New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1906-01-01

petitors. Such policy has not given the Trust
the control of the situation, competition has been
just fierce at the low prices at higher prices,
and in some cases new competitors have entered
the field. Although in 1876 probably more asphalt
pavements were laid than in any other year, such
a policy that above will ultimately discourage
the promotion of asphalt pavements, for in nuIner-
petition the part of the property owners and
contractor % ntuFay VOTE Ior ee ,b q hest
prices This condition has already been realized TO
large increase in the amount of wood pavement
and bitulithic or bituminous maeadam. =
asphalt; and has to a certain extent dem9Ta lI
ment of the socalled artificial Oil asphats made
out of the peroieums OF California In the process
after distilIing off the gasolines, lighting oils and
Iubricating oils heavy residue, which has been
placed on the market as asphalt In most cases this
has been a by-product and is most unsuitable for
paving purposes, tfe nature OF tne asphalt nay
ture necessary for the manufacture of the light
pavements will stand the test Of time is yet
a doubtful question, Owing to the uncertain
contractors and cities have been cautious about
oSeb Of f m IN NeWYSrk thew have been
excluded from the specifications Ia other cities,
own paving plant, a considerably higher price has
been paid for a well recognized natural asphalt
than for the so,caled asphalts OF California These
asphalts of CahfOrnia-most of them being by.
or ST ton delivered in Chicago or New York,
which means price of about Sc ton at the refinery
what part the socalled asphals of California will
play in the asphalt paving industry, but IL is evil
dent that if their is to be extended. consider
ably must be used refining than
been the in the past.
Another uncertainty introduced into the asphalt
industry during the year 1905 was the loss to the
New-Yors and BerEnudez Company (sO-caIled
''Trust'O of the Bermudez deposit Of asphalt In
Venezuela, which is probably the most valuable of
the natural asphalt deposits. This property, which
had been under lease by the New-York and Der
mudeZ Company for some years. was taken posses
sion of by the High Federal Court OF Venezuela
owing to the failure of the company to carry out
the terms of the concession. Later another suit
brought by Venezuela against the New-YOrk
and Bermudcz Company for 81 eco damages suf-
fered by that o country on account of the MatOs
financed by the New York and Bernudez Company
The testimony OF this case has just been finished
and from evidence given by it's officers, il Is
apparent that the New-YOrk and Bermudez Com
pany contributed at least 3O000 for the revolu-
ton the result of which will undoubtedly be the
permanent loss Of the deposit to that company
During the current year a considerable quantity
of Bermudez asphalt was imported direct from the
receiver representing the court and sold to the
trade by The A. l. Barber Asphalt Company No II
Battery Place, New-YOrh This asphalt has such
a high reputation for quality that the cities of
Detroit. Montreal and Omaha purchased it either
exclusively or in large quantities for their municipal