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Business Interests

Business Interests image
Parent Issue
Day
5
Month
October
Year
1877
Copyright
Public Domain
OCR Text

Ciiakleston, S. C. , is shipping wheat to England. The Quebec Governmont is trying to promotc beet-root sngar-mnking. The agrienltural festivals, this fall, Lavo provcd as successful as the yield of the eartli has bceu bountiful aud perfect. The papers of Atlanta, Savannah aud Augusto, Ga., report trade at their respectivo centers as moro satisfactory than it has been at any senson sinoe the war. LoursiANA tmgar lands capable of producing 2,000 to 5,000 pouiids of sugar and 12 to320 gallons of molasses, valued at $200 to &500, eau bepurehasedatfroin $15 to $40 per acre. Oamfobnia's wool growth is becoming one of her greatest industries, the exporta last year haring bden over fifty millions of pounds, woitli $8,000,000. There are sevërai wool-growers who own from thirty to forty thousand shcep each. At tho baukors' convention in New York the prevailiug opinión secmed to bc iu favor of resumption as proposed bjr tho Shcrman act, and also that no bauks issue bilis of loss denomiuation than $5; thus favoring the use of silver for all less surns. Witii regard to the reeent visit of members of tho Syndicate to Washington, tho New York l( ortd says it is uuderstood it was to complete the accounts of the 4 per cent, loan, oí which thoy have taken $1200,000,000. Of this, $15,000,000 is to be reserved for roi-umptiou purposes, and it is also stipulated that a similar amount, to bo received from the. sale of the i per cents., is to be used for the same object. Accohding to the New York Sun, the merchauts of that city say "thero is a marked chango for the botter in the state of trado. The wholesale dealers aze crowded with business, and orders are rcaching them, thick and tast, from ovorywhero in the West and South. Men who, day after day, within the past few ycaxu, xltK n 1 the wuulci, ' JJuWÍUCSS ÍS very dull,' havo begun to say, ' Wc havo our hands f uil of business. ' " Fkom various portions of the Northwest there aro evidences of a steady stre.im of imniigration to tho Southern and Southwestern States, andindioations that this current will become stronger and wider dnring tho prt sent fall and winter season. The Chicago Journal reports that many families are leaving that city daily for Texas and Florida, and the number of inquirers and seekers after information is steadily on tho increase. Aï tlie annual meeting of the stockholders of tho Northern Pacific railroad, held in New York, the oüicr day, the report for the last year and up to September, 1877, showed gross earnings of the year L9G5,828; expenses, $573,124; leaving abalance of $392,699, or au increase oE nearly 25 per cent. over last year. The report urges that Congross be petitioned to pass a bilí extendí ug the time for the construction and completion of the road to the Pacific, and sets forth advuntages to acciue to tho country by its construciion. Charles B. Wright, of Pennsylvama, was elected President. The exjiortation of cattlo and beef to England, which started up so suddenly a few montlis ago and expauded so rapidly, is al ready on the declino. Thehirge finn of Samuels Bros., in New York, who made the first sliipments of live cattle, failcd tho other day, and tlicy declaro that the business is a losing one, owing to tho inevitable losses of stock on the voyage. l'resh boef fares but little botter than live stock, owing to tho immense diiliculty expericneed in keepug it frosh and sweet while on the water. Another firm in tho samo city, howcver, claims to have dono fairly well at the txade. For the first time in five years a cargo of coal has arrived in Boston from Newcastle and been sold at a profit, and more is on the way. The Gas Company is tho ouly purchaser as yot, but there will soon 1)0 a largo murket for Enghsh coal in Massaehusetts, unlcss tho price of Pennsylvania coal is reduced. The reason of this trado-phenomenon is plainly set forth in theA mcricanGas Ziight Journal, which lays the blame upon tho railroad companies aud their tmlious iuterfcrence with tho coal companies. Tlie freight-agents now díctate tho price at which coal is sold, the markets to which it is sent, and other maHers which havo horetoforo boen considcred sololy at tho discretion of the coal operators. Tho priec lias thus been iixed abovc tho cos-t of coal in England, with freight added ; and the shrewd Boston men are seeking the cheapest market.

Article

Subjects
Old News
Michigan Argus