The National tribune., 1883-04-12
OUR GROWING COUNTRY.
Its Industrial. Commercial. Railroad.
and Agricultural Development.
FINANCE AND TRADE.
Latest Reports from Leading
Business Centres.


third of the east-bound tonnage which passes
through Chicago from the North and West.
The Harrison Steamship Line is sending from
New Orleans three steamships per week laden
with miscellaneous cargoes. At one time last
week there were seven vessels in New Orleans
harbor, clearing for foreign ports. Six of these
vessels were receiving grain from floating ele-
vators and the seventh from the ST. Louis
elevator An inquiry for space TO load 200
tierces OF lard was answered TO the effect that
tonnage for heavy freight had been engaged for
Narch and April, and nothing could be received
before May. Statistics Of the 81. Louis Freight
Bureau for twenty business days IN March
showed that nineteen steamships had cleared
from New Orleans for European ports, irrespec-
tive OF the departures for the Mediterranean,
South America and the West Indies. The st.
Louis and Mississippi Valley Transportation
Connany's books showed the actual export
movement from St Louis. via the gulf, between
February u and March 25. to have been sl,572
tons This inclnded 1S06, $50 bushels of corn,
and GS3, 5s2 bushels of wheat
A San Francisco dispatch says: C. a. Spot
ford. private Secretary of Henry Willard, who
arrived here Saturday, says an engagement has
been made between the Oregon and 1ranscon-
tinental Company and the Oregon and Calilor-
mia Railway Company, by which the Oregon
and Transcontinental Company shall complete
and equip the remaining 125 miles OF the south
ern extension receiving therefor 600 IN
first mortgage bonds and IS, 100000 in second
mortgage bonds The Oregon and Iranscontl-
mental Company viii lease the Oregon and Cal
ifornia system for ninety-nine years, paying
interest on the first and second mortgage bonds
and $50 900 per year 10 maintain the organiza-
fion Of the Oregon and California Company;
also $4,000 per annum for three and a half
years, to be distributed as dividends at the rate
of p per cent. on the preferred stock of the
Oregon and California Company. The Oregon
and Transeontineutal Company, after July 1,
1856 viii pay 80 per cent. OF the gross earning
TO the lessor, with the guarantee that this shall
I've sufficient TO pay the fixed charges, and S2O,-
600 per year for maintenance and a minimum
dividend of p per cent. on the preferred stock.
Details have been published at Wilmington,
Del, concerning the operations of the Mary
hand and Delaware Ship Canal Company, which
was formed for the purpose of constructing
ship-canal across the peninsula by what is
Known as the Sassafras route. IL Is stated that
the bonds have been placed in France by Mr..
Henry b. Tibbitts of New York, the president
of the company, and that the money has been
raised for the canal, which is TO cost So 100000.
The canal. it is said, viii be constructed within
the next four years. The canal is to begin at
Georgetown bridge, on the Sassafras River, and
viii occupy the bed of the river for four miles
then, taking the main tributary, ii will follow
the main tributary TO the dividing ridge be-
tween the waters of the Chesapeake and Della
ware, and thence by Blackbird Creek Valley to
point near Tayler's bridge, where it viii take
nearly direct course TO cove on Delaware
Bay, below Gull bar. The whole length of the
canal viii be twenty miles. The width viii be
ninety feet at the bottom, and the depth twenty
seven feet below mean tide at Georgetown
bridge
A year ago the State Legislature of Texas
ceded a portion of the State known as the" Pam
Handle" comprising 3, 000,00 acres, TO syn
dictate composed of C. b. Farwell, J. V. Far
well Abner Taylor and A. C. Babcock,sin con-
sileration Of the erection by the company of a
oas.ital 5Rlaing for the State in Austin to cost
Sl5l4, 600. thus fixing the value of the land at
90 cents per acre. 4 London syndicate has
just been given the refusal Of the entire tract
until April Is and the sale is declared virtually
concluded. Theprice, it is stated, is SO, 1000 600
The tract is 5000 square miles in extent, COM
Prises the northern arm of the State and is de-
clared TO be rich in arabic and growing lands
IL is watercd and timbered to such degree as
10 have attracted three English syndicates, who
sent agents across the water to purchase it.
The last agent made two propositions: To rent
the privilege of grazing stock or to buy the land
outright. The sale was closed on the latter
proposition On condition that the first payment
be placed to the credit of the Chicago owners
1AA lhAhI DAAh vi luE NdtC lGIQtU.
The National Capital Telephone Company. at
its annual meeting, held in this city on the I'd
inst, increased its capital stock to 5000 600 The
executive committee were authorized to contract
forthe immediate building of a six-wire line so
as 10 connect Washington and Baltimore. The
company expect 10 have the line in working
order by the 18th of May next Telephone
stations viii be established at most of the vii
Lagos on the pike between this city and Baiti-
more. While the exact fee has not vet been
fixed il will probably not be more than twenty
five cents for conversation of five minutes or
less, sum which is now charged for a ten-word
message by telegraph. This company has now
talephcne line TO Alexandria Va and is
making arrangements for the erection of trunk
lines all through the State of Virginia.
The tenth annual meeting of the Wyoming
ftock~Gr0Eers Association has Just been held
at Cheyenne. The report of the executive
conaznittec shows that last year 100000 beef
cattle were inspected, an increase of 81 600 over
The previous year. About 1000 head were
killed by the Union Pacific Railroad. Itfurther
shows that herds of breeding cattle are selling
t~cnty-fvc per cent higher than last year. and
thHt 81, 600 of Scottish and English capital
were invested during the year in Wyoming and
Che Texas Panhandle. The drives from the
West have ceased, and those from Texas have
greatly diminished.
1.-THE Gallslee fishery at Seabright. N. J.
the sight of which in 1868 cost 81 500. and
Whtch New York capitalists now desire TO mr.
chase at q cost of 100000, has during the past
year cleared 100000 profit on the fish caught
The association consists of twenty-one mem
bors, all fishermen.
Maine has forty-nine cheese factories. with
mn average Of l07 COWS TO each, 60 being the
lowest and 500 the highest number. The total
product OF ali these factories during the last
year was Csc, S3S pounds of cheese, the average
price received being twelve and a half cents
per pound.
Papers have been fled at Albany, n. Y, or
Ennizing the Globe Telephone Company, with
capital of $4,000, 900, TO do telephone bust
Hess throughout the United States. The pur-
pose is 10 use instruments that will talk over
long distances.
1t is estimated that there are 1900 600 sheen
tn Texas. This number will probably be in
creased during the coming season to $500, 600,
which, valued al $3.50 each, would make the
total valuation of sheep in the State $l3,75O,.
GOO.
30 many logs hsve been cut and hauled this
season in Maine that it is thought the mills will
mot be able TO saw more than half of them. In
Che Machias basin alone $4,000, 600 feet of logs
have been cut.
The North Carolina State Board of Aaricul.
ture met at Raleigh on the 4th inst. IL was
decided to make full display of State products
Gt the fair of the New England Mechanics, In.