The National tribune., 1883-01-11

less cost than ordinary pig The composition
! of the hearth of this furnace constitutes It's
! chief feature, and the reducing gases i'll passing
| through this substance assume the properties
! which rapidly and perfectly deOXydlZe the metal
| above. Ordinary ores in this furnace are rap
! idly converted into iron containing not over
| seventy-fve one thousandth of one per cent. OF
! phosphorus.
| A Chicago dispatch, dated JAN Sth, says:-A
corner in corn is said to be developing here and
! the rapid rise of : cents last week in January
! options gives color to the story. 1t is stated
that Truman Il. Handy. who successfully ran
| the former deal, has associated with him sew
| Cral heavy New York capitalists and heads the
scheme. 1t is supposed to be the plan of the
clique to buy all the January and February
corn offered. One broker bought over 100000
bushels on Saturday.
B. II. Campbell. representing n syndicate OF
Chicago capitalists is negotiating with the Sec
rotary Of the Interior for the lease of tract OF
land thirty miles square, embracing about
100000 acres in the Indian Territory, belong
ing to the Cherokee and Cheyenne Indians,
The company purposes using the land for graz
ing cattle. They offer $4,000 per annum rental
for the land. and the Indians are represented
as being anxious to enter into the arrangements.
The total profit of the Reading Railroad for
the wear ending November 50 lSS2, was ST.
059 23S; total charges, including debt balance,
renewal fund. State tax on capital stock, rent
ais and full interest on all obligations, except
bonds of the Coal and Iron Company owned by
the Railroad Company, $l0176,297, leaving a
surplus of SSS2. 9il as against Slo3,2Jb Tor the
year ending November 80, 1881.
The wooden and other mills along the Penob-
scot river have been compelled TO commence
running on half time for lack OF water. The
operatives are making barely enough 10 pay
their board. and the mill owners are losing
money not being able to fill their orders. Such
a drought has never been equaled IN Maine
even in summer, and the mills never closed be-
fore for want of water in winter
A contract has been signed between General
Barrios, of Guatemala, and General Ulysses 5.
Grant President of the Mexican Southern Rail
road Company, under which, in returns for
certain concessions, this company undertakes
to build go miles of railroad in Guatemala
within two years after the Mexican Southern
line reaches the Guatemalan frontier.
At Pittsburg, Pa, convention is shortly to
be held to effect general organization of the
bituminous coal miners of the United States.
The call has not yet been issued, but will be in
a few days. The idea is to get the 10000 min
ers in the United States under one head for
mutual protection and the prevention of strikes.
Each State will have It's separate organization.
Chicago statistics for 1882 show that the cat
tie receipts were 100000 head, valued at
S2OOOOO,O0O. The wholesale trade of the city
amounting to $435,OOO,00O, and the manufac-
turing to 1911, 100000; the total grand aggre-
gate business of the city for the year reached
the sum of 1,O45,000,000.
The New York Silk Exchange has been pre-
scented, through the japanese Consul, with
case containing several millions of silk-worm
eggs, and will distribute them free to Amerl-
can silk culturists
The BriCklayers' National Union, composed
of delegates from local unions throughout the
United States began its seventeenth annual
convention at Providence, r. l., Monday.
There were 257 failures in the United States
reported to BrddStreet'S Journal the past week;
Il more than the preceding week, and 105 more
than the corresponding week last year.