Crawford avalanche. (Grayling, Mich.) 1879-19??, 1888-05-17
TIE WORLD AT LARGE.

The action of tho Chicago, Burlington and
Quincy Directors at their meeting in Boston,
last week. in declaring only one per cent. div
idend, instead of the customary two per cent,
created general sensation in Wall street. A
Chicago dispatch says:
The Chicago, Burlington ana quincy has Just
issued statement OF the earnings and expenses
of the road for the month OF March and for the
three months ending March 81, 1883, compared
with the CORES ponding periods of 1887. Gross
earnings for the month were VI, 2ll, leSO2, de-
crease OF S1.74l, 493.49. The oxpenses were
81 1877, COS. 20, reduction OF $2i5l356. while In
net earnings a deficit OF Sl46 al 10 is shown. in
dicatins a decrease OF Sl,7l9,9D.y3. For the
quarter the gross earnings were 81. 800 00l 81,
decrease OF 81 ZIG 3,O45; expenses, ~, 94S, 2601
an increase OF $l19. 42200; net earnings. sI2j-
473.93, a decrease Of S2,63j,722.5i
OWING TO drought in the embarrassing dis
trcts of Cuba many animals are dying and
vegetables are scarca
The Texas capitol building has been COM
pleted AID formally accepted A Chicago
dispatch says:
The completion OF tho Texas Capitol entities
the Farwcll syndicate to 3.5U0,0U0 acres OF the
choicest grazing and agricultural land In the
pan handle OF Texas. IL has long since been
public rumor that the Farwell syndicate has
disposed of the property for s30UUo,OJO. The
building has cost them upward OF SI,OOO.OO1
and is acknowledged to b3 the finest State Capt
tol in the United States. The land was worth
ouly fifty cents an acre when the contract was
made but railroads and the prospects Of moro
railroads have made the land worth fully $40
nn acre
PRESIDENT CLEVELAND has contributed 800
iu aid of an orphan asylum to be established
at Lynchburg. Va
The production OF iron and steel in the
United States in 1887 is officially reported BY
the American Iron and steel Association
as follows, in gross tons: Pig iron, O, 447, :
l4S; Bessemer steel ingots, 9, sS6 0H3; Bosse-
mer steel rails, 2,lcl, SO4; opon hearth
steel ingots, 22,t69; open hearth steel
rails, II, 145; crucible steel ingots, 1886;
rolled iron, except rails, 2,200 SEQ; IRON rails,
2o,59l; pig, scrap and ore blooms, 3S,6G6;
kegs of cut nails 600 pounds>, 6,9JS,S7o In
the two years from 1885 10 1887 we increased
our product of pig ron 81 per cent, our pro-
duction of Bossemer steel ingots % per cont
our production of Bessemer steel rails IL per
cent, our production of open hearth steel in
gots al per cent, and our production of
rolled iron AZ per cent
The outlook for finishing wheat seeding in
the Northwest is very discourag,ng. A st
Paul dispatch of Mon lay says
1t has rained almost continually for nearly
soaked. In some places the standing water is
from six inches TO u foot deep on the fields that
are already plowod and ready for seed In the
southern part Of Minnesota there arc thou
sands of acres that will not be sown at all this
year. as 1t will 10 too late by tho time the
ground gets n condition TO be worked. Far
ners are dovoting their land to oats and other
grain and the wheat acreage will he about one
fourth less than last year. in southern Dakota
tho acreage will be q little less, but the short
age will not DO az great as in NJ innesota
ARCHBISHOP LYNCH, OF Toronto, Ontario is
dead
DON PEDRO, Emperor OF Brazil, has had q
serious relapse at Milan. lie shows symp-
toms OF neuralgia cerebral co igestion.
The Chicago and Northwestern RoaI will
build new depot at s oux CITY, Iowa, to cost
SIZE, 600, construction t. begin Immediately.