Democratic Sentinel, Volume 1, Number 30, Rensselaer, Jasper County, 7 September 1877 — TRADE AND INDUSTRY. [ARTICLE]

TRADE AND INDUSTRY.

Thebe are seventy establishments in the United States devoted to the production of window glass. Of the several States New Jersey has the largest number, twenty-seven. The Springfield Republican says the Fall Biver manufacturers have been attempting to force up the prices of their goods a little too fast, and, creating a reaction in consequence, have been accumulating heavy stocks. But they have such faith in the future of the market that they refuse to reduce production, and several new mills are in progress of erection, while nearly all of them have recommenced paying dividends to their stockholders. From all reports received it seems to be an assured fact that the British harvest this year will be a light one, the wheat crop especially. The harvest in France is also defective, and the Russian fields are going to waste owing to insufficient hands. The German cro r 1 j looking well. fhis is rather encouraging news for us. We have this year one of the finest crops ever garnered, and it is estimated on the London Exchange that the importation of wheat from America will exceed last year’s supply by 2,000,000 quarters. £n spite of the recent sudden falling off in the exports of fresh meat to Europe, the business still survives, and gives promise of permanence. Since January 1 we have sent to English ports 69,445,490 pounds fresh beef, worth $6,941,599, against 19,990,895 pounds worth $1,755,191 during the same period of 1876. The butter and cheese exports are large. Since May 1, 6,031,353 pounds of butter have been sent over, against 1,846,149 the same period of 1876, 52,667,743 pounds of cheese, against 43,442,179 last year. The great German capital, Berlin, is going through a terrible real-estate collapse. For three or four years before 1873 it seemed impossible to build houses fast enough to supply the increasing population, or to advance prices beyond the takers. But the supply was pushed beyond the demand, prices have been so high that people went away, and now there are 20,000 vacant apartments in the city. There is a great deal of real estate that does not yield income enough to pay taxes, and a wide-spread distress and ruin among real-estate men who have done business on borrowed capital. The farmers are enjoying a prosperity which might well arouse the envy of all other classes. Combining in themselves the interests of both capital and labor, they have, fortunately, escaped the effects of the recent conflicts which the antagonism of such interests has produced in various parts of the country. They have tilled their fertile acres in peace, and have been blest with an unusually abundant harvest. Their bins are bursting with the golden yield of the grain fields. Plenty sits smiling at their hearths. For -the products of their acres there is an active demand. The granaries of the marts of Russia have been exhausted. The war has practically stopped Russian agriculture. The surplus of American grain will find a ready outlet through the channels of exportation. Prices will rule high and fanners will be happy. New York’s richest millionaires are rated as follows: William H. Vanderbilt, $75,(XX),000; John Jacob Astor, $60,000,000; William Astor, $30,000,000; Peter Goelet (estate! $25,000,000; Russel Sage, $12,000,000; Moses Taylor, Judge Hilton, Frederick Stevens, and Catherine Wolfe, each, $10,000,000,