Santa Fe daily New Mexican. [volume] (Santa Fe, N.M.) 1885-1897, 1889-01-16
THE COUNTRY'S INDUSTRY.
Splendid ShOwing-The Iron Boom
American Wheat-Prosperity
AbOunds.

PHILADELPHIA, Jan. 16.--The manu-
featuring, commercial and financial force.
of the country seem to be gathering
strength for grand leap into production
At present things are rather quiet, but
they are always SO at this period. Au.
thorities on iron and steel matters assert
that in spite of the constantly increasing
production that stocks are not increasing
but that consumptive demands are Dur
ing the past year the largest production
on record in this country was made.
Margins in all the industries have been
rather disappointingly low, but then col
lections have been unusually good which
is an offset. The failures for the past
year foot up in round figures over 10000,
which considering the vast volume of
business transacted is but trihe The
outlook for the comingyear is full ofprom-
ise and has encouraged manufacturers in
ali branches of trade as well as financial
men and projectors of enterprises. The
only weak spot in the iron trade is the
stee' department, hVt ifsl' the seilroad Is
quarters of it that trade will have quite q
boom.
During the past year England has ab-
sorbed A $685. bushels of corn. The
weekly average exports from this country
have been 100000 bushels including $685.
900 bushels weekly average for the United
Kingdom.
There have been imported into tho
United States during 1883, 1908, 900 tons
of iron as far as the statistics are now OBJ
tainable, against 1,2S2,0O0 tons in 1887 !;
645 900 tons of iron as far as statistics are
obtainable, against ,2S2, 900 tons in 1887 !;
this includes the imports OF steel as we'll.
At the present time there are now NOV
ing toward the ports of England 20 900, 900
bushels of wheat. Russia is exporting
wheat in larger quantities year by year
while the United States with increased
crops is exporting less.
The uncertainties which have 50 long
surrounded the railroad situation are
gradually disappearing. The advance in
railroad freight rates on the Granger roads
went into effect on January /, in accord
with the recent agreement. This will
help to settle many difficulties which have
long obstructed the building OF additional
railroad.
Virginia, Tennessee and Alabama have
notably increased their production of pig
iron during 1888. The most profitable
furnace plant in the south is at Rock.
wood. One of the reasons for this is the
the excellent management. The largest
furnace plant of the south is that of the
Tennessee Coal, Iron & Railroad company
at Ensly, Ala. This plant is said to be
the most complete in tho world. The
lockwood furnace No. was the pioneer
in the use of coke in the southern states.
The two ores used chiefly in the south in
the production of iron are the limonites
and fossiliferous. ....
1t will cost the government $4,000, ,00C
in taking the coming census, exclusive o.
the cost of printing, engraving and bind
ing.
And now the City of Mexico is negotiat
ing a loan OF 10000, 900 in London, the
idea of which is to build with it a granC
drainage tunnel introducingwater and i'm
proving sewers, upon which engineers
have been engaged for some time past
A scheme of this character was brought
up several years ago by Major Owens, but
by an unfortunate chain of circumstances
fell through.
The Mexican government is certainly
making great progress in industrial enter
prises and is now about to improve its ex-
port trade by removing as many obstacles
to that end as possible.
Mica has only become used extensively
of late years. The mines OF value in the
eastern United States are located in west.
ern North Carolina. 1t is very capri.
cious mineral. A mine may promise well
on the surface, but on going into the
mine it will be found off color or full Of
cracks and splits. The mica mining busi.
ness is becoming very important one
The largest lead mine in the south is To-
Gated at Austinville, Wythe county Va.
The value of the fruit and vegetable
crop OF Charleston for 1888 was 81 $3.50 900
as against 1896, 900 in 1887. In Arkansas
the roads leading into Little Rock are al
macadamized, a plan which could be fol
lowed with profit by many other cities. Il
the convicts which are at present depriv
ing free laborers Of work were set tc
work chainedtogether to macadamize and
make roads over the country it would be 9
far more equitable way than the govern
ment to obtain some profit for their la
bors, and would improve the convicts
Human nature, no matter in what class
is more liableto improvement under Gods
sky and in the free air than penned in
prison cells.
Southern timber lands are rapidly ap
preciating in value. Those contemplating
investment should make haste before they
advance too far. The lumber trade in the
south is improving almost miraculously