The National tribune. [volume] (Washington, D.C.) 1877-1917, 1883-05-31
It's Industrial. Commercial, Railroad,
and Agricultural Development
FINANCE AND TRADE.
Latest Reports from Leading
Business Centres.

e
urged tiat the rate charged on the caarser aud
cscaper grade of goods is oat Of all proportion
10 their value, and 10 the expense of carrying
fssem. st tie suggestion OF Nice-i President
RanchaRl of the Erie Road, a petition had
been pr seated 10 Commissioner Fink, signed
b. nearly all the representatives Of the large
cotton nails CT EsiGe. New Hampshire, MASH
claasetts. Conncclicut Rhode Island, New York
ard Pennsylvania and nearly all the represen-
fafive DRY goods merchants 81 New York. BOS-
ton. Phlatlelphia, Baltimore Chicago, -. Louis,
a.ld other prominent cities, IN which it was set
iog;h that tie classification of this kind of
goods WAS made during the war, when the
Vaiue was in some instances ten times greater
t8aB it Is now. The executive committee OF
the trunk lines met this petition with an absO-
iute refusal. Commissioner Fink replied that it
is necessary TO charge higher rates on certain
articles IN order that grain and other food pro-
ducts can be carried at rate enabling the
Farmers u ship TO the East and 10 Europe.
This discrimination is for the benefit Of trade
in general. aud the dry goods trade shares N
the benefits. The individual consumers of
domestic dry goods could benefit so little by
a reduction OF the freight rates on that class
Of goods that the difference in cOst would be
inaPpreci2ble, while a reduction would not
benefit the trade by causing an increased de-
nland for their goods. Silks and the higher
Glasses Of dry goods bear such relatively small
proportion in bulk and weight 10 the amount
Of dry goods of the lower classes shipped that
il would be necessary to charge very high rates
Oh them 10 make up for a reduction on the lat
ter. Discrimination must exist, he argued,
between the several classes Of articles and rates
Cd the Glasses cannot be established on the
basis Of cost OF service. The commission ad-
jOurned to June 18th.
The directors of the Central Railroad of New
Jersey held q meeting at the offices in New
York on Saturday Receiver Little notified the
board that 100000 had been placed in his
hands by the Philadelphia and Reading Rail
road Company, as required by the chancellor,
as a preliminary TO the transfer of the Central
70 the Reading Company, in accordance with
the proposed lease The receiver then surrcn-
dered the property to the stockholders. The
next order of business would have been the
consammation of the lease tOfhe Reading, but
the lnjunction secured by Mr.. Joseph w. Burn
ham on Friday as holder OF the income bonds
npon which interest is in default put stop TO
the carrying out Of the agreement. This suit
viii be argued in the Superior Court. Until
the Injunction is dissolved, the directors viii
operate the road in the interest Of the Reading.
Nothing viii be paid on the stock until the
suit is settled.
The National Exhibition of Railway Appli-
pliances was opened in Chicago on the oath
inst. The exercises included prayer by Prof.
David Swing, an address of welcome by Mayor
Carter III. Harrison, an address by the Hon.
Elihu 3. Wsshburne. the introductions Of vet
Fran locomotive builders and engineers BIZ Vice
President a French, and the singing of " God
Save the Queen" out of compliment 10 Queen
Nictoria's birthday. The exhibits were far
from being in a complete state, but even in
their confusion presented many interesting
points for study. Among the objects Of histori-
ca interest were the first locomotive, built by
George Stephenson, and run on the roaG be-
Ia
I6225: ssEef1l' Of the oldest locomotives in this
country. and the first freight car with six
trucks Owing to the delay III securing power,
much Of shc machinery intended to be shown
la operation was standing still.
Duluth MINI, is much excited OYER the al
leged discovery Of gold and silver within its
limits Some time last fall some parties dis
covered indications Of silver the top OF
hil back of the center Of the city. Last week
the owners of the claim, Messrs Monniheim,
Stockbridgc. and Howard, began to make ex-
cavations, and the specimens taken from the
mine indicate the presence of considerable
silver. Il looks rs though there might be
quantity Of il, but it is too early yet to tell
II. 4. DOUGLASS began operations in another
place in the city, and it is currently reported
tnat be has found : lead containing gold. Old
nlincrs sfa'c that i looks like PAYING lead.
Still another discovery is reported in the
aliclies isaca Of Rices Point, and 1t is said that
q KEN OF quartz found there contains silver in
paying Quantities.
a large herd of imported jersey cattle was
cod az auction II Philadelphia on the oath inst.
81 high prices. Mr.. J. b. Morris, of Saugatuck
Conn, bought ROYAL Beauty bred nv 7. Della
Perreil. and sired by Douney. for 81. coo. c.
EaStaorpe. of Niles. Ohio obtained Robby's
Princes Royale for 1915, while NJ Il d. Fusti
OF AaliiDgfOrd. purchased COnvolvulus for
fl.075; NJ. ii. Burr, Pilots Veronica for 81 Go
aad NJ. u. McCrcady. Of Saugatucl Conn Or
EuEe Peci's Rosa for S901. The prices obtained
FOR the other animals ranged from sos 10 $40.
Snow drifted a foot deep on the line of tho
Richmond and Allegheny Railroad, between
ly-ucS5uTg and Clifton Forge. on the 22d inst
The cold weather is damaging the crops IN that
section OF virginia. There were also heavy
fr6sss n portions Of Illinois and Iowa and in
central and southern Missouri. La the section
Of Illinois recently swept by cyclones the early
vegetables have been entirely destroyed by
frsst. and the fruit and grain have been badly
damaged
4 paper steamboat has been built at lansing
bnrgh, New York, for a Pittsburg company Its
length is twenty feet. II has seating capacity
for twenty-five persons, and 4 carving capacity
OF thirty tons The sheathing is solid body
OF paper thrce-eighth inch thick. bullet
from a revolver fired at the sheathing from a
distance of only four feet neither penetrated
NOR a5-adcG il.
Senator Miller has been asked by merchants
In california 10 assist in having the signal
service reports from far Western stations re-
eumcc. Captain Powell, Of the Signal Office.
has replied that the appropriation made BY
congress for this purpose is already exhausted,
and that the Western Union Telegraph Com
pas'y is now sending reports at it's own risk.
The young cotton ia Georgia is suffering
from the cold weather. A dispatch from Au-
gusta, Ca, says the watermelon vines in Gcor-
gia and South Carolina have been seriously in
1Hred On the other hand. it was stated al the
Georgia F!uit-5rowers' convention, at Atlanta
Ga, that the crop Of watcTmelons and other
vegetables would be unprecedented.
Five marine elephants Of the species known
ss mociorhinchus angustrio osiris (sea ele-
pAsntsl have been received at the PHILADELPHIA
Geological Gardens They are said to be the
only specimens Of their species ever taken
ailfc They were captured in the South Pa
cifc ocean.
The shoe manufacturers and shoe operatives
oi Cincinnati have terminated the lock
which has kept $500 men idle for a fortnight.
All hands resumed work Monday. and will
leave the settlement of the difficulty to arbi
Station.
The trustees of Williams College Massachu-
seits have received a check for $4,000 from A.
u. German, of Albany, n. Y, TO found a pro-
fessOsship of natural theology in memory of
has deceased son, who was a student at the col