New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1884-05-05
NOTES on INDUSTRY AND TRADE.

DISCOVERIES OF THAT the United States As
say Office are specimens Of pure TIN obtained by
assaying rock forwarded by Professor Bailey the
geOlogist Of Wyoming Territory. Ii Is stated that
the specimens sent average over Is per cent pure
tin, and that vast Of such rock found in
the Black Hills, whlle the "black stuff" which has
so long annoyed the gold miners in that region and
Is found in great quantities. appears to be stream
tin," brought down from the hills by the action Of
the water and assayIng about IT per cent pure tin.
These statements, if true, Of the utmost impor
tance to the country Deposits as rich these are
said TO be- exceeding by far tho Of the Cornwall
mines. would soon supply the needs Of this coun-
try and affect the price Of tin the world The
Australian mines were first worked in 1872; last
year thoy supplied 10,625 tons of tln against
10, 76l tons from the Straits and 81 tons from
Banca and Billion, and $500 from Corn
wall. While the East Indies yield over
half the worlds production, which was 1870
tons last year. the United States probably consumes
more tin than any other nation. The imports dur
ing eight months ending with February were
49, sO3 100 pounds or ., 475 400 pounds per month.
But besides this consumption 1.l05 tons per
MONTH or 1890 yearly, this country also imports
tin and terne plates at the rate Of 1872. 900 tons
during the same eight months, or 243,000 tons
yearly, and though these have only thin coating
of tin on the iron plates, vast quantity OF
the costly metal is thus consumed Hence it
may be estimated that this country consumes about
one-thrd of al the tin produced in the world, aud
the cost now about 10 cents per pound, or
1925 per ton is at least So 400 900 yearly. apart
from the cost of the iron plates and the labor
Of coating. If the deposits Of the metal in the
Black Hills correspond in any reasonable measure
with the statements of BIOLOGISTS there is no reason
why the production here should not be developed
rapidly it mas been Australia, so that,
within ten or twelve years we may become entirely
Independent of other countries IN this respect
LOCOMOTIVES FOR SPAIN.-AmOng Othor evil
dences of the Intolerable burdens imposed by
the tariil-which, we are told makes everything
cost 40 or 30 per per cent more in this than in other
countrcs-it may be mentioned that the Rogers
Locomotive Works are at present building some
locomotives for tho Valll Yallcnueya and BARGE
Iona Railroad in Spain. Three are S-wheel passen-
ger engines, ard three "Mogul5,' Why the pur-
chasers did not send to England and buy engines
80 per cent" cheaper, perhaps Mr. Morrison VIII
inform us-if he gets time.
IGoN AND SrEEL.-Ihe No. blast furnace of the
Pennsylvania steel Works, at Sutton, was lighted
recently, and isono Of the largest in the country.
1t is SAID to be yielding POO tons per day. The Oda
Quinuimont furnace, in West Virginia, which has
for some years been under the efficient charge OF a
New-YoIker. Major Lewis, has shut down for a
time. and It's mines and coke-works also stop The
furnace was old-fashioncd, and il-adtpted to com
pete with the larger and more complete works that
are now being opened but the location and proper
ty Of such value that the neelful outlay Of adj
ditiona capital will probably be not long delayed.
The Brown Bonnel creditors and stockholders
have adjusted their atfllrs, and reorganized on a
new basis, with capital stock OF 81, 200 90. The
rolling mills, furnaces and coal banks, though
operated only part Of the time under the
ship, stated to have yielded profits
COTTON IN APRIL.-The monthly statement OF The
financial Chronicle shows receipts at ports of only
111,755 bales against PSI. j19 in April last year,and
the exports were also small, only 158O9s bales
against 3Ss ,O5S bales in April 1888 This very IN
portaut difference may fairly DO attributed, in part
at least, to the great boom" in the price, for
the stock reported on hand at The ports May was
j56,O37 bales, against GJ9,426 at the same date
last year. If prefer old cotton to gold. or old
wheat to gold Europe seems content to take our
gold. The entire quantity marketed during the
present crop year including264 900 bales Southern
consumption and 546, 1913 net shipments overland,
is 55l7.5 bales, against 6,505,0J1 for tie same
eight months of the previous year, but tho bales
weigh a little less averaging about 4S2 pounds,
against 400 last year. The price rose from LOG Mt
the beginning of the month for low middling to
10 cents on the 18th and that price was held I'M
ill last tuesday. when there was fall to llas.
Print cloths have advanced only @ cents on
100 yards, and standard sheotings only 4 Of cent
per yard.