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26 MARINE REVIEW. [August 1, PRODUCTION OF PIG IRON, FIRST HALF OF 1901. The American Iron and Steel Association has received from the man- ufacturers complete statistics of the production of all kinds of pig iron in the United States in the first half of 1901; also complete statistics of the stocks of pig iron which were on hand and for sale on June 30, 1901. Following is the summary: The total production of pig iron in the first half of 1901 was 7,674,613 gross tons, against 7,642,569 tons in the first half of 1900 and 6,146,673 tons in the second half. The increase in production in the first half of 1901 over the first half of 1900 was only 32,044 tons, but the increase over the second half of 1900 was 1,527,940 tons. Indications now point to a de- creased production in the second half of 1901 as compared with the first half. The production in the first half of 1899, the boom year, was 6,289,- 167 tons, and in the second half it was 7,331,536 tons. The production of Bessemer pig iron in the first half of 1901 was 4,582,187 gross tons, against 4,461,391 tons in the first half of 1900 and 3,482,061 tons in the second half. The production of basic pig iron in the first half of 1901 was 645,105 gross tons, against 581,868 tons in the first half of 1900 and 490,508 tons in the second half. The production of charcoal pig iron in the first half of 1901 was 194,- 231 gross tons, against 167,146 tons in the first half of 1900 and 172,728 tons in the second half. In addition there were produced in the south in the first six months of this year 17,979 tons of pig iron with mixed charcoal and coke. The production of spiegeleisen and ferromanganese in the first half of 1901 was 135,920 gross tons, all made in New Jersey, Pennsylvania, Alabama, Illinois and Colorado, against 148,102 tons in the first half of 1900 and 107,875 tons in the second half. The association's statistics of unsold stocks do not include pig iron sold and not removed from the furnace bank, or pig iron in the hands of creditors, or pig iron manufactured by rolling mill owners for their own use, or pig iron in the hands of consumers. The stocks which were unsold in the hands of manufacturers or their agents on June 30, 1901, amounted to 372,560 tons, against 442,370 tons on Dec. 31, 1900, and 338,053 tons on June 30, 1900. Included in the stocks of unsold pig iron on hand on June 30, 1901, were 8,831 tons in the yards of the American Pig Iron Storage Warrant Co., which were yet under the control of the makers, the part in these yards not under their control amounting to 1,569 tons, which latter quan- tity, added to the 372,560 tons above mentioned, makes a total of 374,129 tons which were on the market at that date. The total stocks in the above named warrant yards on June 30, 1901, amounted to 10,400 tons, against 16,400 tons on Dec. 31, 1900. The whole number of furnaces in blast on June 30, 1901, was 259, against 232 on Dec. 31, 1900, and 283 on June 30, 1900. For navigation charts apply to the Marine Review. GROWTH OF TRADE WITH JAPAN. The remarkable growth in the exports of the United States to Japan and in the rank which she now holds in supplying the imports of that prosperous and rapidly developing country 1s shown by some figures just compiled by the treasury bureau of statistics. The Japanese statistical report, entitled "Annual Return of the Foreign Trade of the Empire of Japan" has just been received by the treasury bureau of statistics, and _ presents the details of the imports and exports of Japan in the calendar year 1900. It shows that the imports from the United States have grown from 6,000,000 yen in 1893 to over 60,000,000 yen in 1900, and that the United States, which stood sixth in rank in the list of countries from which Japan drew her imports in 1893, is now second in the list, being only exceeded by Great Britain. In 1893 the imports into Japan from Great Britain were valued at 27,929,628 yen; those from China, 17,095,074 yen: from British India, 8,679,029 yen; from Hongkong, 8,268,071 yen; from Germany, 7,318,133 yen; and from the United States, 6,090,208 yen. In 1900 the list stood: From the United Kingdom, 71,638,219 yen; from the United States, 62,761,196 yen; China, 29,960,740 yen; Germany, 29,- 199,695 yen; British India, 23,516,350 yen; Hongkong, 10,659,855 yen; France, 8,095,819 yen; and Belgium, 1,949,253 yen. In 1893 the United States supplied 7 per cent, Germany 9 per cent., and the United Kingdom 32 per cent. of the total imports into Japan; in 1900 the United States supplied 21 per cent., Germany 10 per cent., and the United Kingdom 25 per cent. Going still further back, it may be said that in 1881 the United States supplied 6 per cent. and the United Kingdom 52 per cent. of Japan's imports; while, as above indicated, the United States now sup- plies 21 per cent. and the United Kingdom 25 per cent. The late W. E. Fitzgerald of the American Ship Building Co, had the happy faculty of playing while he worked. Nobody suspected him of sentiment, and yet it is said of him that notwithstanding his business travels, away from home more than half the time, he managed to spend, wherever he was, five minutes with his family--his wife and boys. He did it by means of the long distance telephone. At a certain hour each evening, no matter how far away from Milwaukee he might be, his home was called up for a short talk with mama and the children. Lieut. Col. Thomas H. Handbury, engineer of the eleventh light- house district, with headquarters at Detroit, has been ordered to Cin- cinnati where he will act as division engineer of the central division. The order takes effect Nov. 1. Special local sleepers.--Train leaving Cleveland at 7:50 p. m. for Chicago, return trip leaving Chicago at 8:35 p. m., via the Nickel Plate road, now carries extra local sleepers between these points affording ample room for all. For specific information call on nearest agent or bE A Akers 2 & 1 As Cleveland: ©: 145, Aug, 17. 108 SUPERIOR STREET, $150,000 First Mortgage 5% Gold Bonds OS Oe 2 The Calumet Transportation Co. secured by "Blanket"? Mortgage upon the new Steel Steamers G. A FLAGG, RANDOLPH S. WARNER, each 336 ft. length, 42 ft. beam and 26% ft. depth, and upon new Steel Schooners A. W. THOMPSON, S. D. WARRINER, each 300 ft. length, 42 ft. beam, 24 ft. depth. Combined capacity of four vessels, 18,000 tons. Prices to net the investor 434%. THE GUARDIAN TRUST COMPANY, OFFERS SUBJECT TO PRIOR SALE These bonds are secured by mortgage or deed of trust to the Guardian Trust Co., as Trustee, in the one case upon two modern, new steel steamers and two new steel schooners, and in the other case upon six modern, new steel steamers, the insurance upon which, payable to and deposited with the trustee in the interest of the bondholders, exceeds ia each case the total bond issue. The bonds mature in annual installments and as no part of the mort- gaged property can be released until every bond is paid, the margin of security constantly increases. As the bonds mature in yearly installments from 1902 to 1953, either long or short time securities can be furnished to suit purchaser. Both bonds and semi-annual interest coupons are payable at office of The Guardian Trust Co., Trustee. CLEVELAND, O. $633,000 First Mortgage 5% Gold Bonds ay ee THE GLOBE STEAMSHIP Co. secured by "Blanket" Mortgage upon the new Steel Steamers NEPTUNE, URANUS, VENUS, MARS, SATURN, JUPITER, each 366 ft. length, 48 ft. beam, 28 ft. depth, and of 6,000 tons capacity. Special descriptive circular upon application. leaves