate belt Of Penn
EylyaHiG TO Portland, on the Delaware River
near the hsser Gap, where 10 crosses the river,
Win is terminus near Goshen, \. Y. BY tins
seyeBtg-ci-slt mics 81 new road. crossing the
Delaware, I.ackawaHa, and Western aud Lehigh
Valley Roads, the great trunk lines OF the
Southwest propose TO compete with the Boston
and Albany ANA the New York Central or Nor
thcrn roate for the Eastern traffic 1t has been
decided TO unite the Highland Junction
Storm King-R2;iT0ad with the Pennsylvania,
Siaiingioa and New England Road AZ lis ter
minus near Goshen. This wall give the trunk
lines of the Southwest q direct line 10 Boston
over the New York and New England Road.
The surveys are all made, and the highest
grade viii not exceed twenty feet TO the mile
gong east, and going west not more than
thirty feet.
The San Francisco BrEetin gives the following
estimate OF the value OF tue various products of
California for the preseat year: Wheat of
course. comes first and is yield is pat at POO,
coo toas which viii be worth S36090000. Tine
mines comes next with S29.009.099. The wool
clip is next IN rank, lis amount being estimated
at 81 100000 pounds, worth at least Sl0,209,000.
The fruit and vine lntcTes- ranks fourth with
production of $40. 100000. Cattle for market
ff.flF - .ss.n %
products are estimated Ut 100000 aud fax,
silk. cotton, &c, at $200.000. Unclassified pro-
ducts, such as cashmere goat hair. chicory, gar
den truck, &C., are estimated at 100000 This
makes total OF S52.600,000, or $50, 600, 600 for
agricultural and kindred pursuits. 1t is csti-
mated that only 10000 people are engaged in
agriculture, and ii Is asked If any other State
can msle as good showing with similar
agricultural population. The reason for this
large production is found 10 lie in the character
of the land, which yields SIS per acre In cereals
10 SO IN the States of the Mississippi valley.
Vineyard and orchard lands here yield Sle0 per
acre. The prosperous condition of the State is
further shown by the fact that notwithstand-
ing low interest has caused the withdrawal of
many deposits from banks, there were January
j, 1883, deposits amounting 10 SS3,042,2243.39,
against $s6, 39l 1880 at the corresponding date
last year"
At meeting of the directors of the Western
Union Telegraph Company, held in New York
on the 18Th inst, John Jacob Astor was elected
director in place Of Amasa Stone, deceased,
and John z. Terry was elected member of the
executive committee in place of Edwin ID. Nor
gsn, deceased. General Eckert, acting presi-
dent made the financial report, showing the
revenues for the quarter ipartly estimated1,
added 10 the surpius0f April ], to be s., 270 242
Dcducting interest appropriations and appro-
priatlon for the dividend, surplus is LEFT of
4 =.
clared payable on and after July Is. and on
removal Of legal restraint prohibiting such
paymelt to stockholders of record at The close
OF the transfer books on the Both of June inst.
The books of the capital stock Of the company
IN New York and London viii be closed at 3
O'Clock Of the afternoon of the Both of June
inst, and be reopened on the morning of the
18th Of July next.
A New York civil engineer is in Chicago in
connection with the establishment of pneu-
matte pipe line between New York and that
city. The plans are TO lay four-inch iron
pipe for the transmission of letters, messages,
grain samples and other light parcels ut very
low tariff. Way stations viii be established at
Cleveland. Buffalo, and other points. A meet
ing viii be held On the 2Gth TO organize the en-
teTprise.
The fine rains ia Virginia and North Caro-
lima recsntlF have been of great benefit to all
the crops. The putting out of tobacco plants
has been very general, and the prospects are
that the crop viii be as large and of equally as
good quality as last year. Wheat has Improved
very much IN the past two weeks, and, while
the crop viii not be as large as that Of last
year, the quality will be better Corn is also
IL a fourishins condition.
The Southern Exposition at Louisville, XIV,
offers premium of 81 600 for the best bale of
long staple cotton, $500 for the second best, and
$3.50 for third best The same premiums are
duplicated for the best three bales of short
staple, 500 for the best exhibit of Sea Island
cotton, and $3.50 for second best. These cotton
premiums offered make the list foot up S, 49,
a Louisville cotton house viii increase the
amount TO $4,000.
Chinese firms are quietly buying or leasing
3 large quantity oI real estate in the northern
part Of the city Of Victoria, b. c.. on which TO
erect business houses. The transactions are
REGARDED IS significant Of the intention Of The
CAiaose TO m0aopolize the trade in Chinese
aid japanese goods with eastern Canada on
the completion OF the Canadian Pacific Rail-
road
The tonnage returns for the first three weeks
daring which the New York canals have been
cpcn under the free policy show an increase Of
A 81 tOns as compared with the same time
last year. There was an actual increase of TO-
&c tons the first week but q strike among
canal boatnen, and other like reasons, caused
RcecFcAse in the Two succeeding weeks.
Sixteen car loads OF bituminors coal from the
Southwestern Virginia Improvement Com
rany's mines, the New River Railroad
branch Of the Norfolk and Western Railroad,
arrived at Petersburg Va, on Thursday, con-
signed 70 the agent of the Allan Line steamers
at Norfolk. This is the FIRST shipment from
these mines.
The correspondents Of the Kansas Board of
Agriculture report that although the acreage
l. short OF last year, the yield per acre will be
above the average for the past five years. The
area Of corn is greater than ever before, and
- although backward in some localities the State
has never had such bright prospect for a big
corn crop.
The boom in Confederate securities at Rich.
rlDnd Va, continues. There have been sales
a. auction OF North Carolina war bends at "a
per $1,000, and brokers are constant buyers Of
81 classes OF Confederate coupon securities.
The house Of Thoaaas Branch & Co has bought
over s20,00a,Go0 worth of ilcso securities.